The simple answer is yes!
We all know that Electricity in Spain is expensive (at time of writing € .18c per watt inclusive of IVA) and it is impossible to obtain a full breakdown from your energy provider of what appliances used what percentage of that bill thus making it hard to decide what to stop using/upgrade to more efficient technology. However, one percentage figure is accurate, and that is your traditional 1500w hot water electric boiler is responsible for around 50% of your monthly electricity bill, in fact, some experts have calculated it can be as high as 67%.
If we use an example of the average 200 litre traditional boiler supplying a family of four with all their hot water needs then based on a standard Endesa tariff you would be spending approximately €1.88 per day making a total cost of €56 per month.
By either retrofitting or installing a total replacement system from us using thermodynamics (that only use 550w) we can reduce your costs down to €18 per month giving you a saving of €38 per month! Thats a 67.8% saving of electricity costs in euros related to your water heating costs.
Taken as a percentage over your entire electricity bill its a 35% saving. This figure can increase to 40% where bigger tanks are deployed such as 500 litre or where your existing boiler is older than 10 years.
For more information or a personalised calculation please contact us.