Electricity tarrifs with Plenitude - Page 2

That's an excellent tariff! When did you sign up for that?

I was once on a similar tariff with Iberdrola but my 5yr fixed rate expired and I had been switched onto a variable rate without me knowing! 

I signed up again earlier this year and I'm also on the 8 hour plan but my energy tariff is 0.218 peak hours and 0.127 off peak. I'm on 5.75 Kwh potencia and my standing charge is 0.09 peak and 0.014 offpeak. I'm paying around 65 euros a month.

The 8 cents peak and half a cent off peak are the costs for providing the power per Kwh per day. The electricity costs are 19 cents peak and 8 cents off peak (for the 8 hours you pick.) The cost of providing the power of 5.75Kw or 25A was €16.98 for a 32 day period. 

Including all costs (provision of power, cost of electricity, meter rental, taxes, levy for being on a special rate etc) my bill has averaged out at €1.74 per day over the last 14 months. This month with a billing period of 32 days was 55 euros and the highest I've paid for a month was 94 euro for August when we had a couple of lots of visitors who wanted the aircon on all day and night (it was very hot) plus, of course, the extra showers, cooking, kettle boiling etc. This was shown an anomaly as the next month when they'd gone the bill was 47 euro for the month.

We are on a similar one with iberdrola but we have 0.16cents 24/7 

Once your switch to Iberdrola has gone through you can wait and see which of their plans are best for you. The website can be changed to English and once you register you can easily change plans online. We were also on eight hour plan and could also change the hours to suit ourselves. When we were on 9.2 Kwh standing charges we paid approx €30 per month. We realised it was more power than we needed so reduced to 7.5Kwh. This is still a bit more than our normal useage but prefer to have a margin of error. 

Do not be in too much of a rush to swap from 9.2 as I would assume underfloor heating could use a lot of power. It all depends on what electrical items you use. We have water heater and pool both on timers, plus all the usual stuff, 3 Fridge freezers, microwave ,coffee machine, oven, hob, dishwasher, aircon and washing machine. I think from memory the most we used at any one time was 6.7 Kwh. I must add that I am not particularly careful with our usage and our bills were approx €120 per month in a fairly large 3bed house. 

I am very grateful for all the useful information I have received on this topic and you have helped to ease my anxiety over what I thought was going to be a monthly expense I wasn't actually getting any use from when I wasn't resident.

I am pleased to learn I can reduce the potencia segment if I think 9.2 Kw is unnecessary once the switch as has been completed.

Thanks

You also have to remember that there is a difference between electricity distributors and electricity suppliers. The distributors consist of Endesa, Iberdrola, Gas Fenosa, EON and a few others with the main ones in this area being Endesa and Iberdrola.

The electricity suppliers, and there are many of them like Plenitude, Nordic, Siesta and so on  but they buy electricity from one of the distributors and get a rebate due to the amount which is passed on to the customer. The costs of distribution will be the same no matter which company you go with and the amount of power supplied will stay the same. The cost of electricity used will vary, though. 

If you have a contract for a set number of hours, you will stay on that tariff regardless of the ups and downs of electricity prices. With a contract you are on the regulated rate but without one you are on the free rate.

All well and good when prices go down but not so good when they go up. Not so long ago people on the free rate were getting bills of 150 to 200 euro a month plus, when the government allowed the gas companies who supply it to the electric distributors could claim the costs back when prices of gas went through the roof after the Russia/Ukraine kick off. Then some people were getting bills of some 250 euro a month whilst those on the regulated rate (on a contract with a distributor) found their bills going down as the government cut the amount of IVA.

My bills during these goings on actually dropped over 12 euro a month and, even when my contract ran out, the regulated rate stayed the same and the gas cap only added about 1 euro to my monthly bill.

Not saying this will be a regular occurrence but just one thing to keep in mind if you go to a supplier rather than a distributor who also supplies.

I'd rather stay with a company that I know what the approximate cost will be each month rather than being at the mercy of the markets even ifl at some periods, the distributor's costs seem a little higher.