These are the cheapest hours of electricity this Saturday, July 9

07/08/2022

Updated at 8:58 p.m.

The average price of electricity for regulated rate customers linked to the wholesale market will rise 12.25% this Saturday compared to this Friday, up to 259.57 euros per megawatt hour (MWh), according to provisional data from the Operator of the Iberian Energy Market (OMIE) collected by EP.

This price for PVPC customers is the result of adding the average price of the auction in the wholesale market to 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 electricity generation.

In the auction, the average price of electricity in the wholesale market -the so-called 'pool'- will be 148.62 euros/MWh this Saturday, which is 1.89 euros more than the price for this Friday (146 .73 euros/MWh).

00h - 01h: €0.346/kWh

01h - 02h: €0.351/kWh

02h - 03h: €0.361/kWh

03h - 04h: €0.377/kWh

04h - 05h: €0.391/kWh

05h - 06h: €0.397/kWh

06h - 07h: €0.414/kWh

07h - 08h: €0.393/kWh

08h - 09h: €0.356/kWh

09h - 10h: €0.306/kWh

10am - 11am: €0.282/kWh

11am - 12pm: €0.274/kWh

12pm - 1pm: €0.276/kWh

1pm - 2pm: €0.277/kWh

2pm - 3pm: €0.276/kWh

3pm - 4pm: €0.273/kWh

4:00 p.m. - 5:00 p.m.: €0.271/kWh

5:00 p.m. - 6:00 p.m.: €0.271/kWh

6:00 p.m. - 7:00 p.m.: €0.277/kWh

7:00 p.m. - 8:00 p.m.: €0.286/kWh

8:00 p.m. - 9:00 p.m.: €0.329/kWh

9:00 p.m. - 10:00 p.m.: €0.351/kWh

10pm - 11pm: €0.354/kWh

23h - 24h: €0.349/kWh

The maximum price of electricity for this July 9 will be registered between 10:00 p.m. and 11:00 p.m., with 148.62.12 euros/MWh, while the minimum for the day, of 129.5 euros/MWh, will be given between 4:00 p.m. and 6:00 p.m.

To this price of the 'pool' is added the compensation of 110.95 euros/MWh to the gas companies (a figure that is still provisional and that usually varies compared to the definitive one and affects the percentage variations of the price), compared to 84, 52 euros/MWh registered for today. 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.

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