These are the cheapest hours of electricity this Saturday, June 18

Updated: 06/17/2022 9:18 p.m.
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The average price of electricity in the wholesale market will fall 20.4% this Saturday compared to this Friday, to 212.02 euros per megawatt hour (MWh), on the fourth day of application of the so-called 'Iberian exception'
to cap the price of natural gas
for electricity generation.

This charge, which is calculated on an hourly basis, has been placed for this Saturday at an average of 65.48 euros/MWh, compared to 88.48 euros/MWh yesterday, having to be paid by the consumers who benefit from the measure , consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate.

Peak and off-peak hours The cheapest: from 4 p.m. to 5 p.m. The most expensive: from 12 a.m. to 1 a.m.

The maximum price of electricity for this June 18 will be registered between 01:00 and 02:00, with 226.05 euros/MWh, while the minimum for the day, of 95.17 euros/MWh, will be between 17:00 and 6:00 p.m.

In the absence of the 'Iberian exception' mechanism to limit the price of gas for electricity generation, the correct application of which is being supervised by the National Commission for Markets and Competition (CNMC), the price of electricity in Spain would have been an average of around 273 euros/MWh, which is around 61 euros/MWh more than with the compensation for customers of the regulated rate, who will thus pay 22% less on average.

The price of electricity hour by hour00h - 01h: 0.38247 €/kWh01h - 02h: 0.34978 €/kWh02h - 03h: 0.3404 €/kWh03h - 04h: 0.3404 €/kWh04h - 05h: 0.34585 €/kWh05h - 06h: 0.343864 - 07h: €0.33359/kWh07h - 08h: €0.31878/kWh08h - 09h: €0.27388/kWh09h - 10h: €0.24912/kWh10h - 11h: €0.24811/kWh11h - 12h: €0.22301/kWh12h1: 0.22301 €/kWh12h1 -3 €0.2301/kWh12h1 14h: 0.1928 €/kWh14H - 15h: 0.17632 €/kWh15h - 16h: 0.16965 €/kWh16h - 17h: 0.16459 €/kWh17h - 18h: 0.16743 €/kWh18h - 19h: 0.1784 €/kWh19h - 20h: 20h: 20h: 0.206 : €0.25664/kWh21h - 22h: €0.28658/kWh22h - 23h: €0.30492/kWhh23h - 24h: €0.29312/kWh

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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