He price of light today Saturday July 15 for the more than two million customers with the regulated rate linked to the wholesale market, it provides an important breather for the pocket of consumers with the drop in demand and it collapses almost 30% compared to this Friday. Thus, this Saturday will be the second lowest price so far in July, just behind the 48.28 euros/MWh of last July 2, waiting to see if this Sunday the Spanish will be able to enjoy a few hours completely free.
The average of the ‘pool’ of electricity in what vas of July it stands at 93.9 euros/MWh, compared to the 142.66 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 is repeated since last February 27.
The most expensive and cheapest hours of light on Saturday, July 15
By time slots, the Maximum price, of 108.75 euros/MWh, will be registered in the first hour of the day. while, the minimal price it will occur between 4:00 p.m. and 5:00 p.m., with 1.64 euros/MWh, and another three more hours will be added below the level of 5 euros/MWh in the day.
- Average light price on Saturday, July 15: 63 euros megawatt/hour (MWh)
- price of light more expensive Saturday, July 15: 108.75 euros megawatt/hour
- price of light cheaper on Saturday, July 15: 1.64 euros megawatt/hour
Price of electricity today by time slots
- From 00:00 to 01:00: 108.75 euros/MWh.
- From 01:00 to 02:00 hours: 99.02 euros/MWh.
- From 02:00 to 03:00: 90 euros/MWh.
- From 03:00 to 04:00: 90 euros/MWh.
- From 04:00 to 05:00 hours: 86.03 euros/MWh.
- From 05:00 to 06:00 hours: 86.03 euros/MWh.
- From 06:00 to 07:00: 91.23 euros/MWh.
- From 7:00 a.m. to 8:00 a.m.: 91 euros/MWh.
- From 8:00 a.m. to 9:00 a.m.: 76.26 euros/MWh.
- From 9:00 a.m. to 10:00 a.m.: 61.69 euros/MWh.
- From 10:00 a.m. to 11:00 a.m.: 50.54 euros/MWh.
- From 11:00 a.m. to 12:00 p.m.: 25.1 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.: 14 euros/MWh.
- From 2:00 p.m. to 3:00 p.m.: 4.3 euros/MWh.
- From 3:00 p.m. to 4:00 p.m.: 4.3 euros/MWh.
- From 4:00 p.m. to 5:00 p.m.: 1.64 euros/MWh.
- From 5:00 p.m. to 6:00 p.m.: 4.3 euros/MWh.
- From 6:00 p.m. to 7:00 p.m.: 30 euros/MWh.
- From 7:00 p.m. to 8:00 p.m.: 66.81 euros/MWh.
- From 8:00 p.m. to 9:00 p.m.: 89 euros/MWh.
- From 9:00 p.m. to 10:00 p.m.: 107.02 euros/MWh.
- From 10:00 p.m. to 11:00 p.m.: 107.02 euros/MWh.
- From 11:00 p.m. to 12:00 a.m.: 103.0 euros/MWh.
Factors influencing price escalation
The rise in prices in most European countries is attributed to various factors, including the increase in the price of gas andin 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?
The electricity bill prices are flexible and are linked to the wholesale electricity market. For this reason, the price of electricity in each hourly period is determined based on the demand for energy 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 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 a extension of the Iberian exception that was already applied, but involves 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 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 natural gas pricel 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.
