For this Saturday, September 10, the average price per megawatt hour in the ‘electric pool’ will be 176.05 euros/MWh. To this price, customers must add another 106.86 euros/MWh, from the compensation to the gas companies that will be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated rate (PVPC) or those who, despite being in the free market, they have an indexed rate. Thus, the final average price will be 282.91 euros per megawatt hour (MWh).
This figure is 15.03% higher compared to this Friday, when electricity stood at 245.93 euros. In this way, it is close to 300 euros, but it remains at a distance from the record figures of last week, when last Wednesday the second highest figure in history was reached for regulated rate customers linked to the wholesale market.
The Minister of Industry and Commerce of the Czech Republic, the country that holds the rotating presidency of the European Union, Jozef Síkela, has indicated this Friday that he hopes that the Twenty-seven will reach an agreement to ensure the liquidity of the energy markets, in line with one of the proposals put forward by the European Commission this week to stop the rise in energy prices.
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 the afternoon. Specifically, between 4:00 p.m. and 5:00 p.m., when electricity will be worth 120.83 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 300 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 209.39 euros/MWh.
– From 01 to 02 hours: 190 euros/MWh.
– From 02 to 03 hours: 172.86 euros/MWh.
– From 03 to 04 hours: 171.63 euros/MWh.
– From 04 to 05 hours: 170.91 euros/MWh.
– From 05 to 06 hours: 170.91 euros/MWh.
– From 06 to 07 hours: 171.63 euros/MWh.
– From 07 to 08 hours: 172.86 euros/MWh.
– From 8 a.m. to 9 a.m.: 171.63 euros/MWh.
– From 9 a.m. to 10 a.m.: 165.2 euros/MWh.
– From 10 a.m. to 11 a.m.: 140.68 euros/MWh.
– From 11 a.m. to 12 p.m.: 147.87 euros/MWh.
– From 12 to 13 hours: 148.69 euros/MWh.
– From 13 to 14 hours: 148.93 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 140.1 euros/MWh.
– From 15 to 16 hours: 123.35 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 120.83 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 135 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 157 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 186 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 250.19 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 300 euros/MWh.
– From 10 p.m. to 11 p.m.: 255.1 euros/MWh.
– From 23 to 24 hours: 204.51 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 .
Without the ‘Iberian exception’ mechanism in operation, the price of electricity in Spain would be 323 euros (40.09 euros more), 12.41% higher.
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