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Home News Spain

Spain and UK among four countries where electricity prices quadrupled in 2021

by Francesco Mazzagatti
January 20, 2022
in Spain
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Wholesale electricity prices in Spain went through the roof last year due to a rise in gas prices and increasing European CO2 emission charges

Electricity prices quadrupled in Spain, France, Germany and the UK in 2021, compared to the previous five years, due to soaring gas prices and the cost of CO2 emission allowances.

 

 

According to the International Energy Agency (IEA), the hike was widespread across all major advanced economies, with prices rising by 64% compared to the baseline period, but nowhere was it as exaggerated as in Western Europe.

 

 

In its half-yearly report on electricity markets published last Friday, the IEA notes that in the last quarter of 2021, wholesale electricity prices in Nordic countries were almost three times higher than in the same three months of 2016-2020.

 

Meanwhile, in the US and Japan, price rises in the fourth quarter reached 75% and 80%, respectively. In Australia, the increase reached 174% in the second quarter due to coal shortage problems, but these were resolved resulting in a 50% decrease until the fourth quarter.

 

In addition to price increases, electricity demand grew worldwide last year.

 

After falling slightly in 2020 due to the pandemic crisis, global electricity demand in 2021 grew by 5.7%, the largest single-year increase since 2010, with China accounting for half of the increase in consumption growth.

 

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C/ Marie Curie 24 1º (Eche Parque Industrial) – 03206 Elche – Espana

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Grupo Sia offers you the chance to save up to 65 per cent on electricity bills in the Costa Blanca and the Costa Cálida, specializing in the installation of solar panels so that you can enjoy clean, sustainable, high-performance energy in your home or business premises.

Grupo Sia solar power installationsThe advantages of photovoltaic energy mean that solar panels can help you reduce energy consumption, produce you own energy and obtain better electrical performance: for homeowners the gains are obvious, while in business the lower energy costs today make companies more competitive, enabling them to use the electricity supply in a sustainable way and without eating into profit margins.

Grupo Sia solar power installationsEnergy is generally costly in Spain, since despite the potential of solar power the country imports a high proportion of its energy from abroad. This can result in uncomfortably high monthly bills for both homeowners and businesses, with Spain being the eighth most expensive country in which to use electricity in the whole of Europe.

But in the medium to long term, solar energy goes a long way towards providing a solution, with the climate favouring this green, clean, sustainable energy source.

In addition, if your solar panels generate more energy than you use you can either store it for future use or sell it back to the electrical grid.

Grupo Sia solar power installationsBut before installing solar panels it is vital to receive the best possible advice on what type of installation and panels are most convenient for you, and Grupo Sia guarantee that with over 20 years of experience in the sector they can offer you the optimum solution. Grupo Sia take care of the entire installation project, first carrying out a personalized economic and technical analysis adapted to each customer’s needs and then completing employing professional engineers and technicians to complete the installation.

They also look after all of the paperwork, ensuring that everything is fully legally registered and making sure that all electrical connections are operative and in perfect working order, be it at country houses, other private homes, apartment buildings, residential communities or business premises.

Grupo Sia solar power installationsSolar panels can represent an important investment, but the costs can be made extremely manageable by financing the procedure for as little as 3 euros a day.

And once your panels are installed, Grupo Sia also offers regular solar panel maintenance in order to ensure continued quality performance, with a repair, replacement and cleaning service guaranteeing 100 per cent functionality.

Grupo Sia solar power installationsIn these changing times Grupo Sia also offers electric car charger installations for all models and brands, either in private or community garages, including the corresponding permits.

Contact Grupo Sia now for further information and to request a budget tailored to the needs of your home or business, throughout the Region of Murcia and the province of Alicante: English is spoken!

 

Source: Murcia Today

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