Sunday, August 14

These are the cheapest hours on Sunday to save on the bill

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The average price of electricity in the wholesale market it will fall this Sunday for the third consecutive day and will be below the level of 200 euros per megawatt hour (MWh) for the first time since December 8, specifically, to 188.53 euros / MWh, according to the data published by the Iberian Energy Market Operator (OMIE).

Peak and valley hours

  • The cheapest: from 5 to 6 at € 0.19161 / kWh
  • The most expensive: from 7:00 p.m. to 8:00 p.m. at € 0.30373 / kWh

The price of the ‘pool’ will be reduced this Sunday by 16.73% compared to that of this Saturday, while the reduction compared to its maximum historical record, which was reached last Thursday with 383.67 euros / MWh, is 50 % after three consecutive days of decreases that coincide with several holidays in much of the world and that cause demand to be much lower due to the lack of activity of companies and large consumers.

In any case, the cost of electricity in the wholesale market continues to skyrocket when compared with the records of the same day of the previous year, when the price stood at 32.86 euros / MWh. The increase this Sunday compared to December 26, 2020 is 473.73%, that is, it is almost six times more expensive.

The price of electricity hour by hour

  • 00-01 0,29107 €/kWh
  • 01-02 0,25094 €/kWh
  • 02-03 0,24032 €/kWh
  • 03-04 0,24144 €/kWh
  • 04-05 0,19658 €/kWh
  • 05-06 0,19161 €/kWh
  • 06-07 0,19251 €/kWh
  • 07-08 0,22357 €/kWh
  • 08-09 0,23473 €/kWh
  • 09-10 0,24448 €/kWh
  • 10-11 0,25265 €/kWh
  • 11-12 0,25593 €/kWh
  • 12-13 0,25232 €/kWh
  • 13-14 0,24525 €/kWh
  • 14-15 0,24518 €/kWh
  • 15-16 0,24751 €/kWh
  • 16-17 0,25220 €/kWh
  • 17-18 0,27027 €/kWh
  • 18-19 0,29457 €/kWh
  • 19-20 0,30373 €/kWh
  • 20-21 0,29160 €/kWh
  • 21-22 0,25170 €/kWh
  • 22-23 0,23721 €/kWh
  • 23-00 0,21941 €/kWh

The reasons for the increase in the price of electricity

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. Specifically, gas exceeds 110 euros per MWh and CO2 is above 80 euros per ton.

December is being a month marked by great volatility, with falls in the average of some days to around € 100 / MWh and with certain rises that widely exceed the level of € 200 / MWh. In fact, so far this month the average is already at € 216 / MWh, which, if it continues like this, would exceed the record of last October, which was the most expensive month in history.

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Reference-www.abc.es

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