these will be the cheapest hours

He price of light today for regulated rate customers linked to the wholesale market, it will shoot up 84.38% compared to this Sunday, up to 92.08 euros per megawatt hour (MWh), thus leaving aside the seven free hours on the bill that he had this Sunday.

To this average price of the ‘pool’ would be added the compensation to gas companies that has to be paid by consumers who are beneficiaries of the measure, consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate, but for this Monday it will be again at 0 euros /MWh, repeating situation since last February 27.

The average price of electricity so far in April isand stands slightly above 68 euros/MWhalmost three times lower than the 184.91 euros/MWh that it registered in the same month last year.

‘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: was 40 euros/MWh for six months, rising 5 euros/MWh every month thereafter. Now, it will increase by 1.1 euros/MWh from April, to conclude at 65 euros/MWh. For this month of April, the limit is set at 56.1 euros/MWh.

Currently, the mechanism carries without effect on marginal matching processes in wholesale markets since the end of februarydue to the drop 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.

Most expensive and cheapest hours for this Monday

By time slots, the minimum price, of 25 euros/MWh, will be given between 4:00 p.m. and 5:00 p.m., while the maximum price will be recorded between 9:00 p.m. and 10:00 p.m., when it will be 136.55 euros/MWh.

  • From 00:00 to 01:00: 90 euros/MWh.
  • From 01:00 to 02:00: 91.8 euros/MWh.
  • From 02:00 to 03:00 hours: 91.82 euros/MWh.
  • From 03:00 to 04:00: 93.4 euros/MWh.​
  • From 04:00 to 05:00 hours: 100.88 euros/MWh.
  • ​From 05:00 to 06:00: 105 euros/MWh.
  • ​From 06:00 to 07:00: 115.46 euros/MWh.
  • ​From 7:00 a.m. to 8:00 a.m.: 133.8 euros/MWh.
  • ​From 8:00 a.m. to 9:00 a.m.: 135 euros/MWh.
  • ​From 9:00 a.m. to 10:00 a.m.: 126.92 euros/MWh.
  • ​From 10:00 a.m. to 11:00 a.m.: 91.76 euros/MWh.
  • ​From 11:00 a.m. to 12:00 p.m.: 75.97 euros/MWh.
  • ​From 12:00 a.m. to 1:00 p.m.: 65.89 euros/MWh.
  • ​From 1:00 p.m. to 2:00 p.m.: 60.11 euros/MWh.
  • ​From 2:00 p.m. to 3:00 p.m.: 58.21 euros/MWh.
  • ​From 3:00 p.m. to 4:00 p.m.: 25 euros/MWh.
  • From 4:00 p.m. to 5:00 p.m.: 25 euros/MWh.
  • ​From 5:00 p.m. to 6:00 p.m.: 49.81 euros/MWh.
  • ​From 6:00 p.m. to 7:00 p.m.: 64.61 euros/MWh.
  • ​From 7:00 p.m. to 8:00 p.m.: 87.71 euros/MWh.​
  • From 8:00 p.m. to 9:00 p.m.: 135.97 euros/MWh.
  • ​From 9:00 p.m. to 10:00 p.m.: 136.55 euros/MWh.
  • ​From 10:00 p.m. to 11:00 p.m.: 130 euros/MWh.
  • ​From 11:00 p.m. to 12:00 a.m.: 119.15 euros/MWh.

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