The price of electricity tomorrow, Sunday, plummets 59.6% to 21.5 euros
The price of light tomorrow for regulated rate customers linked to the wholesale market It will drop this Sunday to 21.49 euros per megawatt hour (MWh), which represents a drop of 59.6% compared to the 53.19 euros/MWh of this Saturday. In the auction, the average price of light in the wholesale market -the so-called ‘pool’- will stand this Sunday at 22.05 euros/MWh.
Compensation for gas companies is added to this pool price, which must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being on the free market, They have an indexed rate, which for this Sunday stands at -0.56 euros/MWh.
The electric bill: 58% less than without the mechanism
In the absence of the mechanism of the ‘Iberian exception‘ To cap the price of gas for electricity generation, the price of electricity in Spain would be around 51.3 euros/MWh on average, which is 29.81 euros/MWh more than with the compensation for electricity customers. the regulated tariff, which they will thus pay 58.11% less on average.
The ‘Iberian mechanism’, which came into effect on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering the coming winter, the period in which energy prices are most expensive.
Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation from 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.
The Spanish Executive has already asked Brussels prolong the ‘Iberian exception’ at least until the end of 2024 with a cap similar to the current one, of between 45 and 50 euros per megawatt hour (MWh).
The most expensive and cheapest hours of this Sunday
The minimum price of 3.11 euroswill be given between 04:00 and 05:00, while the maximum price will be recorded between 20:00 and 21:00, when it will be 49.77 euros.
- From 00:00 to 01:00: 25.61 euros/MWh.
- From 01:00 to 02:00 hours: 17.53 euros/MWh.
- From 02:00 to 03:00: 14.25 euros/MWh.
- From 03:00 to 04:00: 4.17 euros/MWh.
- From 04:00 to 05:00: 3.11 euros/MWh.
- From 05:00 to 06:00: 4.17 euros/MWh.
- From 06:00 to 07:00: 4.17 euros/MWh.
- From 7:00 a.m. to 8:00 a.m.: 5.01 euros/MWh.
- From 8:00 a.m. to 9:00 a.m.: 16.19 euros/MWh.
- From 9:00 a.m. to 10:00 a.m.: 26.74 euros/MWh.
- From 10:00 a.m. to 11:00 a.m.: 31.09 euros/MWh.
- From 11:00 a.m. to 12:00 p.m.: 23.97 euros/MWh.
- From 12:00 a.m. to 1:00 p.m.: 22.32 euros/MWh.
- From 1:00 p.m. to 2:00 p.m.: 21.67 euros/MWh.
- From 2:00 p.m. to 3:00 p.m.: 18.63 euros/MWh.
- From 3:00 p.m. to 4:00 p.m.: 13.72 euros/MWh.
- From 4:00 p.m. to 5:00 p.m.: 19.75 euros/MWh.
- From 5:00 p.m. to 6:00 p.m.: 28.58 euros/MWh.
- From 6:00 p.m. to 7:00 p.m.: 33.25 euros/MWh.
- From 7:00 p.m. to 8:00 p.m.: 38.27 euros/MWh.
- From 8:00 p.m. to 9:00 p.m.: 49.77 euros/MWh.
- From 9:00 p.m. to 10:00 p.m.: 40.37 euros/MWh.
- From 10:00 p.m. to 11:00 p.m.: 32.77 euros/MWh.
- From 11:00 p.m. to 12:00 a.m.: 20.83 euros/MWh.