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Thursday, May 26, 2022
HomeLatest NewsLet there be light on the electricity bill | Fernando Pastor's...

Let there be light on the electricity bill | Fernando Pastor’s opinion

There are serious doubts about the need to step up both the European Commission and all partners in the community in order for the “Iberian exception” to become a reality in the form of a limitation gas price in Spain and Portugal and, above all, the ability to announce every month throughout the year how well the electricity bill is doing compared to the tightness in the European market. Teresa Ribera and Pedro Sanchez have already received a rebate in a letter of agreement from Brussels so that the regulated rate (PVPC) of some ten million Spaniards does not exceed twice what they paid a year ago, when the prices, including compensation, to be paid to the electricity companies for income that will be lost if you sell your products with gas cheaper than on the European market.

The net balance for citizens compared to the prices currently paid in the “pool” is profitable and can reach discount from 15% to 30%, according to estimates Sanchez himself is already wearing in the Andalusian campaign, but that the energy companies will see their “profits falling from heaven” has its own nuances, no matter how triumphantly the minister wants to sell, especially if the companies they create their own law firms, no matter how unpopular they may be. If the minister and the president are now charging for something, then these are political arguments, with more or less demagogy, to “sell” their reduction in electricity and charge ink from those who go against it, although with delays, what will A should have a year has passed since he began to rise.

Apart from the direct effect on the controlled speed, the nebulosity of its achievements is greater. The remaining millions of citizens and companies that have entered into fixed price contracts with their marketers remain as they are, through renewal dates during the year in which the decree is in effect, to see how the bill, which in any case would also entail is an additional cost to be able to compensate the electric utilities for their cutbacks, with one important caveat: they must send data and term contracts as soon as possible, which are exempt from participating in the cutbacks, especially because with the financial play of their own “windfall profits” many of them would be worse off with the new calculation and have no interest in moving to a worse system. It was the minister’s big failure in the first decree against electric utility surcharges (which didn’t work) and in the subsequent amendment of the second, which has so far brought in ridiculous “profits” that don’t even reach the 10% of what was envisaged and condemned from the Ecological Transition. This must be the third time lucky and now the minister, with the approval of the Europeans, is going to demand marketing data, which until now she would never have believed. The heaps of data that you are going to get about the so-called PPAs can be added to the ones that came to CNMC for analysis and wound up the service due to lack of funds and knowledge to consider them, so that it would be easy that when this happens in a year, and the decree Ribera will cease to operate, we still continue to see the PPA in the market operator and in the supervisor, even if it is useless.

Question in pure Castilian style: Did you need so many baskets for this trip? We spent months on useless decrees and leonine negotiations that pushed us all over Europe into a scenario of military tension that no one knew about. After all, the decree, approved with Ribera’s stellar measure, bears an apostille that marks a commitment to change the tariff regulation of the most vulnerable so that they don’t suffer so much again from Putin’s blows to gas markets and electricity. And if they started doing this at the Ministry a year ago, when everything was just starting, wouldn’t they save time and money? Defend the regulated tariff and provide direct assistance to those in need with the energy tax adjustment, or part of the 16 billion that was spent on the measures as patches, could also be effective. And without having to wage war on the electric power companies. On the contrary, something could certainly be taken from them without causing legal wars, which we will have to pay for later.

Sharing knowledge and promoting transparency in energy markets should be the maxim to be taken into account in the crisis we are going through, even if it is only through learning, but neither the public nor the private part is able to do this.

On the one hand, the cost structure of large companies to convert gas, water or any other primary source of energy into electricity has always been one of the best-kept secrets of the oligarchic sector, which has always been controlled by three or four. As long as the receipt was cheap and social media didn’t exist, there were no problems. But electricity is now paid at the price of Russian caviar and information flows between consumers who cannot be fooled all the time.

On the other hand, it seems that there is no one in the administration who can ferret this “secret” out of the sector and choose solutions adapted to each income level in a service that is regulated and protected by the state. Moreover, the ministry itself is throwing thunder and lightning at the profits of the electric power companies that have fallen from the sky, but inside no one can calculate this amountespecially now that ordinary users, individuals, households, companies will again pay for it, or, as the technicians now say, to mislead public opinion, demand.

The day that the electric company or politician can clearly tell us how much we have to pay, why, who is going to take it, and what degree of increase or margin it has compared to the actual cost of the services we receive, it will be a miracle. And that the votes and/or clients were going to take them all.


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