How does the gas cap of RDL 10/2022 affect your electricity bill?

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How does the gas cap of RDL 10/2022 affect your electricity bill?

How does the gas cap of RDL 10/2022 affect your electricity bill?


Energy Sector Bills 6


As a result of Royal Decree-Law 10/2022, in force since May 15, 2022, a production cost adjustment mechanism has been urgently and temporarily established to reduce the price of electricity in the wholesale market .

The mechanism commonly called "gas cap" is a temporary measure that will last 1 year from its approval, until May 2023 at the latest.

What is the “gas cap”?

The “gas cap” is an adjustment mechanism that finances a part of the gas price, thus limiting the price of gas and reducing the price of electricity on the wholesale market in the wake of the war in Ukraine.

This measure will be financed by all consumers under the conditions of Royal Decree-Law 10/2022.

Which consumers are affected by the adjustment mechanism?

The adjustment mechanism will affect all contracts indexed to the wholesale price and fixed-price contracts whose offer is equal to or greater than April 26, 2022, and whose supply is in the Iberian Peninsula.

When will I see that item on my bill?

This concept will be applied to electricity bills issued as of June 15, 2022. This cost will appear on the bill separately from the rest of the concepts and will appear on a line on your bill as “Royal Decree-Law Adjustment Mechanism 10/2022”.

How long will the adjustment last?

As it is an urgent and temporary measure, it applies from June 15, 2022, with a duration of one year from its approval, until May 2023 at the latest.

Sources:

  • The Madrid Cooperative Current
  • Deloitte

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