The price of electricity continues to be consolidated as one of the main headaches for citizens within an inflationary spiral, waiting for the decoupling of the price of electricity and gas in Spain and Portugal to take place.
Meanwhile, the price of electricity remains at extremely high levels compared to those of the same date in 2021. According to data from OMIE, the regulator in Spain and Portugal, for this Monday, April 11, the average price of electricity will be 163.13 euros/MWh, 213.65% more than a year ago, when the price was 52.01 euros/MWh.
This price, however, will be applied to the invoices of people who have contracted a regulated rate (PVPC). Those with a free market rate will only notice the increase when their contract is updated annually.
At what time is electricity cheaper?
The cheapest hour of electricity will be during the afternoon. Specifically, between 3:00 p.m. and 4:00 p.m., with prices of 55.1 euros/MWh.
At what time is electricity more expensive?
The most expensive time to turn on the light will be late in the day, between 8:00 p.m. and 9:00 p.m., when it will cost 270.2 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 150 euros/MWh.
– From 01 to 02 hours: 114 euros/MWh.
– From 02 to 03 hours: 96 euros/MWh.
– From 03 to 04 hours: 100.1 euros/MWh.
– From 04 to 05 hours: 117 euros/MWh.
– From 05 to 06 hours: 149.81 euros/MWh.
– From 06 to 07 hours: 160 euros/MWh.
– From 07 to 08 hours: 255 euros/MWh.
– From 8 a.m. to 9 a.m.: 263.4 euros/MWh.
– From 9 a.m. to 10 a.m.: 255 euros/MWh.
– From 10 a.m. to 11 a.m.: 214.92 euros/MWh.
– From 11 a.m. to 12 p.m.: 152.5 euros/MWh.
– From 12 to 13 hours: 122.97 euros/MWh.
– From 13 to 14 hours: 90 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 62.75 euros/MWh.
– From 3 to 4 p.m.: 55.1 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 62.6 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 111 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 152.6 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 239.91 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 270.2 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 267.81 euros/MWh.
– From 10 p.m. to 11 p.m.: 247.99 euros/MWh.
– From 23 to 24 hours: 204.4 euros/MWh.
Why does the price of electricity vary so much?
The main cause of the price fluctuations is that the price of gas is experiencing strong increases and its use is essential for the production of energy in the so-called combined cycle plants. Thus, any impact on the price of gas has an almost immediate impact on the price of electricity.
The current context does not help, precisely, to contain the price of gas. Russia is one of the largest suppliers of gas on the planet and the influence of the war in Ukraine has been felt in half the world, including Spain.
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