These will be the cheapest hours on Tuesday



electricity price
in the regulated market this Tuesday registers a decrease compared to Monday. The average price will be 0.30635 euros per kilowatt hour (kWh), while on the previous day this average amounted to 0.32473 €/kWh. The cheapest hours They will be concentrated in the early morning and between 2 and 5 p.m.

peak and off-peak hours

  • The cheapest: from 4 a.m. to 5 a.m. 0.23166 €/kWh
  • The most expensive: from 7:00 p.m. to 8:00 p.m. 0.41482 €/kWh

The average price of electricity in the wholesale market will drop again this Tuesday,
falling 6.9%
compared to this Monday, although it will remain above the level of 200 euros per megawatt hour (MWh).

Specifically, the average price of the 'pool' will be 206.54 euros/MWh on the first day of February, about 15 euros below 221.82 euros/MWh this Monday, according to data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.

By time slots, the maximum electricity price for this Tuesday will be between 8:00 p.m. and 9:00 p.m., with 253 euros/MWh.

The price of electricity hour by hour

  • 00-01 0.26975 €/kWh
  • 01-02 €0.25472/kWh
  • 02-03 €0.25665/kWh
  • 03-04 €0.25077/kWh
  • 04-05 €0.23166/kWh
  • 05-06 €0.24466/kWh
  • 06-07 0.25319 €/kWh
  • 07-08 €0.28809/kWh
  • 08-09 €0.3396/kWh
  • 09-10 €0.31994/kWh
  • 10-11 €0.34646/kWh
  • 11-12 0.34041 €/kWh
  • 12-13 €0.34071/kWh
  • 13-14 €0.33841/kWh
  • 14-15 €0.2698/kWh
  • 15-16 €0.24766/kWh
  • 16-17 €0.27302/kWh
  • 17-18 €0.30283/kWh
  • 18-19 €0.40955/kWh
  • 19-20 €0.41482/kWh
  • 20-21 0.41113 €/kWh
  • 21-22 €0.3811/kWh
  • 22-23 €0.2854/kWh
  • 23-00 0.28216 €/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, 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 a year ago, the price in the 'pool' for this Tuesday will be 1,635% higher than the 11.9 euros/MWh that it registered on February 1, 2021, a day that yes in which a price was marked especially low due to the high presence of renewables in generation.

the most expensive year

Electricity closed 2021 as the most expensive year in the historical series, with an average price of 111.93 euros/MWh due to the upward spiral registered in the pool in the second half.

The month of December registered an average monthly price in the wholesale electricity market of 239.1 euros, the highest monthly price in history after exceeding the 200 euros/MWh of last October by more than 39 euros.

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