The price for 1kW power is not the same for all electricity users and depends on the power rating established by your electricity company and on the chosen tariff. For those reasons, it is impossible to determine the exact price for 1 kW of power in Spain but you will certainly find such information on electricity bills. The price set by the government is 0.124107 euro for one kW and it may differ from the rates offered by private companies.
It is important to know the cost of 1 kW of power when you choose your tariff because the consumption of energy is usually similar, but the rates for 1 kW can have a considerable impact on the final sum on the bill. That is why it is always advisable to compare prices of tariffs of electricity before you decide to change your supplier. Besides, every electricity user can easily determine the cost of electricity consumption of every appliance in the household. You just have to multiply the power of the appliance by the 1kW price established by your supplier. It is equally crucial to know different ways of saving electric energy, which are recommended for all the users.
The energy sector in Spain generates around 5% GDP and is an essential element of working of all the economy branches because, without electricity, it would be impossible to offer any kind of products or services. Unfortunately, over the past two centuries, the energy sector in Spain mainly distinguished itself by the shortage of energy resources. This led to a national energy deficit which resulted in dependence on other countries. In 2008 energy self-sufficiency in Spain was around 25%. Since 2002 Spain's energy demand has been growing (about 3.5% a year), with minor changes, such as in 2003, when the noted growth was nearly 7%. The annual energy consumption in 2002 was 211,500 GWh but in 2006 it increased to 253,600 GWh. In 2008 50% of the energy produced in Spain was nuclear power, 15% was from fossil fuels (coal), 6% from mechanical energy from water and 29% from other sources of renewable energy.
Spain is also one of the largest producers of wind power in the world after the United States, Germany and China. It should be noted that in 2005 Spain produced more wind energy than hydroelectric energy. In 2010 hydroelectric energy production was 2220 MV and that was the second largest generation of hydroelectric power in the European Union, right after Italy. In recent years there has been a gradual advancement in solar energy and in 2013 the total power of the photovoltaic panels in Spain was 4381 MN. An interesting fact is that in the report by Ernst and Young from 2008 Spain was listed as the fifth most attractive country in the world in terms of investment potential in renewable energy sources.
