Tocomocho and electric shocks: fraud in electricity rates
Yes: it is fraud prosecutor, although at first he seems thymus tomocho with current or electric shocks.
It is a fraud prosecutor, because in the end, the famous tariff deficit, that neither St. Peter knows what it is, just by paying via taxes, so its enrichment is a case of fraud, tax on a large scale. No turning back.
The fact is that power companies say they are charging the electricity below the price and temple, however, presented to the National Comisón Securities Market as succulent annual benefits that make them some of the values more stable and more via dividends profitable throughout the financial market.
Grace has two sides of the issue and know how to explain better than the other. I’m going to do with the notice:
On the one hand, utilities have segregated their division to generate their marketing division, so they claim to have generated benefits energy but selling at a loss, because the rates of the Government to agree to market below the actual price. This, of course, is a scam and a shame, because the generation of energy and selling processes are not separable. And if so, why not pay a fee to market price for water used in hydroelectric plants, which all, or used in wind farms, which also is everyone?
The grace of the matter, if you look, is that generating companies that they, sell electricity to marketers, they are also, by another name (I would say another collar) and that’s where the deficit is generated because the generators will sell at prices above the maximum price at which traders can sell. Is that a real deficit? Of course not. Cone is a case of financial well-known since ancient times, in which the various branches of the same company swell the bills that are passed together to translate the income statements from one side to another entity. And on top of a pagan who is demanding that deficit, then the joy of such celebrity is limitless.
Then comes the joke number two auctions.
Energy is a kind of auction pool bar called opaque Cesur . These auctions come marketers, but also and above all, financial institutions, which play to electricity prices pushing up just before the auction so that, once lowered the price dropped again quotes kilowatt pair sold to what is set at the auction and buy it at its real price, pocketing millions of dollars with this move amounts. So far, about 900 million euros, only 20% of the electricity that Spain imported from foreign markets.
I know it’s obtuse, with the new system of fees for a quarter the price is set at the auction. If the price is fixed for the quarter, for example, 10 cents a kilowatt, that’s the price you pay per kilowatt during that quarter. So make that price to rise before the auction up to 12 cents, you will pay each kilowatt to 12 cents during the quarter, but then drops to 9, two minutes after signing the contract. And if it goes down to 9, there is someone who buys energy on the open market at 9 and we sell it to us at 12, because that’s what we signed the contract.
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Tags: fraud in electricity, fraud prosecutor, marketing division,
Fraud Solicitor | Aaron Ehasz, 13 Oct 11