these are the most expensive and cheapest hours

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the price of electricity morning, Friday October 21, up 24% until the 106 euros per megawatt hour (MWh) on average, on the second day in which the so-called “Iberian mechanism” will not be applied since it came into force on June 15, according to the results of the auction held this Wednesday in the wholesale electricity market. The gas cap will not apply tomorrow for the second time due to the fact that the price of natural gas has fallen below 40 euros/MWh in the Iberian Gas Market (Mibgas), the maximum price established by the Government, to 31.8 euros.

In addition, the This Friday’s price will once again exceed 100 euros/MWh after two consecutive days below this barrier, with the lowest prices of the year: 80.6 euros/MWh on Wednesday and 85.4 euros/MWh this Thursday. The maximum price will be registered between 9:00 p.m. and 10:00 p.m., with 172.76 euros/MWh, while the minimum for the day, of 75 euros/MWh, will be between 03:00 and 04:00.

The most expensive and cheapest hours

  • From 00:00 to 01:00: 87.54 euros/MWh.
  • From 01:00 a.m. to 02:00 a.m.: 75.16 euros/MWh.​
  • ​From 02:00 a.m. to 03:00 a.m.: 72.34 euros/MWh.
  • ​From 03:00 a.m. to 04:00 a.m.: 72.87 euros/MWh.
  • From 4:00 a.m. to 5:00 a.m.: 79.57 euros/MWh.
  • ​From 5:00 a.m. to 6:00 a.m.: 84.98 euros/MWh.
  • From 6:00 a.m. to 7:00 a.m.: 93.16 euros/MWh.
  • ​From 07:00 a.m. to 08:00 a.m.: 109.99 euros/MWh.
  • ​From 08:00 a.m. to 09:00 a.m.: 117.73 euros/MWh.
  • ​From 09:00 a.m. to 10:00 a.m.: 119.11 euros/MWh.
  • ​From 10:00 a.m. to 11:00 a.m.: 114.23 euros/MWh.
  • ​From 11:00 a.m. to 12:00 p.m.: 112.42 euros/MWh.
  • From 12:00 a.m. to 1:00 p.m.: 109.4 euros/MWh.
  • ​From 1:00 p.m. to 2:00 p.m.: 106.23 euros/MWh.
  • ​From 2:00 p.m. to 3:00 p.m.: 103.1 euros/MWh.
  • ​From 3:00 p.m. to 4:00 p.m.: 103.14 euros/MWh.
  • From 4:00 p.m. to 5:00 p.m.: 106.09 euros/MWh.
  • ​From 5:00 p.m. to 6:00 p.m.: 111.83 euros/MWh.
  • ​From 6:00 p.m. to 7:00 p.m.: 109.32 euros/MWh.
  • ​From 7:00 p.m. to 8:00 p.m.: 117.37 euros/MWh.
  • ​From 8:00 p.m. to 9:00 p.m.: 172.76 euros/MWh.
  • ​From 9:00 p.m. to 10:00 p.m.: 135.43 euros/MWh.
  • ​From 10:00 p.m. to 11:00 p.m.: 113.52 euros/MWh.
  • From 11:00 p.m. to 12:00 a.m.: 113.2 euros/MWh.

The final price is the result of adding to the €108/MWh of the wholesale market the provisional adjustment to be paid by the beneficiaries of the gas ceiling to compensate the plants that use this material to generate electricity, which tomorrow will be negative again, standing at -2 euros/MWh. This negative figure is due to the fall in the price of gas in the Spanish market, which will be below 40 euros/MWh again tomorrow, and to the use of congestion rents obtained as a result of cross-border electricity trade between France and Spain, 50% of which is used to cover the adjustment paid by consumers.

In this sense, the cheaper gas It coincides with the largest wind generation, which has marked this Thursday its production record for the last six months, concentrating about 42% of the national total. By time bands, always excluding such adjustment, the highest price will be reached between 8:00 p.m. and 9:00 p.m., when it will reach 173 euros/MWh; while the cheapest will be registered between 2:00 and 3:00, at a rate of 75 euros/MWh.

The final price for tomorrow will be about half that of a year ago, when it reached 208 euros. In Italy, electricity will be paid tomorrow at 197 euros/MWh, while in Germany, at 163.5 euros/MWh; in France, at 158 ​​euros MWh; and in the United Kingdom, at 93 pounds (about 107 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.

Source: lainformacion.com

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