Voluntary Price for the Small Consumer (PVPC)

From 1 April 2014 onwards, small consumers (with a power supply of less than 10 kW) may remain in the regulated market with the new system called the Voluntary Price for the Small Consumer (PVPC in Spanish), with no need to do anything on their part.

This new system for setting the price for consumers takes into account the cost of generating electricity, tolls and the corresponding retailing costs.

The cost of producing energy is calculated on the basis of the hourly price of the daily and intraday markets managed by OMIE during the invoicing period. In addition, this cost will incorporate other technical management processes involving the System Operator.

Within this context, and for illustrative purposes, there follows a detail of the daily and intraday market prices, as well as the volume of energy traded.

Specifically, according to the regulation that lays down the method for calculating the PVPC, the results of the daily market and of the first session of the intraday market are used to calculate what is referred to as the Average Hourly Price (Pmh), which does not include any other cost or losses.

For more information, see the section Market Results – Daily Scope - Average final price – Average hourly price for the calculation of the PVPC.