SPAIN'S ELECTRICITY PRICES HAVE SKYROCKETED, AND RESIDENTS HAVE BEEN ENTHUSIASTIC ABOUT INSTALLING HOUSEHOLD PHOTOVOLTAIC + ENERGY STORAGE
Spain's electricity prices have skyrocketed, and residents have been enthusiastic about installing household photovoltaic + energy storage. The cost can be paid back in 5 years, and the installation volume has skyrocketed!
Since 2021, Spanish energy prices have continued to rise. On October 7 this year, the electricity price rose to 288.53 euros per MWh, setting a historical record. This price is also nearly 7 times the electricity price of the same period a year ago. The soaring electricity bill has had a huge impact on the lives of ordinary people.
Since 2018, electricity bills in Spain have risen by an average of nearly 12%. According to data from the consumer association FACUA, under a widely used electricity price, electricity bills in the first two weeks of November have increased by 50% over the same period last year.
The Spanish renewable energy trade organization APPA said that if the price remains at the current high level, household solar systems can save 40-60% of electricity bills every year. APPA said that government subsidies of about 900 million euros, coupled with local tax relief, this cost will be recovered within five years, the recent surge in installations.
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