Spain starts the month of May with the price of electricity still through the roof, although below the psychological level of 200 euros/MWh. The one that has already been approved by the European Commission and that will mean a 20% drop in the price of electricity is already noticeable in the futures market, where . However, the respite has not yet reached the pocket of the consumer, who will continue to pay for electricity well above the levels of a year ago.
According to data from OMIE, the regulator in Spain and Portugal, for this Sunday, May 1, the price of electricity will be 177.86 euros/MWh, 199.63% more than a year ago, when the price it was 59.36 euros/MWh.
This price, however, will only be applied to households that have contracted a regulated rate (PVPC). 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 middle of the afternoon. Specifically, between 5:00 p.m. and 6:00 p.m., with prices of 95.05 euros/MWh.
At what time is electricity more expensive?
The most expensive time to turn on the light will be early at night, between 9:00 p.m. and 10:00 p.m., when it will cost 227 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 206 euros/MWh.
– From 01 to 02 hours: 199.7 euros/MWh.
– From 02 to 03 hours: 197.56 euros/MWh.
– From 03 to 04 hours: 192.2 euros/MWh.
– From 04 to 05 hours: 197.43 euros/MWh.
– From 05 to 06 hours: 201.32 euros/MWh.
– From 06 to 07 hours: 195 euros/MWh.
– From 07 to 08 hours: 194.95 euros/MWh.
– From 8 a.m. to 9 a.m.: 186.94 euros/MWh.
– From 9 a.m. to 10 a.m.: 182.04 euros/MWh.
– From 10 a.m. to 11 a.m.: 177.31 euros/MWh.
– From 11 a.m. to 12 p.m.: 170.93 euros/MWh.
– From 12 to 13 hours: 167.39 euros/MWh.
– From 13 to 14 hours: 150.74 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 140.4 euros/MWh.
– From 15 to 16 hours: 131.7 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 117.77 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 95.05 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 128.27 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 164.06 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 211.62 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 227 euros/MWh.
– From 10 p.m. to 11 p.m.: 222.96 euros/MWh.
– From 23 to 24 hours: 210.26 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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