Iberdrola announces 15% reduction in electricity bills in 2023 – Energy

After the electricity price proposals of Galp, Endesa and Goldenergy (which undertake to maintain or lower prices) and by EDP Comercial and ERSE for the regulated market in 2023 (which will increase customer bills) have already been known, this Friday at the fair it is the turn of the company Spain’s Iberdrola to announce that next year it expects to reduce its customers’ spending on electricity bills by 15% on average.

Electric explains that this reduction “applies only to energy components and access costs, excluding taxes, fees, and other amounts normally determined by the state.” After all, Iberdrola calculates that for a family of two and an average consumption of 1,900 kWh, a revision of the values ​​would correspond to an average decrease of five euros per month, before fees, taxes and other costs. The Company guarantees that it will also retain all discounts associated with contracts already in force.

Iberdrola thus ensures that it is “in a position to ensure stability and predictability to consumers in the context of inflation and geopolitical uncertainty in Europe”, despite the fluctuating cost of purchasing power. He emphasized that this 15% decrease is related to the recent proposal to reduce the network access tariff for the year 2023, by ERSE, as well as to the company’s “continued commitment to developing green energy production infrastructures”. “With prices effective from January 1, 2023, Iberdrola offers its customers security in the event of instability that dominates the energy market. This measure is due to a deregulated market the strength and competitiveness expected from it that benefits consumers along with Iberdrola’s priority investment in the energy market,” said Rui Afonso. , General Manager of Iberdrola Clientes Portugal The energy transition and decarbonization of the economy, we do not ignore the immediate needs of consumers.