Which gas rate is cheaper
When contracting your gas rate with a marketer, you can take advantage of free price or regulated price. This last case is possible if you have a maximum consumption of 50,000 kWh per year. That’s where the Last Resort Rate or TUR, which is a gas rate regulated by the Administration. If you consume less than that amount, you can hire it and it will be the cheapest.
This is a price set by the wholesale market and changes every three months. It is therefore based on supply and demand. But there is not a single modality, but there are three depending on the consumption and the needs of the clients. They are the following:
- TUR up to 5,000 kWh per year: it is for homes with hot water or gas cooking
- TUR from 5,000 to 15,000 kWh per year: homes with gas heating
- TUR from 15,000 to 50,000 kWh per year: households that consume more for having gas heating, water and cooking
The price is variable every three months, but currently it is as follows:
- TUR 1: €6.58 per month for the fixed term and €0.057 kWh for the variable term
- TUR 2: €12.38 per month for the fixed term and €0.052 kWh for the variable term
- TUR 3: €26.61 per month for the fixed term and €0.049 kWh for the variable term
Comparison with the free market
We have explained the price of the different TUR or Last Resort rates, which are going to be the cheapest, but we want to make a comparison with the free market. Here we are going to name Naturgy, Repsol and Iberdrola for being some of the main ones. In this way you can have a brief comparison in prices and know which one compensates you more.
If we start with naturgy, your rate for Use in less than 5,000 kWh per year is €6.448 per month in a fixed term and €0.158383 kWh in the variable term. In the case of 5,000 to 15,000 kWh per year, it goes to €11.525 in a fixed term and €0.161622 kWh in the variable term. Finally, between 15,000 and 50,000 kWh it costs €23.288 per month for the fixed term and €0.160915 kWh for the variable term. You can see it on their website.
Next in comparison is Iberdrola and your Home Gas Plan rate. In this case, the fixed term for less than 5,000 kWh per year is €6.74 and the variable term is €0.31692323 kWh. If we go to the rate from 5,000 to 15,000 kWh, the price is €13.53 and €0.3266032 kWh, respectively, while the rate from 15,000 to 50,000 kWh goes to €26.05 and €0.32599822 kWh. Prices are listed on their website.
The third rate that we want to show is the Repsol. The first, less than 5,000 kWh per year, has a price of €7.8408 in the fixed term in its Gas & More rate and €0.262860 variable kWh. The rate from 15,000 kWh per year changes to €13.794 per month in a fixed term and €0.26286 kWh in a variable term. You can see the prices on the Repsol website.
As you can see, there are important differences between contracting one rate and another. You can save money on your gas bill if you analyze what pays more in your case and take into account the different options available.