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The price of electricity tomorrow Monday goes up: be careful what time you put the washing machine on

Date: April 24, 2024 Time: 09:48:36

The price of electricity tomorrow, Monday, July 3, leaves free hours behind and skyrockets at the beginning of the week. The electricity bill will rise up to 142.4% compared to the price of this Sunday, when it marked the lowest price since the end of May, according to the results of the auction held in the wholesale market. If this weekend the electricity bill has accumulated two hours at zero euros, that is, completely free, on Saturday and up to seven on Sunday, this Monday consumers should look very carefully at what is the best time to make use of the appliances that spend the most on the electricity bill, such as the oven, the washing machine or the air conditioning.

The cap on gas will continue to not apply, because its price on the Iberian Gas Market (Mibgas) continues below the limit of 59.4 euros/MWh established by the Government for this month of July. However, electricity in Spain will be 47.7% cheaper tomorrow than a year ago, when it reached 223.69 euros/MWh, although more expensive than in neighboring countries. In Germany, its price will be 53.22 euros/MWh; in France, 67.49 euros/MWh; in the United Kingdom, 63 pounds/MWh (about 73.33 euros at the current exchange rate), and in Italy, 115.75 euros/MWh. EFECOM

The most expensive and cheapest hours of the price of electricity tomorrow, Monday, July 3

By time slots, electricity will reach its highest price between 10:00 p.m. and 11:00 p.m., with 139.49 euros/MWh, and the lowest price between 4:00 p.m. and 5:00 p.m., with 88.08 euro/MWh.

From 00:00 to 01:00: 129.29 euros/MWh. From 01:00 to 02:00 hours: 126.96 euros/MWh. From 02:00 to 03:00 hours: 112.97 euros/MWh. From 03:00 to 04:00: 112.97 euros/MWh. From 04:00 to 05:00: 121.5 euros/MWh. From 05:00 to 06:00: 126.43 euros/MWh .From 06:00 to 07:00 hours: 129.29 euros/MWh.From 07:00 to 08:00 hours: 131.61 euros/MWh.From 08:00 to 09:00 hours: 129.3 euros/ MWh. From 09:00 a.m. to 10:00 a.m.: 124 euros/MWh. From 10:00 a.m. to 11:00 a.m.: 112.97 euros/MWh. From 11:00 a.m. to 12:00 p.m.: 107.72 euros/MWh. From 12:00 p.m. to 1:00 p.m.: 107.72 euros/MWh From 1:00 p.m. to 2:00 p.m.: 107.72 euros/MWh. From 2:00 p.m. to 3:00 p.m.: 100 euros/MWh. From 3:00 p.m. to 4:00 p.m.: 90 euros/MWh. :00 a.m. to 5:00 p.m.: 88.08 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 95.2 euros/MWh From 6:00 p.m. to 7:00 p.m.: 97.84 euros/MWh. :00 a.m. to 8:00 p.m.: 117.41 euros/MWh. From 8:00 p.m. to 9:00 p.m.: 130 euros/MWh. From 9:00 p.m. to 10:00 p.m.: 138.1 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 139.49 euros/MWh. 11:00 p.m. to 12:00 a.m.: 132 euros/MWh.

The ‘Iberian exception’

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 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.

* 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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