Monday, July 4

These will be the hours with the cheapest electricity this Wednesday

Madrid

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The price of electricity in the regular rate gives a break this Wednesday, although the most expensive hours will reach 0.29727 euros per kilowatt hour. Therefore, to save on the electricity rate, it will be necessary to avoid turning on the electrical appliances that consume the most from 4:00 p.m. to 2:00 a.m., according to data published by Red Eléctrica de España. Meanwhile, the hcheaper hours they will understand between 3 a.m. to 8 a.m. and from 11 a.m. to 1 p.m.

In addition, the half price will drop to € 0.14695 / kWh, almost half of the registered this Tuesday, when it reached € 0.2804 / kWh in the regulated market.

Peak and valley hours

  • The cheapest: from 12 to 13 at € 0.02997 / kWh
  • The most expensive: from 20 to 21 at € 0.29727 / kWh

The average price of electricity in the wholesale market will plummet 48.7% this Wednesday compared to this Tuesday

up to 108.73 euros per megawatt hour (MWh), according to data from the Iberian Electricity Market Operator (OMIE) collected by EP.

Wholesale market prices have a direct impact on the regulated tariff (PVPC), to which they are covered almost 11 million consumers in the country, and serves as a reference for the other 17 million that have contracted their supply in the free market. The maximum cost of electricity for this Wednesday will be between 20 and 21 hours, with € 238.75 / MWh, while the minimum price will be 14 euros, between 5 and 6 hours.

The fall of this Wednesday, which is a national holiday, is similar to that which occurred last Sunday, when the price of electricity in the wholesale market fell more than 50% in relation to the previous day, although both the Monday and Tuesday, the price returned to above 200 euros.

The price of electricity hour by hour

  • 00-01 0.22915€/kWh
  • 01-02 0.15628€/kWh
  • 02-03 0.14701€/kWh
  • 03-04 0.06557€/kWh
  • 04-05 0.04101€/kWh
  • 05-06 0.0393€/kWh
  • 06-07 0.05313€/kWh
  • 07-08 0.05148€/kWh
  • 08-09 0.09606€/kWh
  • 09-10 0.07904€/kWh
  • 10-11 0.12809€/kWh
  • 11-12 0.03655€/kWh
  • 12-13 0.02997€/kWh
  • 13-14 0.07368€/kWh
  • 14-15 0.12232€/kWh
  • 15-16 0.11071€/kWh
  • 16-17 0.18415€/kWh
  • 17-18 0.22613€/kWh
  • 18-19 0.24799€/kWh
  • 19-20 0.2879€/kWh
  • 20-21 0.29727€/kWh
  • 21-22 0.29607€/kWh
  • 22-23 0.27729€/kWh
  • 23-00 0.25076€/kWh

Why is the price of electricity going up?

In annual terms, the price of this Wednesday, December 8, will be 295.67% higher, that is, almost four times more expensive than just a year ago, when electricity cost € 27.48 / MWh. On the other hand, the price of electricity this Wednesday will be 56% lower than a week ago, a day in which the third most expensive day of the historical series was registered with € 247.21 / MWh, and it will also be 35 , 15% cheaper than a month ago.

The rise in prices in the electricity market in recent months is mainly explained by high gas prices in the markets and carbon dioxide (CO2) emission rights, at record highs this year.

With this rise, the electricity bill of an average user with the regulated tariff -the so-called PVPC- stood at November at 115.18 euros, 68.1% above the 68.50 euros for the same month last year, thus being the second most expensive bill in history after last October, according to data from Facua-Consumidores en Acción .

In this way, the association considers that the electricity bill for December would have to be negative for the promise of the Prime Minister, Pedro Sánchez, that this year consumers will pay the same as in 2018 once the CPI has been discounted.

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Reference-www.abc.es

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