Electricity Indexed Rate
Pay for electricity at wholesale price
Consumption Indexed Rate
Would you like to pay for the energy your business consumes at a wholesale price? If you really want to save on your electricity bill, take note of all the advantages offered by our “Indexed Rate” electricity rate.
The Audax Renovables Indexed Rate is aimed at all professionals, businesses and premises, with an annual consumption greater than 5,000 kWh who want to pay the price of electricity based on the amount established in the wholesale electricity market.
For consumers whose contracted power is less than 15 kW (they are usually individuals and businesses), three consumption periods are established, the price of which will vary depending on the time and day. Now the timing of your consumption is more important, so try to make your consumption occur in the cheapest period, the so-called Valley Period.
If your contracted power in any period is greater than 15 kW, you will have 6 periods.
New tolls - Download here Explanatory document Circular 3/2020
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What does indexing the rate consist of?
It consists of paying a variable price for the electrical energy consumed. In this way, with the Indexed Rate for electricity, the consumer accesses the free market and pays for the energy of their business at cost price plus a small management margin.
With this rate you will pay for energy every hour at the real price at which it is being sold in the electricity market and you will avoid paying the risk premium associated with any fixed rate throughout the contract period.
Benefits of the Indexed Rate for businesses and premises
The main advantage of this rate is the savings that you will notice on the electricity bill of your business or premises. Remember that you can adapt consumption to take advantage of the hours when electricity is cheaper and, at the same time, avoid the risk premium of fixed rates.
This rate allows you efficient and optimized energy management that you will notice from the first month.
- Pay for each hour what electricity costs, thus maximizing savings.
- Pay for energy at wholesale price.
- Avoid the risk premium associated with fixed rates.
Components of the Indexed Rate
With the Indexed Rate for children, you must take into account the two components of the bill that are key to understanding the consumption and cost of this rate:
- Power term: it does not vary depending on consumption, it is a fixed cost per day billed. This is the price you pay for the electrical power contracted for your business or premises. It is measured in kW. Depending on your business, you will need to hire more or less power. For example, the more contracted power, the more electrical appliances you can have on, but the more you will pay. In summary, the power term will be marked by the electrical power subscribed with the marketer and its price.
- Energy term: in the Indexed Rate the price of energy is paid based on consumption and the price/hour established in OMIE (Iberian Electricity Market Operator), plus a small management commission for the marketer. In this way, energy is paid every hour at the price that is actually being sold in the wholesale electricity market. This avoids paying, throughout the contract period, the risk premium associated with the entire Fixed Rate.
INDEXING FORMULA
(1) INDEXED PRICE: The amount of the monthly price of the energy term will be made at the hourly level. The hourly price calculated according to the following formula will be multiplied by the consumption at the border point at the customer's hourly level based on the hourly profile as established in the General Conditions of the Contract. Additionally, a Financial Cost of 1.1% will be applied to all components of the contract, including VAT or IGIC.
PEh= [(PMDh+COSh+PC3h+CDh)*(1+Losses)+ GOh] * 1,015 + PaEh
Where:
PEh = Hourly energy price
CDh = Cost of energy scheduling deviations
PMDh*= Daily market price (OMIE)
PC3h = Financing payments for capacity (Regulated cost)
COSh = System operator costs (REE) + OS and OM Remuneration + Energy Efficiency Fund + Marketing Charges (CC**) + Cost of guarantees of origin in c€/KWh, public quotation reference (GdO).
PaEh = Energy term of the access toll + Energy Efficiency Fund + Marketing Charges (CC**)
GOh = Operating Expenses
*In SEIE for the SEIE hourly price for marketers (except CUR)
**CC: €0.0019/kWh 2.0TD rates with contracted power ≤10kW, €0.0007/kWh 2.0TD rates with contracted power >10kW and €0.00055/kWh at 3.0TD and 6.1TD rates.
I want to contract the Indexed Rate
If you want to pay the price of energy at market price, the Indexed Electricity Rate is the one that best suits you.
It is important that you are clear about the following points:
- The duration of the contract is 12 months. Yes, our contracts are permanent, since it precisely helps us to offer you better prices.
- At Audax Renovables we manage and make purchases in the Spanish Electricity Market with absolute transparency. The customer, in addition to paying for electricity based on the market price, must pay a small margin to the supplier for management purposes. This will be specified in your contract.
Hire the Audax Renovables Indexed Rate for your home right now and pay for electricity according to the price established in the electricity market!
