Voluntary Price for the Small Consumer (PVPC)

We publish the hourly electricity tariffs for users on the regulated tariff on a daily basis.

Precio voluntario para el pequeño consumidor (PVPC)

Calculation and publication of the PVPC

As of 1 January 2024, a new methodology for calculating the Voluntary Price for the Small Consumer (PVPC) is established, which affects the cost of energy associated with the regulated tariff detailed on the electricity bill.

In accordance with that set out in Royal Decree 216/2014, of 28 March, which establishes the methodology for calculating voluntary prices for the small consumer of electrical energy and the legal framework for contracting the PVPC scheme, Red Eléctrica publishes every day the hourly electricity tariffs that will be applied the following day.

Check the prices

We publish every day, at 8.15 p.m., the hourly electricity tariffs for the billing of the consumers under the 2.0 TD tariff.

Time bands of the PVPC

The PVPC, in the so-called 2.0 TD tariff, in force since 1 June 2021 replaces the three tariffs that existed until 31 May 2021 with a single tariff based on hourly discrimination and divided into different consumption periods throughout the day. The tolls and charges applied to the electricity bill vary according to the consumption period as follows:

The peak period,when such regulated tolls and charges will be higher.
The flat period, when the regulated costs have an intermediate impact.
The valley period, when such tolls and charges will be lower.

The regulated costs associated with these periods are applied to the energy consumed and contracted power capacity of the electricity bill of consumers signed up to the PVPC scheme nationwide, although in the case of the autonomous cities of Ceuta and Melilla, the applicable consumption time bands are displaced slightly.

Furthermore, the PVPC 2.0 TD invoicing scheme allows consumers to choose two different contracted power capacity periods depending on their consumption: one will be applied in the valley period and the other in the peak and flat periods.

Spanish Mainland, Balearic Islands and Canary Islands

	MONDAY TO FRIDAY	WEEKENDS AND BANK HOLIDAYS
Valley period	00:00-8:00	All day
Flat period	From 8.00 to 10.00 From 14.00 to 18.00 From 22.00 to 24.00
Peak period	From 10.00 to 14.00 From 18.00 to 22.00

Ceuta and Melilla

	MONDAY TO FRIDAY	WEEKENDS AND BANK HOLIDAYS
Valley period	00:00-8:00	All day
Flat period	From 8.00 to 10.00 From 14.00 to 18.00 From 23.00 to 24.00
Peak period	From 11.00 to 15.00 From 18.00 to 22.00

Frequent Asked Questions

How are the prices established?

The hourly price curve is the result of adding the cost of energy production, the payments for transmission and distribution tolls and the charges for the energy consumed.

As of 1 January 2024, in alignment with Royal Decree 446/2023 of 13 June, a new methodology for calculating the Voluntary Price for the Small Consumer (PVPC) is established in order to index it to forward energy market prices and reduce its volatility.

The production cost is made up of the hourly price resulting from the day-ahead energy market, operated by the Iberian Electricity Market Operator (OMIE), and an adjustment cost indexed to the prices of the energy futures markets (effective January 1, 2024). Additionally, prices also take into account the cost of the ancillary services managed by Red Eléctrica in its capacity as system operator, in addition to other costs considered under the current legislation.

Does the new regulation affect all electricity consumers?

No. It directly affects all those consumers signed up to the Voluntary Price for the Small Consumer (PVPC) scheme.

At present, it is estimated that there are around 29 million domestic consumers in Spain (94% of all electricity supply contracts), of which around 11 million are subscribed to the PVPC scheme.

How can I find out if I am included under the PVPC scheme? How can I sign up for the PVPC scheme?

On your electricity bill, in the part that refers to 'Contract details', the type of contract should indicate PVPC if you are subscribed to this type of contract. If it does not appear, you are not covered by this type of tariff, but you can contract it through one of the regulated market reference retailers listed by the National Markets and Competition Commission (CNMC).

If I have a PVPC tariff, what should my electricity bill look like?

If you are subscribed to the PVPC 2.0 TD scheme, the bill should include the following data:

A fixed energy cost, corresponding to the contracted power, i.e., the maximum amount of instantaneous consumption that is available to a user. This is also known as contracted power billing and includes a penalty factor if the power demanded exceeds the contracted power in any hourly period. This concept is always the same and is applied in the same way, whether you consume electricity or not.
Additionally, a variable part or section that reflects the total cost of the electricity consumed based on the hourly price of the PVPC 2.0 TD (energy consumed billing), which is measured, in most cases, through smart meters. The amount will depend on when and how much is consumed.
And lastly, the corresponding taxes.

Can I contract different power-capacity levels?

Yes. The current regulation allows consumers to contract up to two different power-capacity levels with their retail electricity supplier, one for the valley period and another for the peak and flat periods.

Current regulation

(Available only in Spanish)

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