Price of electricity today, August 27, by the hour: when is it cheaper and when is it more expensive?

The cap on the price of gas that came into force on June 15 is already noticeable in the daily price of electricity.

Specifically, for this Saturday, August 27, the average price per megawatt hour in the ‘electric pool’ will be 160.04 euros/MWh. To this, it would be necessary to add 225.81 euros/MWh for the compensation to the gas companies, so that the real average price for the regulated tariff consumer will be 385.85 euros per megawatt hour.

This cost, 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?

According to data from the OMIE and without counting the compensation to the gas companies, the cheapest hour of electricity will be during midday. Specifically, between 11:00 and 12:00, when electricity will be worth 127 euros/MWh.

At what time is electricity more expensive?

The most expensive time to turn on the light will be at night, between 9:00 p.m. and 10:00 p.m., when it will cost 242.82 euros/MWh.

How much does electricity cost every hour?

– From 00 to 01 hours: 185.31 euros/MWh.

– From 01 to 02 hours: 170 euros/MWh.

– From 02 to 03 hours: 148.86 euros/MWh.

– From 03 to 04 hours: 142.92 euros/MWh.

– From 04 to 05 hours: 150.1 euros/MWh.

– From 05 to 06 hours: 160.1 euros/MWh.

– From 06 to 07 hours: 169.26 euros/MWh.

– From 07 to 08 hours: 160.07 euros/MWh.

– From 08 to 09 hours: 150.1 euros/MWh.

– From 9 a.m. to 10 a.m.: 140 euros/MWh.

– From 10 a.m. to 11 a.m.: 130 euros/MWh.

– From 11 a.m. to 12 p.m.: 127 euros/MWh.

– From 12 to 13 hours: 128 euros/MWh.

– From 13 to 14 hours: 129 euros/MWh.

– From 2:00 p.m. to 3:00 p.m.: 129 euros/MWh.

– From 15 to 16 hours: 128 euros/MWh.

– From 4:00 p.m. to 5:00 p.m.: 128 euros/MWh.

– From 5:00 p.m. to 6:00 p.m.: 129.17 euros/MWh.

– From 6:00 p.m. to 7:00 p.m.: 137 euros/MWh.

– From 7:00 p.m. to 8:00 p.m.: 179.99 euros/MWh.

– From 8:00 p.m. to 9:00 p.m.: 220 euros/MWh.

– From 9:00 p.m. to 10:00 p.m.: 242.82 euros/MWh.

– From 10 p.m. to 11 p.m.: 239.18 euros/MWh.

– From 23 to 24 hours: 217.05 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 impact of the ‘Iberian exception’

The Iberian mechanism, which entered 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 energy prices are more expensive.

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