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The price of electricity will drop tomorrow Tuesday: the cheapest time to put the washing machine

Date: February 24, 2024 Time: 09:56:03

The price of electricity tomorrow, Tuesday, May 23, continues the week with a small respite after it tripled today for regulated rate customers linked to the wholesale market. If we do not want to put the washing machine at more than 100 euros/MWh, we must be attentive to the cost of the time slots to do it in the cheapest and put a few euros on the energy bill. The average price of electricity so far in May is around 70.5 euros, compared to 187.13 euros that appeared in the same month last year.

Thus, the average cost of electricity for regulated rate customers linked to the wholesale market will fall by 5.7% this Tuesday compared to Monday. 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 Tuesday it will be again at 0 euros/MWh, a situation that has been repeated since February 27.

These are the most expensive and cheapest prices

By time slots, the minimum price, of 60 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 105 euros/MWh.

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 hours

From 00:00 to 01:00: 96.15 euros/MWh. From 01:00 to 02:00: 93.6 euros/MWh. From 02:00 to 03:00: 82.0 euros/MWh From 03:00 to 04:00: 80.0 euros/MWh. From 04:00 to 05:00: 79.57 euros/MWh. From 05:00 to 06:00: 79.57 euros/MWh .From 06:00 to 07:00 hours: 79.57 euros/MWh.From 07:00 to 08:00 hours: 93.46 euros/MWh.From 08:00 to 09:00 hours: 98.66 euros/ MWh. From 09:00 a.m. to 10:00 a.m.: 92.0 euros/MWh. From 10:00 a.m. to 11:00 a.m.: 83.25 euros/MWh. From 11:00 a.m. to 12:00 p.m.: 75.75 euros/MWh. From 12:00 p.m. to 1:00 p.m.: 73.87 euros/MWh From 1:00 p.m. to 2:00 p.m.: 64.92 euros/MWh. From 2:00 p.m. to 3:00 p.m.: 65.21 euros/MWh. MWh. From 4:00 p.m. to 5:00 p.m.: 60.0 euros/MWh. From 5:00 p.m. to 6:00 p.m.: 65.01 euros/MWh. From 6:00 p.m. to 7:00 p.m.: 79.57 euros /MWh. From 7:00 p.m. to 8:00 p.m.: 97.09 euros/ MWh. From 8:00 p.m. to 9:00 p.m.: 100.11 euros/MWh. From 9:00 p.m. to 10:00 p.m.: 105.0 euros/MWh. From 10:00 p.m. to 11:00 p.m.: 104.79 euros/MWh. From 11:00 p.m. to 12:00 a.m.: 98.53 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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