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The price of electricity tomorrow Sunday drops: there will be seven free hours for the washing machine

Date: June 18, 2024 Time: 11:02:40

The price of electricity tomorrow, Sunday, July 2, will once again be a relief for pockets. The electricity bill will drop by up to 19.99% compared to today’s price, Saturday, which means marking the lowest price since the end of May, according to the results of the auction held today in the wholesale market. If this Saturday the electricity bill has accumulated two hours at zero euros, that is, completely free, for the following day there will be up to seven free hours to use the appliances that they spend on the electricity bill, such as air conditioning or the washing machine.

The month of July began with the lowest electricity prices for more than a month, on May 21, when 31.52 euros/MWh were paid for electricity, since before the fall on Sunday, the Saturday, the price stood at 60.34 euros/MWh. Likewise, the cap on gas will continue to not be applied due to the fact that its price on the Iberian Gas Market (Mibgas) continues below the limit established by the Government, which during the month of July will rise to 59.4 euros/MWh.

The most expensive and cheapest hours of the price of electricity tomorrow, Sunday, July 2

By time slots, the minimum price, of 0 euros/MWh, will be recorded between 9:00 a.m. and 1:00 p.m., and 3:00 p.m. and 6:00 p.m., when electricity will not be paid, while the maximum price will be given between 10:00 p.m. and 11:00 p.m., with 130 euros/MWh.

From 00:00 to 01:00: 107.59 euros/MWh. From 01:00 to 02:00: 85.2 euros/MWh. From 02:00 to 03:00: 75.73 euros/MWh .From 03:00 to 04:00 hours: 72.68 euros/MWh.From 04:00 to 05:00 hours: 72.68 euros/MWh.From 05:00 to 06:00 hours: 72.68 euros/ MWh. From 06:00 to 07:00: 72.68 euros/MWh. From 07:00 to 08:00: 70 euros/MWh. From 08:00 to 09:00: 11.46 euros/MWh .From 9:00 a.m. to 10:00 a.m.: 0 euros/MWh. From 10:00 a.m. to 11:00 a.m.: 0 euros/MWh. From 11:00 a.m. to 12:00 p.m.: 0 euros/MWh. From 12:00 p.m. to 1:00 p.m.: 0 euros/MWh. 2:00 p.m.: 1.64 euros/MWh. From 2:00 p.m. to 3:00 p.m.: 1.64 euros/MWh. From 3:00 p.m. to 4:00 p.m.: 0 euros/MWh. From 4:00 p.m. to 5:00 p.m. :00 hours: 0 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 0 euros/MWh. From 6:00 p.m. to 7:00 p.m.: 1.64 euros/MWh. From 7:00 p.m. to 8:00 p.m. : 25 euros/MWh. From 8:00 p.m. to 9:00 p.m.: 107.59 euros/MWh. From 9:00 p.m. to 10:00 p.m.: 124.57 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 130.0 euros/MWh .From 11:00 p.m. to 12:00 a.m.: 125.9 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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