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The price of electricity rises tomorrow Saturday: the cheapest hours to put the washing machine

Date: June 7, 2023 Time: 05:06:02

What time can you put the washing machine on tomorrow Saturday? The price of electricity for regulated rate customers linked to the wholesale market this Saturday is 31.8% compared to this Friday and will stand at 86.42 euros per megawatt hour (MWh).

To this average price of the ‘pool’ would be added the compensation to the gas companies, which must be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market , have an indexed rate, but for this Saturday it will be again at 0 euros/MWh, a situation that has been repeated since February 27.

The average price of electricity so far in May is above 71.8 euros/MWh, compared to 188 euros/MWh that occurred in the same month last year. By Time Bands, the Minimum Pressio, of 57.85 Euros/Mwh, will be given between 4:00 p.m. and 5:00 p.m., while the Maximum Price will be registered between 11:00 p.m. and 12:00 p.m. at 110 Euros/mwh.

The so-called ‘Iberian exception’ has been extended until December 31, after the agreement reached by Spain and Portugal with the European Commission. Thus, it is extended for seven months, until the end of this year, and it is not excluded that it could be extended for a longer time if said framework is also extended.

Specifically, the agreement not only represents an extension of the Iberian exception that has already been 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 agreement, the aforementioned reference price for gas had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, rising 5 euros/MWh each month thereafter. Now, it will increase by 1.1 euros/MWh from April, to conclude at 65 euros/MWh. For this month of May, the limit is set at 57.2 euros/MWh.

Currently, the Mechanism has had no effect on the Marginal Matching Processes in the Wholesale Markets at the end of February, due to the drop in the price of Natu Natural Gas below the thresholds set for its application, but, if necessary, the extension It will allow maintaining a reasonable price, not so dependent on the evolution of natural gas.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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