these are the cheapest and most expensive hours
The price of electricity tomorrow Friday October 29 go back down. This time it will do so by up to 10%, which leaves tomorrow’s energy price as the lowest of the whole week, according to the results of the auction held this Friday. Consumers will thus see the cap on gas timidly applied for a second day after it was out of service for eight. Thus, the new price that users will have to face tomorrow will exceed €100 megawatt hour (MWH) by two euros. The weekend wants to start giving a break and the drop in the price of electricity comes after the Euribor has fallen for the fifth consecutive day this Friday due to the prospect that the European Central Bank (ECB) will not be able to keep up with the rate hikes.
The cap on gas has not been applied the previous days because it was in the Iberian Gas Market (Mibgas) below the 40 euros/MWh set by the Government as the maximum price until the end of the year. For tomorrow, the price will be around 42 euros. In fact, without the Iberian mechanism, the wholesale price would be 104 euros/MWh, that is, only 2 euros plus the MWh.
Break the 100 euro barrier
Also, electricity will once again be above the 100 euro barrier/MWh after the three lowest prices of the year were recorded last week, with values of 73, 81 and 85 euros/MWh. Despite this, the price of electricity in the wholesale market will remain the same tomorrow far from more than 176 euros/MWh that were paid a year ago, a decrease influenced by both the higher renewable production and the lower price of natural gas in international markets due to the accumulation of storage for winter. The figure for this Saturday is the rresult of adding to the 101.5 euros of the wholesale market the adjustment of 0.5 euros/MWh that is paid to the beneficiaries of the gas cap to compensate the plants that use that material to generate electricity.
The most expensive and cheapest time
By most expensive slots will be between 7:00 p.m. and 8:00 p.m., when electricity will be paid at 134 euros/MWh, while cheaper, between 13:00 and 14:00, it will reach 81 euros/MWh. In Italy, electricity will be paid tomorrow at 100.5 euros per MWh; in Germany, at 101 euros; in France, at 98.5 euros, and in the United Kingdom, at 86 pounds (about 100 euros). In Portugal, where the cap on gas for electricity generation is also applied by virtue of what is known as the “Iberian exception”, the price will be the same as in Spain, a country with which it shares a market.
- From 00:00 to 01:00: 94.54 euros/MWh.
- From 01:00 a.m. to 02:00 a.m.: 93.4 euros/MWh.
- From 02:00 a.m. to 03:00 a.m.: 91.07 euros/MWh.
- From 03:00 a.m. to 04:00 a.m.: 88.64 euros/MWh.
- From 4:00 a.m. to 5:00 a.m.: 87.69 euros/MWh.
- From 5:00 a.m. to 6:00 a.m.: 87.26 euros/MWh.
- From 06:00 a.m. to 07:00 a.m.: 89.99 euros/MWh.
- From 07:00 a.m. to 08:00 a.m.: 102.62 euros/MWh.
- From 08:00 a.m. to 09:00 a.m.: 115.66 euros/MWh.
- From 09:00 a.m. to 10:00 a.m.: 109.54 euros/MWh.
- From 10:00 a.m. to 11:00 a.m.: 95.97 euros/MWh.
- From 11:00 a.m. to 12:00 p.m.: 87.44 euros/MWh.
- From 12:00 a.m. to 1:00 p.m.: 84.41 euros/MWh.
- From 1:00 p.m. to 2:00 p.m.: 81.3 euros/MWh.
- From 2:00 p.m. to 3:00 p.m.: 84.01 euros/MWh.
- From 3:00 p.m. to 4:00 p.m.: 84.81 euros/MWh.
- From 4:00 p.m. to 5:00 p.m.: 85.34 euros/MWh.
- From 5:00 p.m. to 6:00 p.m.: 106.41 euros/MWh.
- From 6:00 p.m. to 7:00 p.m.: 132.1 euros/MWh.
- From 7:00 p.m. to 8:00 p.m.: 134.17 euros/MWh.
- From 8:00 p.m. to 9:00 p.m.: 131.32 euros/MWh.
- From 9:00 p.m. to 10:00 p.m.: 131.36 euros/MWh.
- From 10:00 p.m. to 11:00 p.m.: 125.93 euros/MWh.
- From 11:00 p.m. to 12:00 a.m.: 119.93 euros/MWh.
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