When we talk about the prices of light in Spain, talk about one of the greatest mysteries of the country economic. The government sets an opaque mechanism that only a few “privileged” are able to understand and comprehend and there are never public data 100%.
Globalization and financial speculation do the rest. Most “funny” is the price you pay for the next quarter by light user in any town from Spain decided yesterday in Manhattan financial, la City o Fráncfort.
In Spain there 28.000.000 Light Contract. Next to 20.000.000 continue with the regulated tariff which fixes the Official Gazette (BOE). Is the Last Resort Rate (TOUR), which is reviewing these days. The rest are free contract deals dependent electricity companies, Deals influenced by the official price of TUR.
The price includes taxes and light energy. Taxes are determined by the government and the price of energy is theoretically the cost of producing the light, which theoretically, this shall be fixed by the law of supply and demand in the free market production ³ n light. Well….. s nothing more far from reality….., in the practice is a very complicated and confusing market in which mixture “all….” Intrade markets-the (purchases and sales in the decade-a), future contracts, or financial derivatives to hedge risks……). The first great mystery, taxes comprise almost 60%!!!!!!!, and bear a 40%. Nobody knows out why © ³ is well established……., although the percentages vary when the government has interested you dampen the rise of light…..causing “seismo” dà © deficit rate which currently approximates the 30.000.000.000 euros, Do you © n Who will pay them…..?
The government, to calculate the cost of energy-a, used as a reference the auction Cesur, in Cesur, a company agrees to sell, a price X, electricity distributors to light that they need for their customers TUR (últimmo recursp) in the next quarter. That company will gain if, then, buy that cheaper electricity. Like any futures market, the speculative component is a key part of the game and. To make the auction more agile, Blind held (participants do not know who his opponent) y por Internet. Almost all these companies are groups based outside Spain, ie brokers in an office, financial institutions or groups specializing in financial derivatives and commodity trading, acting mouse to blow thousands of kilometers, from the City, Manhattan, Frankfurt to Paris.
ALMOST NOTHING……….