For this Sunday, April 9, the average price per megawatt hour in the ‘electric pool’ will be 75.57 euros/MWh. To this must be added 0 euros/MWh of compensation to the gas companies, which must be paid (in this case, subtracted) by the consumers benefiting from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, they have an indexed rate. Thus, the final average price will be 75.57 euros per megawatt hour (MWh).

This figure is 12.7% lower than on Saturday, when the final average price was 86.62 euros.

What time is electricity cheaper?

According to OMIE data and not counting compensation to gas companies, the cheapest electricity time will be in the afternoon. Specifically, between 4 pm and 5 pm, when electricity will cost 0.1 euros/MWh.

What time is electricity most expensive?

The most expensive time to turn on the light will be at night, between 00:00 and 01:00, when it will cost 127.99 euros/MWh.

How much does electricity cost per hour?

– From 00 to 01: 127.99 euros/MWh.

– From 01 to 02 hours: 117.86 euros/MWh.

– From 2 am to 3 am: 119.83 euros/MWh.

– From 3 am to 4 am: 117.99 euros/MWh.

– From 4 am to 5 am: 118.24 euros/MWh.

– From 5 am to 6 am: 117.86 euros/MWh.

– From 6 am to 7 am: 120 euros/MWh.

– From 7 am to 8 am: 118.9 euros/MWh.

– From 8 am to 9 am: 122.98 euros/MWh.

– From 9 am to 10 am: 90 euros/MWh.

– From 10:00 am to 11:00 am: 40.02 euros/MWh.

– From 11 am to midnight: 32.58 euros/MWh.

– From 12h to 13h: 25 euros/MWh.

– From 1 pm to 2 pm: 5.5 euros/MWh.

– From 2 pm to 3 pm: 1.5 euros/MWh.

– From 3 pm to 4 pm: 1.5 euros/MWh.

– From 4 pm to 5 pm: 0.1 euros/MWh.

– From 5 pm to 6 pm: 1.5 euros/MWh.

– From 6 pm to 7 pm: 4.17 euros/MWh.

– From 7 pm to 8 pm: 63.96 euros/MWh.

– From 8 pm to 9 pm: 117.86 euros/MWh.

– From 9 pm to 10 pm: 126.39 euros/MWh.

– From 10 pm to 11 pm: 115 euros/MWh.

– From 23:00 to 24:00: 106.96 euros/MWh.

Why does the price of electricity fluctuate so much?

The main cause of price fluctuations is that the price of gas is experiencing sharp increases and its use is essential for the production of energy in so-called combined cycle plants. Thus, any impact on the price of gas has an almost immediate impact on the price of electricity.

The impact of the ‘Iberian exception’

The Iberian exception was extended until December 31, following the agreement reached by Spain and Portugal with the European Commission. Thus, it extends for seven months, until the end of this year, and it is not excluded that it can be extended for a longer time if the referred framework is also extended.

Specifically, the agreement not only represents an extension of the Iberian exception that was already applied, but also implies 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 contract, the aforementioned gas reference price had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, increasing by 5 euros/MWh every month thereafter. Now, it will increase by 1.1 euros/MWh from April, to close at 65 euros/MW.

Currently, the mechanism has had no effect on the marginal matching processes in the wholesale markets since the end of February, due to the fall in the price of natural gas below the thresholds defined for its application, but, if necessary, the extension will make it possible to maintain a price reasonable, not so dependent on the evolution of natural gas.