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HomeLatest NewsThe price of electricity tomorrow Sunday goes down with one free hour...

The price of electricity tomorrow Sunday goes down with one free hour to put the washing machine

Date: March 3, 2024 Time: 17:49:23

The price of electricity tomorrow Sunday for the more than two million customers with the regulated rate linked to the wholesale market will fall by 30.37% compared to this Saturday, to 31.52 euros per megawatt hour (MWh). In the middle of the weekend, the electricity bill will be able to mark an hour at 0 euros/MWh, that is free, without a doubt the best time to use the appliances that add the most to the electricity bill, such as the oven or the washing machine.

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 for this Sunday it will again be at 0 euros/MWh, a situation that has been repeated since February 27.

The average price of electricity so far in May is slightly above 69 euros/MWh, compared to 189.77 euros/MWh that increased in the same period last year.

Extension of 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 April, to conclude at 65 euros/MWh. For this month of May, the limit is set at 57.2 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

By time slots, the minimum price, of 0 euros/MWh, will be given between 10:00 a.m. and 11:00 a.m., while the maximum price will be recorded between 9:00 p.m. and 10:00 p.m., when it will be 91 euros/MWh. But throughout the day on this Sunday there is a time slot between 9:00 a.m. and 6:00 p.m., where the price of electricity will be below 5 euros/MWh.

From 00:00 to 01:00: 52.2 euros/MWh. From 01:00 to 02:00 hours: 40.04 euros/MWh. From 02:00 to 03:00 hours: 33.88 euros/MWh. From 03:00 to 04:00: 28.77 euros/MWh. From 04:00 to 05:00: 29.95 euros/MWh. From 05:00 to 06:00: 28.26 euros/MWh .From 06:00 to 07:00: 30.81 euros/MWh.From 07:00 to 08:00: 27.55 euros/MWh.From 08:00 to 09:00: 20 euros/MWh. From 9:00 a.m. to 10:00 a.m.: 2.14 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.: 1.5 euros/MWh From 12:00 p.m. to 1:00 p.m.: 1.6 euros/MWh. From:00 to 2:00 p.m.: 2.91 euros/MWh. From 2:00 p.m. to 3:00 p.m.: 4.16 euros/MWh. From 3:00 p.m. to 4:00 p.m.: 1.6 euros/MWh. 4:00 p.m. to 5:00 p.m.: 1.6 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 4.16 euros/MWh. From 6:00 p.m. to 7:00 p.m.: 41.34 euros/MWh. From 7:00 p.m. to 8:00 p.m.: 61.33 euros/MWh. From 8:00 p.m. to 9:00 p.m.: 78.12 euros/MWh. From 9:00 p.m. to 10:00 p.m.: 91 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 89.94 euros/MWh. 11:00 p.m. to 12:00 a.m.: 83.5 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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