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The price of electricity tomorrow Sunday drops: the cheapest time to put the washing machine

Date: February 24, 2024 Time: 23:03:52

The price of electricity tomorrow, Sunday, June 11, for the more than two million regulated rate customers linked to the wholesale market will drop by 16.91% compared to this Saturday. The price of electricity remains low, but without having any free hours to put on the appliances that consume the most in the home, such as the oven or the washing machine.

So far in June, the average price of the ‘pool’ stands at an average of just over 80 euros/MWh, less than half of the 198.04 euros/MWh of the same month last year.

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.

The price of electricity in the most expensive and cheapest hours tomorrow, Sunday June 11

By time slots, the minimum price, of 10 euros/MWh, will be given between 4:00 p.m. and 5:00 p.m., while the maximum price will be recorded between 9:00 p.m. and 10:00 p.m., when it will be 111.99 euros/MWh. In this way, the average for the day stands at 67.2 euros per megawatt hour (MWh).

From 00:00 to 01:00: ​90.59 euros/MWh. From 01:00 to 02:00: 89.06 euros/MWh. From 02:00 to 03:00: 89.65 euros/ MWh. From 03:00 to 04:00: 89.36 euros/MWh. From 04:00 to 05:00: 85.75 euros/MWh. From 05:00 to 06:00: 89.06 euros /MWh.From 06:00 to 07:00: 89.65 euros/MWh.From 07:00 to 08:00: 88.5 euros/MWh.From 08:00 to 09:00: 75 euros/ MWh. From 9:00 a.m. to 10:00 a.m.: 57.01 euros/MWh. From 10:00 a.m. to 11:00 a.m.: 50.61 euros/MWh. From 11:00 a.m. to 12:00 p.m.: 20 euros/MWh From 12:00 to 1:00 p.m.: 15 euros/MWh. From 1:00 p.m. to 2:00 p.m.: 20 euros/MWh. From 2:00 to 3:00 p.m.: 15 euros/MWh. From 4:00 p.m. to 5:00 p.m.: 10 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 27.92 euros/MWh. From 6:00 p.m. to 7:00 p.m.: 00 hours: 69.7 euros/MWh. From 7:00 p.m. to 8:00 p.m.: 93.46 euros/MWh. From 8:00 p.m. to 9:00 p.m.: 105.14 euros/MWh. From 9:00 p.m. to 10:00 p.m. :00 hours: 111.99 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 111.81 euros/MWh. From 11:00 p.m. to 12:00 a.m.: 103.53 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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