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

Date: June 17, 2024 Time: 07:27:09

The price of electricity tomorrow June 19 for the more than two million customers with the regulated rate linked to the wholesale market will rise 23.53% compared to Sunday. In this way, the price of electricity leaves the falls behind and soars again at the beginning of the week, when activity increases. This Sunday, customers have not had any free hours to take advantage of and use the appliances that consume the most, such as the oven or the washing machine.

The average for the wholesale electricity market so far in June stands at 88.23 euros/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 which are again at 0 euros/MWh, a situation that has been repeated since February 27.

Electric bill cheaper than a year ago

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.

These are the most expensive and cheapest prices tomorrow Monday June 19

By time slots, the minimum price, of 85.90 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 144 .68 euros/MWh. In this way, the average for the day will be 106.72 euros per megawatt hour (MWh).

From 00:00 to 01:00: 106.37 euros/MWh. From 01:00 to 02:00: 93.49 euros/MWh. From 02:00 to 03:00: 100 euros/MWh. 03:00 to 04:00 hours: 100 euros/MWh. From 04:00 to 05:00 hours: 90.69 euros/MWh. From 05:00 to 06:00 hours: 95.61 euros/MWh. From 06 From 00:00 to 07:00: 109.78 euros/MWh. From 07:00 to 08:00: 130.15 euros/MWh. From 08:00 to 09:00: 132.23 euros/MWh. 9:00 a.m. to 10:00 a.m.: 115.33 euros/MWh. From 10:00 a.m. to 11:00 a.m.: 103.78 euros/MWh From 11:00 a.m. to 12:00 p.m.: 97.02 euros/MWh From 12:00 p.m. to 1:00 p.m.: 93.11 euros/MWh From 13 :00 a.m. to 2:00 p.m.: 90 euros/MWh. From 2:00 p.m. to 3:00 p.m.: 87 euros/MWh. From 3:00 p.m. to 4:00 p.m.: 85.9 euros/MWh. From 4:00 p.m. to 5:00 p.m.: 86 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 93 euros/MWh. From 6:00 p.m. to 7:00 p.m.: 87.3 euros/MWh. From 7:00 p.m. to 8:00 p.m. hours: 110.75 euros/MWh. From 8:00 p.m. to 9:00 p.m.: 131.73 euros/MWh. From 9:00 p.m. to 10:00 p.m.: 144.68 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 142.86 euros/MWh .From 11:00 p.m. to 12:00 a.m.: 134.48 euros/MWh.

The Government has approved the new PVPC regulated tariff

Last Tuesday, the Council of Ministers discovered the modification of the PVPC, also known as the Voluntary Price for Small Consumers, which will be in force as of January 1, 2024. The main objective of this measure is to reduce price volatility of electricity, which it has received with difficulty since the summer of 2021 due to the increase in gas prices and CO2 emission rights. This situation has been aggravated by Russia’s invasion of the Ukraine.

The new regulated tariff will take into consideration various corrective factors to reflect the daily market price, it will demonstrate more stable prices three months and one year into the future. This will make it possible to establish a basket of prices in the medium and long term, avoiding drastic fluctuations. However, short-term price references will also be maintained to encourage savings 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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