For this Tuesday, September 13, the average price of a megawatt hour in the ‘electric pool’ will be 128.75 euros/MWh. To this price, customers must add another 92.27 euros/MWh, from the compensation to the gas companies that will be paid by the consumers who benefit from 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 221 euros per megawatt hour (MWh).
This figure is 22.78% lower than this Sunday’s price, when it stood at 280 euros on average.
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 early hours of the morning. Specifically, between 5:00 and 6:00 a.m., when electricity will be worth 90 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 212 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 131.27 euros/MWh.
– From 01 to 02 hours: 120 euros/MWh.
– From 02 to 03 hours: 113.25 euros/MWh.
– From 03 to 04 hours: 100 euros/MWh.
– From 04 to 05 hours: 91.73 euros/MWh.
– From 05 to 06 hours: 90 euros/MWh.
– From 06 to 07 hours: 101.55 euros/MWh.
– From 07 to 08 hours: 120 euros/MWh.
– From 8 a.m. to 9 a.m.: 120.07 euros/MWh.
– From 9 a.m. to 10 a.m.: 130 euros/MWh.
– From 10 to 11 hours: 126.04 euros/MWh.
– From 11 a.m. to 12 p.m.: 114.25 euros/MWh.
– From 12 to 13 hours: 113.25 euros/MWh.
– From 13 to 14 hours: 113 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 109.68 euros/MWh.
– From 15 to 16 hours: 110 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 111.25 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 112.25 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 130.21 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 170 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 205.19 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 212 euros/MWh.
– From 10 p.m. to 11 p.m.: 195.07 euros/MWh.
– From 23 to 24 hours: 150 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 316.59 euros (95.57 euros more), 30.19% higher.
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