These are the cheapest hours of electricity this Friday, July 1

These are the cheapest hours of electricity this Friday, July 1

Updated: 06/30/2022 21:19h
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The average price of electricity for regulated rate customers linked to the wholesale market will rise this Friday by 15.16% compared to today and, specifically, it will stand at 222.27 euros per megawatt hour (MWh).

In the auction, the average price of electricity in the wholesale market -the so-called 'pool'- will stand this Friday at 145.22 euros/MWh, which is about 13 euros more than the price for this Thursday (132, 13 euros/MWh) and an increase of 9.9%, according to data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

Peak and off-peak hours The cheapest: from 4 pm to 5 pm €0.26977/kWh The most expensive: from 9 pm to 10 pm €0.36202/kWh

To this price of the 'pool' is added the compensation of 77.05 euros/MWh to the gas companies (a figure that is still provisional and that usually varies compared to the definitive one), compared to the 60.88 euros/MWh registered for today, Thursday.

This compensation must be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate.

The price of electricity hour by hour00h - 01h: 0.29296 €/kWh01h - 02h: 0.30291 €/kWh02h - 03h: 0.30642 €/kWh03h - 04h: 0.31248 €/kWh04h - 05h: 0.31953 €/kWh05h - 06h: 0.3209 €/kWh09: 0.3209h - 07h: 0.31129 €/kWh07h - 08h: 0.30431 €/kWh08h - 09h: 0.30804 €/kWh09h - 10h: 0.2945 €/kWh10h - 11h: 0.33577 €/kWh11h - 12h: 0.33537 €/kWh12h 1 -3 14h: 0.33561 €/kWh14h - 15h: 0.27965 €/kWh15h - 16h: 0.27408 €/kWh16h - 17h: 0.26977 €/kWh17h - 18h: 0.26987 €/kWh18h - 19h: 0.30518 €/KWh19h - 20h: 20h: 20h: 0.331 : €0.351/kWh21h - 22h: €0.36202/kWh22h - 23h: €0.31404/kWhh23h - 24h: €0.31249/kWh

Compared to a year ago, the price of electricity for clients of the regulated rate for this Friday is 140.44% more than the 92.44 euros/MWh that the 'pool' marked on average on July 1, 2021.

The Iberian mechanism, which entered into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh over a period of twelve months, thus covering the coming winter, a period in which energy prices are more expensive.

Specifically, the 'Iberian exception' sets a path for natural gas for electricity generation at a price of 40 euros/MWh in the initial six months, and subsequently, a monthly increase of five euros/MWh until the end of the measure .

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