For this Saturday, September 17, the average price per megawatt hour in the ‘electric pool’ will be 61.68 euros/MWh. To this price, customers must add another 115.78 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 177.46 euros per megawatt hour (MWh).
This figure is 36.12% lower than that of this Friday, so it will be the cheapest day since June 12, three days before the entry into force of the ‘Iberian exception’.
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 in the morning. Specifically, between 11:00 and 12:00, when electricity will be worth 10 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 167.5 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 90 euros/MWh.
– From 01 to 02 hours: 63.93 euros/MWh.
– From 02 to 03 hours: 59.64 euros/MWh.
– From 03 to 04 hours: 55 euros/MWh.
– From 04 to 05 hours: 53.95 euros/MWh.
– From 05 to 06 hours: 54.63 euros/MWh.
– From 06 to 07 hours: 54.84 euros/MWh.
– From 07 to 08 hours: 58.43 euros/MWh.
– From 08 to 09 hours: 58.63 euros/MWh.
– From 9 a.m. to 10 a.m.: 49 euros/MWh.
– From 10 to 11 hours: 15.01 euros/MWh.
– From 11 a.m. to 12 p.m.: 10 euros/MWh.
– From 12 to 13 hours: 19.28 euros/MWh.
– From 13 to 14 hours: 30.1 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 30.1 euros/MWh.
– From 15 to 16 hours: 30 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 34.18 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 51.32 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 58.73 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 100 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 141.52 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 167.5 euros/MWh.
– From 10 p.m. to 11 p.m.: 106.5 euros/MWh.
– From 23 to 24 hours: 88.1 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 came into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter, a period in which that 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 268.55 euros (91.09 euros more), 33.92% higher.
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