The average electricity bill exceeds 100 euros in the month of October according to the OCU

The wholesale price of electricity continues to rise freely and the Government’s measures do not compensate.

An electricity bill in a file image.

Specifically, 100.7 euros. The electricity bill continues to rise and the Organization of Consumers and Users (OCU) denounces that the Government’s measures are being ineffective. “As in previous months, the strong increase in the price of electricity has canceled the measures that the Government has taken to try to reduce the bill,” they point out.

And all because the wholesale price of electricity continues to rise freely. Thus, in October, it stood at 204.09 euros Mwh. This is 31% more than in September, when it stood at 156.15 euros Mwh.

This is the fourth consecutive month in which the historical price record has been broken. This has been helped by the fact that, in two out of every three days, said price exceeded 200 euros Mwh. For this reason, the OCU demands exceptional measures.

Effect on pocket

It is consumers who suffer this disproportionate rise in the price of electricity. A) Yes, it rises to € 100.7 for an average household (4.6 kW of power and 292 kWh of monthly consumption) subject to the PVPC rate. It represents an increase of 13.2% compared to the invoice for September, which rose to 87.4 euros, according to OCU data.

The organization also highlights that, without the measures put in place by the Government, the average bill for October would have reached 132 euros. Let us remember that the Executive’s measures were the reduction of the electricity tax and a drastic downward revision of the system charges, and the reduction of VAT to 21% already applied since June.

In 2021, and according to the OCU, the accumulated invoice rises to 736.22 euros. In October 2020, consumers had paid 554.05 euros, which is 181 euros in one year (33% more).

The consumer organization considers that it is practically impossible to fulfill the Government’s commitment to pay this year, the same as in 2018 plus the CPI. In 2018, until October, the invoice reached 668, so to fulfill this commitment, the invoices for November and December should not exceed 50 euros, something unthinkable with current prices.