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The high price of electricity in Spain is due to inappropriate price regulation. The design of mechanisms to establish the cost of electricity for consumers does not reflect the cost of the energy mix but the price established in an "energy only" market for coal and gas thermal power plants. This price is insufficient to cover the average costs of renewable plants and thermal power plants. However, while this is insufficient for certain power plants, it is seen to be excessive for others. The situation is such that it may now be stated that the high price of electricity and the Tariff Deficit are the result of the cheap energies rather than the expensive energies. [ABSTRACT FROM AUTHOR]