these are the most expensive hours

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The price of electricity for regulated rate customers linked to the wholesale market will drop tomorrow Monday 21.61% compared to this Sunday, up to 69.56 euros per megawatt hour (MWh). In the auction, the average price of electricity in the wholesale market –the so-called ‘pool’– will stand on Monday at 80.64 euros/MWh.

The electricity bill: 33% less than without applying the measure

In the absence of the mechanism of ‘Iberian exception’ to cap the price of gas for electricity generation, the price of electricity in Spain would be on average around 104.89 euros/MWh, which is around 35.33 euros/MWh more than with the compensation for the customers of the regulated rate, which they will pay like this 33.69% less on average.

The ‘Iberian mechanism’, which entered into force on June 15limits the price of gas for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter, the period in which energy prices are more expensive.

Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation from a price of 40 euros/MWh in the initial six months –until December 15–, and subsequently, a monthly increase of five euros/MWh until the end of the measure.

The electricity bill this Monday: 21.6% cheaper

The maximum price will be registered between 00:00 and 01:00, with 91.96 euros/MWh, while the minimum for the day will drop to 35.55 euros/MWh between 04:00 and 05:00, according to provisional data from the Operator of the Iberian Energy Market (OMIE) collected by Europa Press.

  • From 00:00 to 01:00: 91.96 euros/MWh.
  • From 01:00 a.m. to 02:00 a.m.: €57.07/MWh.​
  • ​From 02:00 to 03:00: 45.79 euros/MWh.
  • ​From 03:00 to 04:00: 37.65 euros/MWh.
  • ​From 04:00 to 05:00: 35.55 euros/MWh.
  • ​From 05:00 to 06:00: 36.28 euros/MWh.
  • ​From 06:00 to 07:00: 42.1 euros/MWh.
  • ​From 7:00 a.m. to 8:00 a.m.: 84.81 euros/MWh.
  • ​From 8:00 a.m. to 9:00 a.m.: 87.55 euros/MWh.
  • ​From 9:00 a.m. to 10:00 a.m.: 90.13 euros/MWh.
  • ​From 10:00 a.m. to 11:00 a.m.: 87.85 euros/MWh.
  • ​From 11:00 a.m. to 12:00 p.m.: 87.4 euros/MWh.
  • ​From 12:00 p.m. to 1:00 p.m.: 89.02 euros/MWh.
  • ​From 1:00 p.m. to 2:00 p.m.: 88.27 euros/MWh.
  • ​From 2:00 p.m. to 3:00 p.m.: 69.04 euros/MWh.
  • From 3:00 p.m. to 4:00 p.m.: 55.72 euros/MWh.
  • ​From 4:00 p.m. to 5:00 p.m.: 55.34 euros/MWh.
  • ​From 5:00 p.m. to 6:00 p.m.: 67.77 euros/MWh.
  • ​From 6:00 p.m. to 7:00 p.m.: 88.84 euros/MWh.
  • ​From 7:00 p.m. to 8:00 p.m.: 86.69 euros/MWh.
  • ​From 8:00 p.m. to 9:00 p.m.: 87.93 euros/MWh.
  • ​From 9:00 p.m. to 10:00 p.m.: 91.76 euros/MWh.
  • ​From 10:00 p.m. to 11:00 p.m.: 60.14 euros/MWh.
  • ​From 11:00 p.m. to 12:00 a.m.: 44.87 euros/MWh.

Source: lainformacion.com

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