For this Sunday, April 9, the average price per megawatt hour in the ‘electric pool’ will be 75.57 euros/MWh. To this should be added 0 euros/MWh for compensation to the gas companies, which must be paid (in this case, subtracted) by the consumers benefiting from the measure, the consumers of the regulated tariff (PVPC) or those who, despite If they are in the free market, they have an indexed rate. Thus, the final average price will be 75.57 euros per megawatt hour (MWh).
This figure is 12.7% lower than that of this Saturday, when the final average price was 86.62 euros.
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 afternoon. Specifically, between 4:00 p.m. and 5:00 p.m., when electricity will be worth 0.1 euros/MWh.
At what time is electricity more expensive?
The most expensive time to turn on the light will be at night, between 00:00 and 01:00, when it will cost 127.99 euros/MWh.
How much does electricity cost each hour?
– From 00 to 01 hours: 127.99 euros/MWh.
– From 01 to 02 hours: 117.86 euros/MWh.
– From 02 to 03 hours: 119.83 euros/MWh.
– From 03 to 04 hours: 117.99 euros/MWh.
– From 04 to 05 hours: 118.24 euros/MWh.
– From 05 to 06 hours: 117.86 euros/MWh.
– From 06 to 07 hours: 120 euros/MWh.
– From 07 to 08 hours: 118.9 euros/MWh.
– From 08 to 09 hours: 122.98 euros/MWh.
– From 9 am to 10 am: 90 euros/MWh.
– From 10 to 11 hours: 40.02 euros/MWh.
– From 11 to 12 hours: 32.58 euros/MWh.
– From 12 to 13 hours: 25 euros/MWh.
– From 13 to 14 hours: 5.5 euros/MWh.
– From 14 to 15 hours: 1.5 euros/MWh.
– From 15 to 16 hours: 1.5 euros/MWh.
– From 4 pm to 5 pm: 0.1 euros/MWh.
– From 17 to 18 hours: 1.5 euros/MWh.
– From 18 to 19 hours: 4.17 euros/MWh.
– From 7 pm to 8 pm: 63.96 euros/MWh.
– From 8 pm to 9 pm: 117.86 euros/MWh.
– From 21 to 22 hours: 126.39 euros/MWh.
– From 10 pm to 11 pm: 115 euros/MWh.
– From 23 to 24 hours: 106.96 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 undergoing 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 exception has been extended until December 31, after the agreement reached by Spain and Portugal with the European Commission. Thus, it is extended for seven months, until the end of this year, and it is not excluded that it could be extended for a longer time if said framework is also extended.
Specifically, the agreement not only represents an extension of the Iberian exception that was already applied, but also implies some adjustments to accommodate it, such as the price reference, which until now increased by five euros per month, and will now be smoother. In the original agreement, the aforementioned reference price for gas had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, rising 5 euros/MWh every month thereafter. Now, it will increase by 1.1 euros/MWh from April, to conclude at 65 euros/MW.
Currently, the mechanism has had no effect on the marginal matching processes in the wholesale markets since the end of February, due to the drop in the price of natural gas below the thresholds set for its application, but, if necessary, the extension will make it possible to maintain a reasonable price, not so dependent on the evolution of natural gas.
