The truce in the price of electricity has not lasted more than a day. If yesterday, Wednesday, electricity fell below 90 euros/MWh for the first time in months, this Thursday it shot up again above 160 euros, 90% more expensive than the previous day.
According to data from OMIE, the regulator in Spain and Portugal, for this Thursday, April 21, the price of electricity will be 161.72 euros/MWh, twice as much as a year ago, when the price was 79, €60/MWh.
This price, however, will only be applied to households that have contracted a regulated rate (PVPC), almost 11 million in Spain. As long as they have their bill in the , they will only notice the increase when their contract is updated annually.
At what time is electricity cheaper?
The cheapest hour of electricity will be in the afternoon. Specifically, between 3:00 p.m. and 4:00 p.m., when electricity will barely cost 101 euros/MWh.
At what time is electricity more expensive?
The most expensive time to turn on the light will be at dinner time, between 8:00 p.m. and 9:00 p.m., when it will cost 223.61 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 154.5 euros/MWh
– From 01 to 02 hours: 145.8 euros/MWh
– From 02 to 03 hours: 145.8 euros/MWh
– From 03 to 04 hours: 149.18 euros/MWh
– From 04 to 05 hours: 155.2 euros/MWh
– From 05 to 06 hours: 167 euros/MWh
– From 06 to 07 hours: 173.57 euros/MWh
– From 07 to 08 hours: 203.56 euros/MWh
– From 08 to 09 hours: 209 euros/MWh
– From 9 a.m. to 10 a.m.: 176.82 euros/MWh
– From 10 to 11 hours: 161 euros/MWh
– From 11 a.m. to 12 p.m.: 153 euros/MWh
– From 12 to 13 hours: 147.02 euros/MWh
– From 13 to 14 hours: 145 euros/MWh
– From 2:00 p.m. to 3:00 p.m.: 104 euros/MWh
– From 15 to 16 hours: 101 euros/MWh
– From 4:00 p.m. to 5:00 p.m.: 101.77 euros/MWh
– From 5:00 p.m. to 6:00 p.m.: 123.67 euros/MWh
– From 6:00 p.m. to 7:00 p.m.: 154.69 euros/MWh
– From 7:00 p.m. to 8:00 p.m.: 178.07 euros/MWh
– From 8:00 p.m. to 9:00 p.m.: 223.61 euros/MWh
– From 9:00 p.m. to 10:00 p.m.: 220.44 euros/MWh
– From 10 p.m. to 11 p.m.: 199.71 euros/MWh
– From 23 to 24 hours: 187.81 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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