He price of light today sunday july 16 give consumers a breather again. In the middle of the weekend and with the drop in demand, the price this Sunday it falls 5.29% regarding this Saturday. Thus, this Sunday will be the second lowest price in the ‘pool’ for a day so far in July, just behind the 48.28 euros/MWh of last July 2. Despite the fact that the price of electricity falls, consumers will look for the best time to use the appliances that consume the most, such as air conditioning or washing machines.
The average of the ‘pool’ of electricity so far in July it stands at 91.7 euros/MWh, compared to the 146.45 euros/MWh that it marked in the same month last year. To this average price of the ‘pool’ would be added the compensation to the gas companies, which must be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market , have an indexed rate, but which is again at 0 euros/MWh, a situation that It is repeated since last February 27.
The most expensive and cheapest hours of light on Sunday, July 16
By time slots, the Maximum price, of almost 114.95 euros/MWh, it will be recorded from 10:00 p.m. to 11:00 p.m.; Meanwhile he minimal price it will take place between 4:00 p.m. and 6:00 p.m., with 15.69 euros/MWh, and another seven more hours will be added with the price around 25 euros/MWh in the day.
- Average light price Sunday, July 16: 59.67 euros megawatt/hour (MWh)
- price of light more expensive Sunday July 16: 114.95 euros megawatt/hour
- price of light cheaper Sunday July 16: 15.69 euros megawatt/hour
Price of electricity today by time slots
- From 00:00 to 01:00: 80.02 euros/MWh.
- From 01:00 to 02:00 hours: 72.17 euros/MWh.
- From 02:00 to 03:00 hours: 70.81 euros/MWh.
- From 03:00 to 04:00: 69.71 euros/MWh.
- From 04:00 to 05:00 hours: 69.71 euros/MWh.
- From 05:00 to 06:00 hours: 71.63 euros/MWh.
- From 06:00 to 07:00: 79.98 euros/MWh.
- From 7:00 a.m. to 8:00 a.m.: €79.98/MWh.
- From 08:00 to 09:00: 69.71 euros/MWh.
- From 9:00 a.m. to 10:00 a.m.: 26.98 euros/MWh.
- From 10:00 a.m. to 11:00 a.m.: 25 euros/MWh.
- From 11:00 a.m. to 12:00 p.m.: 25 euros/MWh.
- From 12:00 a.m. to 1:00 p.m.: 25 euros/MWh.
- From 1:00 p.m. to 2:00 p.m.: 25.02 euros/MWh.
- From 2:00 p.m. to 3:00 p.m.: 25 euros/MWh.
- From 3:00 p.m. to 4:00 p.m.: 20 euros/MWh.
- From 4:00 p.m. to 5:00 p.m.: €15.69/MWh.
- From 5:00 p.m. to 6:00 p.m.: €15.69/MWh.
- From 6:00 p.m. to 7:00 p.m.: 34.6 euros/MWh.
- From 7:00 p.m. to 8:00 p.m.: 93.82 euros/MWh.
- From 8:00 p.m. to 9:00 p.m.: 100.98 euros/MWh.
- From 9:00 p.m. to 10:00 p.m.: 110.72 euros/MWh.
- From 10:00 p.m. to 11:00 p.m.: 114.95 euros/MWh.
- From 11:00 p.m. to 12:00 a.m.: 110 euros/MWh.
Factors influencing price escalation
The rise in prices in most European countries is attributed to various factors, including gas price increase in international markets. This fuel is used in combined cycle plants and has a significant impact on determining market prices during most hours of the day. In addition, the increase in the value of carbon dioxide (CO2) emission rights also contributes to this situation.
Why does the price of electricity change in each hourly period?
Electricity bill prices are flexible and linked to the wholesale electricity market. That is why the price of electricity in each hourly period is determined depending on energy demand at that time, which gives rise to a constant variation in the cost of electricity throughout the day.
For example, during periods of high demand due to the most extreme cold temperatures for heating or to extreme heat for air conditioners, prices tend to rise. In addition, it is important to consider that the expenses associated with adjustment services, charges, payments for capacity, commercialization, tolls and the price for interruptibility, among others, can vary the price from one hour to another. With the entry into force in January 2024 of the new calculation methodology for the new regulated electricity tariff, it is expected to give more stability to the electricity market.
The Iberian exception
The so-called ‘Iberian exception‘ has been extended until December 31, following 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 was increased in five euros a month, and now it will 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 each month thereafter. Now, it will increase by 1.1 euros/MWh since last April, to conclude at 65 euros/MWh.
Currently, the mechanism has had no effect on the marginal matching processes in the wholesale markets since the end of February, due to the decrease 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.
