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The price of electricity tomorrow Friday goes up: be careful with putting the washing machine on at this time

Date: March 4, 2024 Time: 04:12:29

The price of electricity tomorrow, Friday, June 16, will rise again. Regulated rate customers linked to the wholesale market will once again face a rise in the electricity bill due to the 16.7% rise in the price compared to this Thursday. In addition, it is important to know the highest and lowest prices will be to use the appliances that are most consumed, such as the washing machine. If we do it at the most expensive time, the price will be around the barrier of 150 euros/MWh. This day the price of light will register the highest price since mid-March.

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.

Thus, the average price for the wholesale electricity market tomorrow, Friday, will be 122.42 euros/MWh. By time slots, the minimum price, of 97.01 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 156 .13 euros/MWh. up to 122.42 euros per megawatt hour (MWh), which is the highest price since mid-March.

These are the most expensive and cheapest prices tomorrow Friday June 16

From 00:00 to 01:00: 126.16 euros/MWh. From 01:00 to 02:00: 122.98 euros/MWh. From 02:00 to 03:00: 122.98 euros/MWh .From 03:00 to 04:00 hours: 122.98 euros/MWh.From 04:00 to 05:00 hours: 113.05 euros/MWh.From 05:00 to 06:00 hours: 117.72 euros/ MWh. From 06:00 to 07:00: 132.0 euros/MWh. From 07:00 to 08:00: 149.83 euros/MWh. From 08:00 to 09:00: 145.59 euros /MWh. From 09:00 to 10:00: 124.16 euros/MWh. From 10:00 a.m. to 11:00 a.m.: 112.2 euros/MWh. From 11:00 a.m. to 12:00 p.m.: 108.99 euros/MWh. From 12:00 p.m. to 1:00 p.m.: 107.35 euros/MWh From 1:00 p.m. to 2:00 p.m.: 106.76 euros/MWh. From 2:00 p.m. to 3:00 p.m.: 103.31 euros/MWh. MWh. From 4:00 p.m. to 5:00 p.m.: 97.1 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 100.1 euros/MWh. From 6:00 p.m. to 7:00 p.m.: 118.75 euros /MWh. From 7:00 p.m. to 8:00 p.m.: 126.0 euros/MWh. From 8:00 p.m. to 9:00 p.m.: 137.0 euros/MWh. From 9:00 p.m. to 10:00 p.m.: 156.13 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 151.85 euros/MWh. From 11:00 p.m. to 12:00 a.m.: 138.18 euros/MWh.

The Government has given the green light to the new PVPC regulated tariff

Last Tuesday, the Council of Ministers passed the modification of the PVPC, also known as the Voluntary Price for Small Consumers, which will come into force on January 1, 2024. The purpose of this measure is to reduce instability in electricity prices , which has intensified since the summer of 2021 due to the increase in gas and CO2 emission rights, a situation that has been aggravated by the Russian invasion of Ukraine.

The new regulated tariff will take into account correction factors to reflect the daily market price, showing more stable prices in the future three months and one year. This will allow a basket of prices in the medium and long term to avoid drastic fluctuations, but without neglecting short-term price references that promote saving and efficient consumption.

* 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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