this will be the most expensive and cheapest time

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The average price of electricity morning for clients with regulated tariff will rise this Wednesday by 21.3% compared to this Tuesday, up to 138.94 euros per megawatt hour (MWh), according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

In this way, the price of the electricity bill in the wholesale market (‘pool’) will stand at 132.52 euros/MWh this Wednesday. To this price is added the compensation to the gas companies of 6.42 euros/MWh, which has to be paid by the consumers who benefit from the measure: those who have a regulated rate, have a rate indexed to the free market or have to renew their contract .

The most expensive and cheapest hours on the electricity bill

The maximum price will be registered between 7:00 p.m. and 8:00 p.m., with 197.23 euros/MWh, while the minimum for the day, of 101.31 euros/MWh, will occur between 03:00 and 04:00 hours.

  • From 00:00 to 01:00: 111.37 euros/MWh.
  • From 01:00 a.m. to 02:00 a.m.: 105.67 euros/MWh.​
  • From 02:00 a.m. to 03:00 a.m.: 104.49 euros/MWh.
  • From 03:00 a.m. to 04:00 a.m.: 101.31 euros/MWh.
  • ​From 04:00 a.m. to 05:00 a.m.: 101.53 euros/MWh.
  • From 5:00 a.m. to 6:00 a.m.: 104.56 euros/MWh.
  • From 06:00 a.m. to 07:00 a.m.: 130.38 euros/MWh.
  • ​From 07:00 a.m. to 08:00 a.m.: 153.70 euros/MWh.
  • ​From 08:00 a.m. to 09:00 a.m.: 164.12 euros/MWh.
  • ​From 09:00 a.m. to 10:00 a.m.: 156.13 euros/MWh.
  • ​From 10:00 a.m. to 11:00 a.m.: 142.59 euros/MWh.
  • ​From 11:00 a.m. to 12:00 p.m.: 132.42 euros/MWh.
  • From 12:00 a.m. to 1:00 p.m.: 132.07 euros/MWh.
  • From 1:00 p.m. to 2:00 p.m.: 130.22 euros/MWh.
  • ​From 2:00 p.m. to 3:00 p.m.: 131.09 euros/MWh.
  • From 3:00 p.m. to 4:00 p.m.: 133.26 euros/MWh.
  • From 4:00 p.m. to 5:00 p.m.: 155.60 euros/MWh.
  • ​From 5:00 p.m. to 6:00 p.m.: 170.62 euros/MWh.
  • From 6:00 p.m. to 7:00 p.m.: 179.48 euros/MWh.
  • From 7:00 p.m. to 8:00 p.m.: 197.23 euros/MWh.
  • From 8:00 p.m. to 9:00 p.m.: 167.40 euros/MWh.
  • From 9:00 p.m. to 10:00 p.m.: 155.91 euros/MWh.
  • ​From 10:00 p.m. to 11:00 p.m.: 139.51 euros/MWh.
  • From 11:00 p.m. to 12:00 a.m.: 133.78 euros/MWh.

4.5% less than without applying the measure

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 on average around 145.48 euros/MWhwhich is about 6.5 euros/MWh more than with the compensation for clients of the regulated rate, who will thus pay 4.5% less on average.

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 over a period of twelve months, thus covering the coming winter, a period in which 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 measurement.

Source: lainformacion.com

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