These will be the cheapest hours of electricity this Wednesday, February 9


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The
electricity price
in the regulated market registers this Wednesday a rise with respect to the previous day. The average price will be €0.30788 euros per kilowatt hour (kWh), while on the previous day this average amounted to €0.30055/kWh. The cheapest hours will be during the early morning and between 05 and 06. On the other hand, the time slot to avoid will be between 7:00 p.m. and 8:00 p.m. and between 10:00 and 11:00 a.m.

The cheapest hours will be between XX hours and XX hours. On the other hand, the time slot to be avoided will be between XX hours and XX hours.

peak and off-peak hours

  • The cheapest: from 5 a.m. to 6 a.m. 0.24089 €/kWh
  • The most expensive: from 7:00 p.m. to 8:00 p.m. €0.41843/kWh

The average price of electricity in the wholesale market will rise this Wednesday by 3.3% compared to this Tuesday and will once again be above 210 euros per megawatt (MWh), a level that has not been exceeded since February 2.

Specifically, the average price of the 'pool' will stand this Wednesday at 210.52 euros/MWh, almost seven euros more than the 203.7 euros/MWh of this Tuesday and its average level for one day will be the highest in so far in February, according to provisional data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.

By time slots, the maximum electricity price for this Wednesday will be between 9:00 a.m. and 10:00 a.m., with 210.52 euros/MWh, while the minimum, 182.59 euros/MWh, will be recorded between 5:00 hours and 6.00 hours.

The price of electricity hour by hour

  • 00-01 0.25009 €/kWh
  • 01-02 0.24414 €/kWh
  • 02-03 0.24404 €/kWh
  • 03-04 €0.24298/kWh
  • 04-05 €0.24175/kWh
  • 05-06 €0.24089/kWh
  • 06-07 €0.25856/kWh
  • 07-08 €0.29831/kWh
  • 08-09 €0.33622/kWh
  • 09-10 0.32114 €/kWh
  • 10-11 €0.37142/kWh
  • 11-12 €0.35073/kWh
  • 12-13 €0.33892/kWh
  • 13-14 €0.33278/kWh
  • 14-15 €0.2574/kWh
  • 15-16 €0.26367/kWh
  • 16-17 €0.26725/kWh
  • 17-18 €0.30246/kWh
  • 18-19 €0.4109/kWh
  • 19-20 €0.41843/kWh
  • 20-21 €0.40195/kWh
  • 21-22 €0.39776/kWh
  • 22-23 €0.31132/kWh
  • 23-00 0.2861 €/kWh

The prices of the 'pool' have a direct impact on the regulated rate -the so-called PVPC-, to which almost 11 million consumers in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market .

The increase in the electricity market in recent months is mainly explained by the
high gas prices
in the markets and carbon dioxide (CO2) emission rights, at all-time highs this year.

Compared to just a year ago, the price in the 'pool' for this Wednesday will be more than 29 times higher at 7.1 euros/MWh on February 9, 2021.

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