These will be the cheapest hours this Tuesday


Updated:

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The
electricity price
in the regulated market registers this Tuesday a increase compared to monday. The average price will be 0.29747 euros per kilowatt hour (kWh), while on the previous day this average amounted to 0.27857 €/kWh. The cheapest hours will be during the early morning and between 2 and 6 p.m. On the other hand, the time slot to avoid will be between 6 and 10 p.m.

peak and off-peak hours

  • The cheapest: from 4 a.m. to 5 a.m. 0.22546 €/kWh
  • The most expensive: from 8:00 p.m. to 9:00 p.m. €0.40628/kWh

The average price of electricity in the wholesale market will rise this Tuesday for the second consecutive day, with a rebound of 9% compared to the marked this Mondaywhich will once again place it at the gates of 200 euros per megawatt hour (MWh).

Specifically, the average price of the 'pool' this Tuesday will be €199.94/MWhsome 16.6 euros higher than the 183.32 euros/MWh of this Monday, according to provisional data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.

By time slots, the maximum price of electricity for this Tuesday will be between 9:00 a.m. and 10:00 a.m., with 250.79 euros/MWh, while the minimum, of 162.52 euros/MWh, will be recorded between 4:00 p.m. hours and 5:00 p.m.

The price of electricity hour by hour

  • 00-01 0.25673 €/kWh
  • 01-02 0.24954 €/kWh
  • 02-03 0.24113 €/kWh
  • 03-04 €0.23496/kWh
  • 04-05 €0.22546/kWh
  • 05-06 0.23016 €/kWh
  • 06-07 €0.26573/kWh
  • 07-08 €0.29543/kWh
  • 08-09 0.34023 €/kWh
  • 09-10 €0.32737/kWh
  • 10-11 0.37315 €/kWh
  • 11-12 €0.35158/kWh
  • 12-13 €0.32976/kWh
  • 13-14 €0.30453/kWh
  • 14-15 €0.23448/kWh
  • 15-16 €0.2351/kWh
  • 16-17 €0.2401/kWh
  • 17-18 €0.26847/kWh
  • 18-19 €0.38346/kWh
  • 19-20 €0.39637/kWh
  • 20-21 €0.40628/kWh
  • 21-22 €0.39478/kWh
  • 22-23 €0.30585/kWh
  • 23-00 €0.24864/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 prices since the middle of last year in the electricity market is explained, mainly, by the high gas prices in the markets and carbon dioxide (CO2) emission rights, at all-time highs.

The price of gas is up these days due to the escalation of tension in Ukraine. Thus, this Monday marked a price of 79.4 euros per MWh, with a rise of 2.8%, according to data from the operator Mibgas.

Compared to just a year ago, the price in the 'pool' for this Tuesday will be more than 13 times higher than the 14.85 euros/MWh of February 15, 2021.

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