​Spain reduces the electricity prices for households thanks to the new "Iberian derogation" measure

The European Union has approved state measures in Spain and Portugal to reduce the price of electricity and put limits on electricity bills. This agreement has been known as the "Iberian derogation", as it aims to free the countries of the Peninsula from energy isolation, reducing the price of electricity by between 15 and 20%.

What does the new "Iberian derogation" energy measure consist of?

This new formula, recently approved in Brussels, will allow a gas cap set at 40 euros per megawatt/hour for the first 6 months. After the seventh month, it will gradually increase to an average of 48 euros.

The gas cap will help to halt the upward trend in prices and stabilise them over the next 12 months, from June to May. The megawatt hour will fall from around 210 euros to 130 - 140 euros.

This temporary measure will be reflected in the electricity bill, paying 15-20% less and achieving greater savings in electricity consumption in thousands of homes and businesses in Spain.

When will the "gas cap" come into force in Spain?

The new state measure to reduce electricity prices in Spain will come into force on Wednesday 15 June 2022 and will remain in force until May 2023.

Who benefits?

The reduction in electricity bills will be applied across the board, so it will benefit all consumers. Homes in Spain will be able to benefit from this measure and enjoy a better quality of life.

Do you have any doubts? Contact VINCENT REAL ESTATE - Real Estate Agents in Benijofar, Spain

At VINCENT REAL ESTATE we will be happy to answer any questions you may have. We understand that buying a property in another country is a very important step and that there are many factors to consider, among them, the price of electricity.

In our Real Estate in Benijofar (Alicante) we cover the area of the Costa Blanca South, one of the sunniest and most envied, with more than 320 days of sunshine a year and exceptional temperatures.

Our houses are very bright, with an excellent energy rating, which will allow you to save even more on your electricity bill, as well as enjoying life on the terraces. If you need more information, do not hesitate to contact us at any of our offices:

BENIJOFAR OFFICE

Avda. Federico García Lorca, 37 Benijófar (Alicante)

Phone ES: (0034) 966 712 440

Phone UK: +44 (0) 2080998 997

ORIHUELA COSTA OFFICE

Calle Niágara, Edif. Miraflores III - Local 6,7 Playa Flamenca - 03189 Orihuela Costa

Phone ES: (0034) 965 326 606

Phone UK: +44 (0) 203 0048990