These are the cheapest hours of electricity this Monday, August 1

The average price of electricity for regulated rate customers linked to the wholesale market will rise this Monday, August 1, by 18.8% compared to this Sunday, up to 235.32 euros per megawatt hour (MWh), according to provisional data from the Operator of the Iberian Energy Market (OMIE) collected by Europa Press.

In the auction, the average price of electricity in the wholesale market -the so-called 'pool'- stands at 147.43 euros/MWh for this Monday. The maximum price will be registered from 9:00 p.m. to 10:00 p.m., with €0.378/kWh, while the minimum for the day, of €0.28444/kWh, will be between 4:00 p.m. and 5:00 p.m.

To this price of the 'pool' is added the compensation of 87.89 euros/MWh to the gas companies that has to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, they have an indexed rate.

In the absence of the 'Iberian exception' mechanism to limit the price of gas for electricity generation, the price of electricity in Spain would be on average around 286.19 euros/MWh, which is around 50 euros/MWh more than with the compensation for clients of the regulated rate, who will thus pay around 17.7% less on average.

00h - 01h: 0.31287 €/kWh

01h - 02h: 0.31809 €/kWh

02h - 03h: 0.32354 €/kWh

03h - 04h: 0.32724 €/kWh

04h - 05h: 0.33048 €/kWh

05h - 06h: 0.33258 €/kWh

06h - 07h: 0.33342 €/kWh

07h - 08h: 0.32638 €/kWh

08h - 09h: 0.33974 €/kWh

09h - 10h: 0.30951 €/kWh

10am - 11am: €0.31723/kWh

11am - 12pm: €0.31749/kWh

12pm - 1pm: €0.31881/kWh

1pm - 2pm: €0.33101/kWh

2:00 p.m. - 3:00 p.m.: €0.28724/kWh

3pm - 4pm: €0.28569/kWh

4:00 p.m. - 5:00 p.m.: €0.28444/kWh

5:00 p.m. - 6:00 p.m.: €0.29333/kWh

6:00 p.m. - 7:00 p.m.: €0.34398/kWh

7:00 p.m. - 8:00 p.m.: €0.3591/kWh

8:00 p.m. - 9:00 p.m.: €0.37292/kWh

9:00 p.m. - 10:00 p.m.: €0.378/kWh

10pm - 11pm: €0.3355/kWh

23h - 24h: €0.33644/kWh

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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