These are the cheapest hours of electricity this Wednesday, June 22

These are the cheapest hours of electricity this Wednesday, June 22

Updated: 06/21/2022 22:05h
Related news

The average price of electricity for regulated rate customers linked to the wholesale market will rise 4.4% this Wednesday compared to this Tuesday, up to 282.12 euros per megawatt hour (MWh).

This increase, which follows that of this Tuesday, occurs after the declines of the weekend, coinciding with the drop in demand
and with the end of the heat wave.

Peak and off-peak hours The cheapest: from 3 p.m. to 4 p.m. €0.29974/kWh The most expensive: from 9 p.m. to 10 p.m. €0.46188/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 for this Wednesday at 152.75 euros/MWh, which is 4.72 euros more than the price of this Tuesday (148 .03 euros/MWh), an increase of 3.18% according to data from the Iberian Energy Market Operator (OMIE), collected by Europa Press.

The price of electricity hour by hour00h - 01h: 0.3608 €/kWh01h - 02h: 0.36396 €/kWh02h - 03h: 0.3637 €/kWh03h - 04h: 0.36889 €/kWh04h - 05h: 0.37886 €/kWh05h - 06h: 0.387016h4: 0.387016h - 07h: €0.37509/kWh07h - 08h: €0.38815/kWh08h - 09h: €0.39471/kWh09h - 10h: €0.35206/kWh10h - 11h: €0.38627/kWh11h - 12h: €0.37532/kWh12h: €0.37532/kWh12h1 -5 €0.337h3: 0.37532 €/kWh12h1 14h: 0.36674 €/kWh14h - 15h: 0.30881 €/kWh15h - 16h: 0.29974 €/kWh16h - 17h: 0.30053 €/kWh17h - 18h: 0.3044 €/kWh18h - 19h: 0.36021 €/kWh19h - 20h: 0.39013 : €0.43427/kWh21h - 22h: €0.46188/kWh22h - 23h: €0.42263/kWhh23h - 24h: €0.42117/kWh

The maximum electricity price for this June 22 will be registered between 10:00 p.m. and 11:00 p.m., with 195.66 euros/MWh, while the minimum for the day, of 132.66 euros/MWh, will be between 6:00 p.m. and 7:00 p.m.

To this pool price is added the
compensation of 129.37 euros to the gas companies
, compared to 122.14 euros on Tuesday. 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.

4.7% 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 296 euros/MWh, which is around 14 euros/MWh more than with compensation for regulated rate customers, who will thus pay 4.7% less on average.

View commentsTopics

Source link