Wash, core and cut the peppers into strips. Chop the garlic very finely. Cut the onions into sixths and cut the peeled potatoes into pieces approx. 2 cm in size. Peel the chorizo and cut into slices.
Heat 2 tablespoons of olive oil in a large saucepan. Fry the peppers over a high heat for 2-3 minutes and take them out of the pot. Add the onions and chorizo to the saucepan and fry for 1-3 minutes. Add the garlic and fry briefly. Add the potatoes, 1 capsule of ground saffron and 1 bay leaf and pour in the broth. Bring everything to a boil and cook over medium heat for 15-20 minutes. Add paprika and cook for 3-5 minutes. Season to taste with coarse sea salt and pepper.