Time of Use Tariff
The Time of Use tariff is one that divides the day into three periods where energy can be cheaper or more expensive. From June 2021, the ones that have a variable price with time of use, will have three different periods: the peak period, where energy is the most expensive. The flat period, where energy is less expensive. And the valley period where energy is at its cheapest.
What is the Time of Use tariff?
The Time of Use tariff means keeping your eye on the clock and using electricity during the off-peak period to take advantage of the cheaper price.
With the Time of Use tariff, the day is divided into 3 periods with two different electricity prices.
- Peak period: The most expensive price.
- Flat period: A less expensive price.
- Valley period: The cheapest price.
Could I benefit from the Time of Use tariff?
The Time of Use tariff will suit you if you are able to plan and concentrate at least 60% or 70% of your electricity usage during the Off-peak period. If you don’t mind scheduling the use of your main electrical appliances for during the off-peak time, then this is your best option!
But if you prefer to live without time constraints...
In Holaluz we recommend you forget about the clock and let us be the ones who take care of helping you save on your electricity bill. With Holaluz’s Single-Price Tariff you pay the same price for your electricity 24 hours a day: a great value price so that you don’t get any nasty surprises when you receive your bill. And above all, you’ll have peace of mind knowing that we always offer you the option that best suits you. Even lowering the price whenever possible! That's how fair Holaluz’s electricity is 😉
With no Time-Of-Use Tariff: you pay the same all day long.
Prices valid from 01/01/2023. The new regulated costs are specified in the Orden TED/1312/2022) and the CNMC Resolution of December 15th 2022. Items that your bill always includes: meter rental, cost corresponding to energy benefits, VAT and electricity taxes. These prices do not include the cost of the adjustment mechanism in accordance with Royal Decree-Law 10/2022, of May 13. The tax for Canary Islands is called Impuesto General Indirecto Canario (IGIC). It's a 7% on the meter rental and a 3% on consumptions of businesses, self-employed and houses with power over 10kW. Lastly, it taxes with a 0% the consumption of houses with power below 10kW. On the other hand, in Ceuta and Melilla, they have the Impuesto sobre la Producción, los Servicios y la Importación de las Ciudades de Ceuta y Melilla (IPSI), which is an 8% of the service in Ceuta and a 4% in Melilla.
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