Evolution of the price of electricity: a constant rise

In the last year, we have been experiencing, at a global level, a serious energy crisis, together with strong inflation, which causes high prices in practically all sectors.

Undoubtedly, the price of electricity is and has been the protagonist of a lot of news, since it is constantly at historic and unsustainable prices for families and companies.

In this article we are going to analyze The evolution of the price of electricity to understand where we are heading.

August, the 2nd most expensive bill in history

Although this August, a measure was implemented to limit the price of gas and thus, the price of electricity, the prices reached on the electricity bill have been record high. Why? Because the measure has only affected the wholesale price, and not the PVPC rate (Voluntary Price for Small Consumers).

This is why this month the average household bill has risen to 130€, 14% more expensive than in the month of July, which stood at 114€. A cost that would have reached 151€ if it weren't for the limitation in the price of gas.

If we look at the historical framework of the electricity bill, this month of August was the 2nd most expensive bill in history, surpassed only by the bill for the month of March 2022, which reached 143€.

Analysis of the price of electricity in recent years

In February 2021, the lowest price of electricity in recent years was collected, with an average bill of 55€. Since then, the electricity bill has continued to increase month after month, surpassing the 100€ barrier in 2022.

Undoubtedly, prices in the last year have been unsustainable for many families, with very high bills that make the end of the month a problem for many.

In addition, if we look at the history, We are a long way from returning to 2020 prices, where the most expensive month was December, with an average of 60€.

What solutions are there for this energy inflation?

The picture that is presented remains complicated when it comes to energy. The price of electricity is rising and as shown by the data, and it is a fixed trend, since the way of producing energy is unsustainable and increasingly expensive.

However, enough organizations and families are starting to bet on renewable energy as the only viable option for the future of energy. For example, the solar panels they allow you to reduce your electricity bill by up to 70% each month, in addition to making your home profitable and without being a threat to the environment.

We are at a point of energy reflection, where it is still difficult to give up conventional energy, even if it involves great inconveniences. But it's only a matter of time before a transition to renewable energy takes place.