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The price of electricity rises tomorrow Tuesday: the cheapest time to put a washing machine

Date: February 24, 2024 Time: 22:21:04

At what time will it be cheaper to put the washing machine tomorrow Tuesday? The average price of the electricity bill for regulated rate customers who are linked to the wholesale market will increase tomorrow Tuesday by 4.7% compared to this Monday. The average price will be 111.74 euros per megawatt hour (MWh). The average for the electricity ‘pool’ so far in June is above 89 euros/MWh, almost half of the 169 euros/MWh at which June stood a year ago.

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 which are again at 0 euros/MWh, a situation that has been repeated since February 27.

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 every month thereafter. Now, it will increase by 1.1 euros/MWh from last April, to conclude at 65 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.

By time slots, the minimum price, of 88.78 euros/MWh, will be given between 3:00 p.m. and 4:00 p.m., while the maximum price will be recorded between 9:00 p.m. and 10:00 p.m., with 142 .25 euros/MWh.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

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