Saturday, October 1

These will be the cheapest daylight hours on Thursday

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The average price of electricity in the wholesale market will rebound this Thursday by 10.8% compared to Wednesday, climbing again above the level of 200 euros per megawatt hour (MWh), a level that had not been touched since last day of Christmas.

The cheapest time tomorrow will be between 5 and 6 in the morning. On the contrary, the most expensive time and the one that we must avoid to plug in the electrical appliances will be between 18 and 19.

Peak and valley hours

  • The cheapest: from 5 to 6 at € 0.23634 / kWh
  • The most expensive: from 6 to 7 p.m. at € 0.34342 / kWh

Despite this rise, the price for this Wednesday remains far from the historical highs of last week, when it was reached up to 383.67 euros / MWh.

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 48.98 euros / MWh.

The increase this Wednesday compared to December 30, 2020 is almost four times more.

The price of electricity hour by hour

  • 00-01 0.2626 €/kWh
  • 01-02 0.24856 €/kWh
  • 02-03 0.24045 €/kWh
  • 03-04 0.23734 €/kWh
  • 04-05 0.23689 €/kWh
  • 05-06 0.23634 €/kWh
  • 06-07 0.25262 €/kWh
  • 07-08 0.25607 €/kWh
  • 08-09 0.29798 €/kWh
  • 09-10 0.29438 €/kWh
  • 10-11 0.26843 €/kWh
  • 11-12 0.25514 €/kWh
  • 12-13 0.25559 €/kWh
  • 13-14 0.26173 €/kWh
  • 14-15 0.24892 €/kWh
  • 15-16 0.24393 €/kWh
  • 16-17 0.25796 €/kWh
  • 17-18 0.30228 €/kWh
  • 18-19 0.34342 €/kWh
  • 19-20 0.34315 €/kWh
  • 20-21 0.33964 €/kWh
  • 21-22 0.33023 €/kWh
  • 22-23 0.27632 €/kWh
  • 23-00 0.26069 €/kWh

The prices of the ‘pool’ have a direct effect on the regulated tariff –the so-called PVPC–, which is covered by 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 increase in price in recent months in the electricity market is mainly explained by the high gas prices in the markets and carbon dioxide (CO2) emission rights, at all-time highs this year.

The Government has extended until April 30 the tax cut included in the electricity bill paid by all consumers in order to alleviate the negative effect that the rise in the price of electricity is causing on citizens.

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Reference-www.abc.es

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