These are the cheapest hours of electricity this Monday, June 20

Updated: 06/20/2022 09:20 a.m.
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The average price of electricity for regulated rate customers linked to the wholesale market will rise 45.6% this Monday compared to this Sunday, up to 258.68 euros per megawatt hour (MWh).

This increase occurs after two consecutive days of decreases coinciding with the drop in demand for
the weekend and with the end of the heat wave.

Peak and off-peak hours The cheapest: from 4 p.m. to 5 p.m. €0.23521/kWh The most expensive: from 9 p.m. to 10 p.m. €0.41294/kWh

This price for PVPC customers is the product of adding the average price of the auction in the wholesale market and the compensation that the demand will pay to the combined cycle plants for the application of the 'Iberian exception' to cap the price of gas for the generation of electricity.

In the auction, the average price of electricity in the wholesale market -the so-called 'pool'- stands at 157.48 euros/MWh for this Monday, which is 34.87 euros more than yesterday's price (122. 61 euros/MWh), a rise of 28.4%, according to data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

The price of electricity hour by hour00h - 01h: 0.3898 €/kWh01h - 02h: 0.39263 €/kWh02h - 03h: 0.40082 €/kWh03h - 04h: 0.40591 €/kWh04h - 05h: 0.40832 €/kWh05h - 06h: €0.394566 - 07h: 0.37708 €/kWh07h - 08h: 0.37473 €/kWh08h - 09h: 0.38265 €/kWh09h - 10h: 0.34903 €/kWh10h - 11h: 0.38044 €/kWh11h - 12h: 0.3464 €/kWh12h: 0.13h3 8 -39 €/kWh12h -3 9 -3 14h: €0.3124/kWh14h - 15h: €0.2526/kWh15h - 16h: €0.2435/kWh16h - 17h: €0.23521/kWh17h - 18h: €0.24375/kWh18h - 19h: €0.30224/kWh19h - 21h20. : €0.38249/kWh21h - 22h: €0.41294/kWh22h - 23h: €0.38452/kWhh23h - 24h: €0.37282/kWh

The maximum electricity price for this June 20 will be registered between 10:00 p.m. and 11:00 p.m., with 197.91 euros/MWh, while the minimum for the day, of 110.44 euros/MWh, will be between 4:00 p.m. and 5:00 p.m.

To this pool price is added the
compensation of 109.36 euros to the gas companies
, compared to 50.03 euros yesterday. 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.

8.7% less than without applying the measure

In the absence of the 'Iberian exception' mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would have been an average of around 283 euros/MWh, which is around 25 euros/MWh more than with compensation for regulated rate customers, who will thus pay 8.7% less on average.

These prices are being recorded in a context marked these days by the heat wave and high demand, with a very exceptional participation of gas plants in generation.

In fact, the demand for natural gas for electricity generation is breaking records these days and the price of gas has continued to increase as a result of reduced Russian supplies to the EU.

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