these are the most expensive and cheapest hours
The price of tomorrow’s light tuesday november 1 will fall 17% after October says goodbye with the flower energy acture since September 2021. Behind this monthly fall is the decline that gas has experienced, with days in which the compensation has been zero, but it seems like a mirage, since prices like this have not been seen for a year. At that time the war had not yet broken out in Ukraine, but the inflationary scenario was already a reality that autumn, in which the rise in electricity and fuel prices caused prices in Spain to rise to their highest level since 1992.
Now in 2022 the price of electricity in homes in Spain has risen 32.2% during the first semester, an increase of more than double the points that those registered, on average, by the group of countries of the European Union ( 13%) compared to 2021. Today, October 31, the price became up to 20% more expensive, but on the first day of November he wanted to start the month giving a break with an average cost of 136.49 euros/MWh.
In the auction, the average price of electricity in the wholesale market -the so-called ‘pool’- stands for this Tuesday at 110.32 euros/MWh. At this cost it add the compensation to the gas companies 26.17 euros/MWh that has to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, must renew their contract.
The most expensive and cheapest time
During tomorrow, Tuesday, November 1, 2022, the most expensive time slot will take place between 9:00 p.m. and 10:00 p.m. with a cost that exceeds the barrier of 200 euros: 204.77 euros/MWh. The cheapest will be the one that takes place between 11:00 and 12:00 with 102.07 euros/MWh.
From 00:00 to 01:00: 162.87 euros/MWh.
From 01:00 a.m. to 02:00 a.m.: 150.25 euros/MWh.
From 02:00 a.m. to 03:00 a.m.: 127.36 euros/MWh.
From 03:00 a.m. to 04:00 a.m.: 127.22 euros/MWh.
From 4:00 a.m. to 5:00 a.m.: 124.97 euros/MWh.
From 5:00 a.m. to 6:00 a.m.: 121.85 euros/MWh.
From 06:00 a.m. to 07:00 a.m.: 124.55 euros/MWh.
From 07:00 a.m. to 08:00 a.m.: 124.25 euros/MWh.
From 08:00 a.m. to 09:00 a.m.: 123.97 euros/MWh.
From 09:00 a.m. to 10:00 a.m.: 121.31 euros/MWh.
From 10:00 a.m. to 11:00 a.m.: 111.37 euros/MWh.
From 11:00 a.m. to 12:00 p.m.: 102.07 euros/MWh.
From 12:00 a.m. to 1:00 p.m.: 105.86 euros/MWh.
From 1:00 p.m. to 2:00 p.m.: 99.66 euros/MWh.
From 2:00 p.m. to 3:00 p.m.: 100.27 euros/MWh.
From 3:00 p.m. to 4:00 p.m.: 106.81 euros/MWh.
From 4:00 p.m. to 5:00 p.m.: 122.84 euros/MWh.
From 5:00 p.m. to 6:00 p.m.: 153.31 euros/MWh.
From 6:00 p.m. to 7:00 p.m.: 166.07 euros/MWh.
From 7:00 p.m. to 8:00 p.m.: 165.15 euros/MWh.
From 8:00 p.m. to 9:00 p.m.: 203.28 euros/MWh.
From 9:00 p.m. to 10:00 p.m.: 204.77 euros/MWh.
From 10:00 p.m. to 11:00 p.m.: 168.66 euros/MWh.
From 11:00 p.m. to 12:00 a.m.: 156.95 euros/MWh.
The slowdown in the price of gas, which has been observed since the end of August and which Brussels has attributed, in part, to the agreement reached by the leaders of the European Union to work on urgent measures to lower the price of the electricity bill, has left another novelty this October.
During about ten days has not been applied in the Iberian Peninsula the one known as “gas cap”due to the fact that its price on the Iberian Gas Market (Mibgas) has been below the 40 euros per megawatt hour (MWh) set by the Government as a maximum value until the end of the year.
According to data prepared by EFE, the average price of electricity in the wholesale market during this month it has been just over 163 euros/MWh, the lowest since September 2021, when the MWh was paid on average at 156 euros. Moreover, in October, the “pool” registered three of its lowest levels so far in 2022: 72.84 euros/MWh (Sunday 23); 80.61 euros/MWh (Wednesday 19), and 85.36 euros/MWh (Thursday 20).
In this way, the average of the last fortnight It has been 112 euros/MWh, some 86 euros less than the 197.5 euros/MWh on the same dates in 2021, in which the “Iberian exception” was not yet applied. In addition, the average for all of October is well below the 309 euros/MWh of August, the most expensive month in history due to high temperatures, higher gas consumption and low renewable energy production.
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