In recent years, Spanish citizens have witnessed a steady increase in electricity prices, which has affected their electricity bills. More recently, the increase has become more pronounced, and according to experts, this is due to two main factors: the rising price of CO₂ emission rights in the European market and the rise in gas prices, resulting from the global scarcity of this resource.
To address this problem, at MASRED Engineering, we stand out in Valencia and the Balearic Islands as one of the pioneering companies in the installation of solar panels for renewable energy production. This alternative enables us to save up to 70% on our electricity bills, while making the community part of the energy transformation and contributing to the construction of a better world..
How the rise in electricity prices affects consumers, according to their marketing company
In Spain, electricity providers typically establish fixed-price or indexed electricity rates in contracts. In the case of the former, the amount payable changes every hour of the day and varies daily, while in the latter, the price of electricity remains the same 24 hours a day and does not change for a year.
One advantage that customers with indexed prices enjoy is market fluctuations. For example, if the cost of electricity fluctuates, it affects their bill, and they can save up to 20% on their energy consumption. However, energy market volatility can also be a disadvantage during times when electricity prices rise significantly.
On the other hand, those with a fixed-price contract are not affected by the fluctuations. In this sense, the rise in electricity prices has a greater impact on consumers with indexed rates, as they are more vulnerable to fluctuations in electricity market conditions.
Self-consumption, key to energy savings
In cities like Valencia and the Balearic Islands, the installation of solar panels has begun to gain popularity among communities, not only for the energy savings it offers, but also for the lower costs associated with the necessary procedures to carry out the project, to make self-consumption a straightforward process.
In this regard, at MASRED Engineering, we provide comprehensive support throughout all phases of the project, from assistance with grant applications to fully self-sufficient, off-grid photovoltaic installations.
Do you have any further questions? Would you like a customized quote? Ask our expert. At MASRED Engineering, we’re here to answer your questions and provide support throughout the entire management and installation process, facilitating your transition to green energy.
