these will be the most expensive and cheapest hours


The average price of electricity for regulated rate customers linked to the wholesale market It will collapse this Thursday by 26.9% with respect to the price set for this Wednesday, from 103.98 euros/MWh up to 75.51 euros per megawatt hour (MWh), its lowest level since last October 23.

In the auction, the average price of light in the wholesale market -the so-called ‘pool’- will be located this Thursday at €78.93/MWh. To this ‘pool’ price is added the compensation to the gas companies that must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being in the free market, have an indexed rate, which for this Thursday, for the second consecutive day, it will show a negative balance with -3.42 euros/MWhdue to energy exports to countries like France or Portugal.

28.6% cheaper than without the Iberian exception

In this way, the average price of electricity for regulated rate customers linked to the wholesale market It will be the lowest since last October 23when it marked, including compensation, 72.84 euros/MWh.

In the absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would be around 105.78 euros/MWh on average, which it supposes about 30.27 euros/MWh more than with compensation for regulated rate customers, who will thus pay 28.6% less on average.

The most expensive and cheapest hours

The maximum price will be recorded between 9:00 p.m. and 10:00 p.m.with 139.10 euros/MWh, while the minimum for the day will drop to 5.56 euros/MWh between 04:00 and 05:00, according to provisional data from the Iberian Energy Market Operator (OMIE ).

  • From 12:00 a.m. to 1:00 a.m.: ​​​​46.48 euros/MWh.
  • From 01:00 a.m. to 02:00 a.m.: €23.86/MWh.​
  • ​From 02:00 to 03:00: 7.70 euros/MWh.
  • ​From 03:00 to 04:00: 6.44 euros/MWh.
  • ​From 04:00 to 05:00: 5.56 euros/MWh.
  • ​From 05:00 to 06:00: 24.20 euros/MWh.
  • ​From 06:00 to 07:00: 48.64 euros/MWh.
  • ​From 7:00 a.m. to 8:00 a.m.: 87.54 euros/MWh.
  • ​From 08:00 to 09:00: 90.06 euros/MWh.
  • ​From 9:00 a.m. to 10:00 a.m.: 85.85 euros/MWh.
  • ​From 10:00 a.m. to 11:00 a.m.: 74.71 euros/MWh.
  • ​From 11:00 a.m. to 12:00 p.m.: 70.87 euros/MWh.
  • ​From 12:00 a.m. to 1:00 p.m.: 66.38 euros/MWh.
  • ​From 1:00 p.m. to 2:00 p.m.: 65.66 euros/MWh.
  • ​From 2:00 p.m. to 3:00 p.m.: 65.55 euros/MWh.
  • From 3:00 p.m. to 4:00 p.m.: 76.27 euros/MWh.
  • ​From 4:00 p.m. to 5:00 p.m.: 86.60 euros/MWh.
  • ​From 5:00 p.m. to 6:00 p.m.: 97.96 euros/MWh.
  • ​From 6:00 p.m. to 7:00 p.m.: 124.09 euros/MWh.
  • ​From 7:00 p.m. to 8:00 p.m.: 127.97 euros/MWh.
  • ​From 8:00 p.m. to 9:00 p.m.: 134.17 euros/MWh.
  • ​From 9:00 p.m. to 10:00 p.m.: 139.10 euros/MWh.
  • ​From 10:00 p.m. to 11:00 p.m.: 131.54 euros/MWh.
  • ​From 11:00 p.m. to 12:00 a.m.: 125.21 euros/MWh.

The ‘Iberian mechanism’, which came into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering next winter, a 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.


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