these will be the most expensive hours
The price of light morning Saturday for regulated rate customers linked to the wholesale market It will drop this Saturday by 5.49% compared to Friday, up to 153.27 euros per megawatt hour (MWh). In the auction, the average price of electricity in the wholesale market –the so-called ‘pool’– will stand this Saturday at 130.21 euros/MWh.
The maximum price will be recorded between 8:00 p.m. and 9:00 p.m., with 202.73 euros/MWh, while the minimum for tomorrowof 117.04 euros/MWh, will occur between 12:00 and 1:00 p.m., according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
To this ‘pool’ price is added the compensation to the gas companies that must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being in the free market, have an indexed rate, which for Saturday will be 23.06 euros/MWh.
The electricity bill: 27.2% less than without the mechanism
In the absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would be around 210.70 euros/MWh on average, which is around 57.43 euros/MWh more than with the compensation for regulated rate customers, who will thus pay 27.26% less on average.
The ‘Iberian mechanism’, which came into force 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 next winter, a period in which energy prices are more 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 –until December 15–, and subsequently, a monthly increase of five euros/MWh until the end of the measure.
The most expensive and cheapest hours today Friday
- From 12:00 a.m. to 1:00 a.m.: 162.93 euros/MWh.
- From 01:00 a.m. to 02:00 a.m.: 126.77 euros/MWh.
- From 02:00 to 03:00: 135.03 euros/MWh.
- From 03:00 to 04:00: 131.37 euros/MWh.
- From 04:00 to 05:00: 130.55 euros/MWh.
- From 05:00 to 06:00: 130.15 euros/MWh.
- From 06:00 to 07:00: 149.66 euros/MWh.
- From 7:00 a.m. to 8:00 a.m.: 151.37 euros/MWh.
- From 08:00 to 09:00: 158.43 euros/MWh.
- From 9:00 a.m. to 10:00 a.m.: 158.2 euros/MWh.
- From 10:00 a.m. to 11:00 a.m.: 138.15 euros/MWh.
- From 11:00 a.m. to 12:00 p.m.: 119.33 euros/MWh.
- From 12:00 p.m. to 1:00 p.m.: 117.04 euros/MWh.
- From 1:00 p.m. to 2:00 p.m.: 120.84 euros/MWh.
- From 2:00 p.m. to 3:00 p.m.: 119.56 euros/MWh.
- From 3:00 p.m. to 4:00 p.m.: 119.85 euros/MWh.
- From 4:00 p.m. to 5:00 p.m.: 162.73 euros/MWh.
- From 5:00 p.m. to 6:00 p.m.: 179.65 euros/MWh.
- From 6:00 p.m. to 7:00 p.m.: 195 euros/MWh.
- From 7:00 p.m. to 8:00 p.m.: 197.66 euros/MWh.
- From 8:00 p.m. to 9:00 p.m.: 202.73 euros/MWh.
- From 9:00 p.m. to 10:00 p.m.: 199.88 euros/MWh.
- From 10:00 p.m. to 11:00 p.m.: 186.78 euros/MWh.
- From 11:00 p.m. to 12:00 a.m.: 184.83 euros/MWh.
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