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The VPSC or Voluntary Price for Small Customer, is the system for establishing the price of electricity introduced by the government for customers in the regulated market (customers that have a contract with a Reference Reseller Company – in case of Endesa - Endesa Energía XXI -), with a contracted power that does not exceed 10kW. On 28 March 2014 (Royal Decree) the VPSC tariff replaced the Last Resort Tariff (LRT).
With the entry into force of the VPSC, electricity bills still have three components:
With the VPSC, only the way in which the cost of producing electricity varies.
When the VPSC came into force, the quarterly auctions used until that point for establishing the price of energy disappeared. From then on, the price of electricity has been calculated by the Red Eléctrica Española (REE) on a daily basis according to the market’s hourly prices for energy.
With this system, the prices of electricity can change every hour according to the progress of the electricity market. In other words, the sum of your bills depends on factors such as climate or energy demands.
The change to VPSC took place automatically on 1 July 2014, so, if you had the LRT and you did not change anything, you will now have the VPSC tariff. (Royal Decree 216/2014 of 28 March).
This new system will be applied in two ways:
You will be billed according to your electricity consumption each hour, by applying the prices established by the energy market for that time. These prices are public and can be viewed from 20:15 h the day before via the REE website.
As your exact hourly consumption details are not available, you will be billed by applying the average consumer profile created by the Transmission system based on consumer behaviour patterns. These consumption profiles are updated on a regular basis and you can check them via the REE website.
All households should have a smart meter connected to the remote management system before 2019.
A constant price curve is applied throughout the day, with it being slightly cheaper at night.
Two time periods are established, an On-peak period (daytime) and an Off-peak period (night time) offering very different electricity prices.
On-peak period:
Winter: From 12:00 a 22:00 h.
Summer: From 13:00 a 23:00 h.
Off-peak period:
Winter: From 22:00 a 12:00 h.
Summer: From 23:00 a 13:00 h.
Is a tariff that splits the day into three periods. The Super Off-peak period is from 01:00 h to 07:00 h designed to make charging electric vehicles more economical.
You can contract an Open Market tariff and enjoy all the benefits it offers:
You can also contract the Annual Fixed Price with your Reference Reseller Company which will apply a fixed price that is established beforehand. Once this has been contracted, it does involve a minimum commitment period of 12 months.
If you have a Social Rate, the VPSC tariff will be applied with a 25% discount. For more information about how to benefit from the Social Rate, click here
