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Electricity companies

Posted: Fri Mar 6, 2026 10:37am
13 replies8 members subscribed
sharonclane

Posts: 10

Location: Mar Menor

Joined: 24 Apr 2024

Hi 

I have a holiday home in San Pedro.  At the moment i am with Iberdrola energy.  Initially i was on the stable plan, but as we are not always there at the off peak times i switched to the online plan.  I turn the electric completely off when i am not there.  However the bills still seem a litte high. I cannot seem to work out the bills does, anyone know what the standing charges are before you've even put a light on?  I did see a post a while ago about Octopus energy, but couldn't find it.  Are they still a good option to use? Any advise would be much appreciated.

Thank you

Johnny 57

Posted: Fri Mar 6, 2026 12:38pm

Posts: 59

3 helpful points

Joined: 14 Sep 2025

Posted: Fri Mar 6, 2026 12:38pm

I don't understand the billing system ether 3 months never used it 2 30 euros 

RichT

Posted: Fri Mar 6, 2026 3:17pm

RichT

Super helpful member

Posts: 1415

1629 helpful points

Location: Lorca

Joined: 13 Sep 2019

Posted: Fri Mar 6, 2026 3:17pm

If you check your bills, you will find that most of what you are paying is 'potencia', meter rental and then the tax and IVA (VAT) on those.

The 'potencia' is the cost to supply an amount of energy to the property, even if you don't actually use any. On the bill it is shown as 'capacity invoiced' and will be a rate in € x number of days (usually 30) x your potencia in kW. The most common Kw is 5.75, but some properties can be as low as 3.3, large properties can be 9+. My property has a potencia of 9.2 and my monthly potencia before tax is around €30, so, clearly, a potencia of 5.75 would be around €20 and one of 3.3 would be around €10. These will rarely differ from supplier to supplier, as they are set by the distribution company, not the supplier.

If you turn your electricity completely off when you are not there, then this is all you will pay (you imply that you don't have an alarm or leave a fridge or freezer turned on).

The good news is that electricity charges are forecast to decrease in Spain this year.

Hope this helps!


Johnny 57

Posted: Fri Mar 6, 2026 3:58pm

Posts: 59

3 helpful points

Joined: 14 Sep 2025

Posted: Fri Mar 6, 2026 3:58pm

RichT wrote on Fri Mar 6, 2026 3:17pm:

If you check your bills, you will find that most of what you are paying is 'potencia', meter rental and then the tax and IVA (VAT) on those.

The 'potencia' is the cost to supply an amount of energy to the property, even if you don't actually use any. On the bill it is shown as 'capacity invoiced' and will be a rate in € x number of days (usually 30) x your potencia in kW. The most common Kw is 5.75, but some properties can be as low...

... as 3.3, large properties can be 9+. My property has a potencia of 9.2 and my monthly potencia before tax is around €30, so, clearly, a potencia of 5.75 would be around €20 and one of 3.3 would be around €10. These will rarely differ from supplier to supplier, as they are set by the distribution company, not the supplier.

If you turn your electricity completely off when you are not there, then this is all you will pay (you imply that you don't have an alarm or leave a fridge or freezer turned on).

The good news is that electricity charges are forecast to decrease in Spain this year.

Hope this helps!


Thank you 

Eamonn

Posted: Wed Mar 11, 2026 10:27am

Posts: 12

4 helpful points

Location: Bolnuevo

Joined: 21 Feb 2021

Posted: Wed Mar 11, 2026 10:27am

Use this link and hopefully you will adopt ‘Octopus’ as I did -definitely worth looking at.


[email protected]

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SteveeX

Posted: Wed Mar 11, 2026 12:54pm

Posts: 40

25 helpful points

Location: Murcia City

Joined: 7 Mar 2022

Posted: Wed Mar 11, 2026 12:54pm

I would add to this that Iberdrola include an insurance charge of around €10 per month (see the bottom of your bill) to cover repair/replacement for electrical items in your home. This is included by default but it is not mandatory and you can ask to have it removed if you feel it is not needed. 

JosDC

Posted: Wed Mar 11, 2026 2:21pm

Posts: 42

19 helpful points

Location: Los Alcázares

Joined: 6 May 2019

Posted: Wed Mar 11, 2026 2:21pm

RichT wrote on Fri Mar 6, 2026 3:17pm:

If you check your bills, you will find that most of what you are paying is 'potencia', meter rental and then the tax and IVA (VAT) on those.

The 'potencia' is the cost to supply an amount of energy to the property, even if you don't actually use any. On the bill it is shown as 'capacity invoiced' and will be a rate in € x number of days (usually 30) x your potencia in kW. The most common Kw is 5.75, but some properties can be as low...

... as 3.3, large properties can be 9+. My property has a potencia of 9.2 and my monthly potencia before tax is around €30, so, clearly, a potencia of 5.75 would be around €20 and one of 3.3 would be around €10. These will rarely differ from supplier to supplier, as they are set by the distribution company, not the supplier.

If you turn your electricity completely off when you are not there, then this is all you will pay (you imply that you don't have an alarm or leave a fridge or freezer turned on).

The good news is that electricity charges are forecast to decrease in Spain this year.

Hope this helps!


>> The potencia is the fixed cost to supply a choosen max amount of energy to the property, even if you don't use any. 

>> "The potencia tariff will rarely differ from supplier to supplier, as they are set by the distribution company, not the supplier."

There is now also an important concurrential difference in potencia tariffs. If you have low yearly electricity consumption (because limited holiday visits) you can gain most by choosing the supplier with a low potencia tariff !!

RichT

Posted: Wed Mar 11, 2026 2:48pm

RichT

Super helpful member

Posts: 1415

1629 helpful points

Location: Lorca

Joined: 13 Sep 2019

Posted: Wed Mar 11, 2026 2:48pm

JosDC wrote on Wed Mar 11, 2026 2:21pm:

>> The potencia is the fixed cost to supply a choosen max amount of energy to the property, even if you don't use any. 

>> "The potencia tariff will rarely differ from supplier to supplier, as they are set by the distribution company, not the supplier."

There is now also an important concurrential difference in potencia tariffs. If you have low yearly electricity consumption (because limited holiday visits) you can gain most by choosing the supplier with a low potencia tariff !!

You state: "There is now also an important concurrential difference in potencia tariffs. If you have low yearly electricity consumption (because limited holiday visits) you can gain most by choosing the supplier with a low potencia tariff !!" 

This is incorrect.

The potencia is the maximum amount that you can draw at any one time, it is not cumulative. This is explained below:

If your potencia is 5.75kW, for example, then you may trip your main fuse if you have an oven on (1.5 kW), some air-con on (say 3 kW) and then turn on a kettle (3 kW). Your appliances will try to draw 7.5 kW, but your potencia is only 5.75 kW, so your main fuse or other fuses may trip.

Hope this helps!

JosDC

Posted: Wed Mar 11, 2026 3:33pm

Posts: 42

19 helpful points

Location: Los Alcázares

Joined: 6 May 2019

Posted: Wed Mar 11, 2026 3:33pm

RichT wrote on Wed Mar 11, 2026 2:48pm:

You state: "There is now also an important concurrential difference in potencia tariffs. If you have low yearly electricity consumption (because limited holiday visits) you can gain most by choosing the supplier with a low potencia tariff !!" 

This is incorrect.

The potencia is the maximum amount that you can draw at any one time, it is not cumulative. This is explained below:

If your potencia is 5.75kW, for example, then you may trip your main fuse if you have an oven on (1.5 kW), some air-con on (say 3 kW) and then turn on a kettle (3 kW). Your appliances will try to draw 7.5 kW, but your potencia is only 5.75 kW, so your main fuse or other fuses may trip.

Hope this helps!

That is not what I meant! Read my post correctly.

For the same potencia, there are different market TARIFFS.

Today for my 5,75kW:
- Iberdrola online: 0,166€/kW/day
- Octopus Relax: 0,124€ which is 25% less,
or - for my 5,75kW - on yearly basis a difference of 87,50€. 

RichT

Posted: Wed Mar 11, 2026 3:56pm

RichT

Super helpful member

Posts: 1415

1629 helpful points

Location: Lorca

Joined: 13 Sep 2019

Posted: Wed Mar 11, 2026 3:56pm

JosDC wrote on Wed Mar 11, 2026 3:33pm:

That is not what I meant! Read my post correctly.

For the same potencia, there are different market TARIFFS.

Today for my 5,75kW:
- Iberdrola online: 0,166€/kW/day
- Octopus Relax: 0,124€ which is 25% less,
or - for my 5,75kW - on yearly basis a difference of 87,50€. 

My point was / is that 'low yearly electricity consumption (because limited holiday visits)' is irrelevant as the potencia is charged as the tariff multiplied by the constant maximum (e.g. 5.75 kW) multiplied by the number of days of the billing period. The amount consumed does not form part of this equation...

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