These will be the hours with the cheapest electricity this Saturday, the most expensive since there are records


Madrid

Updated:

Keep

The
light price
It gives a breather, but is not as wide as usual on the weekends. In fact, this is Saturday with the most expensive electricity in history at the regulated rate. The
Saturday of last week
the average price of the day will be 0.30179 euros per kilowatt hour (kWh) and this is 0.38189 € / kWh.

Peak and valley hours

  • The cheapest: from 4 to 5 at € 0.34024 / kWh
  • The most expensive: from 7:00 p.m. to 8:00 p.m. at € 0.42364 / kWh

The average price of electricity in the wholesale market, which directly influences the regulated tariff, will reach 306.33 euros per megawatt hour (MWh) tomorrow, which means that it will be the most expensive Saturday in history and the second highest record to date.

In this way, the price of electricity will remain above the level of 300 euros for the third consecutive day, despite the slight drop in its price (-0.92%) -something common on weekends due to the drop in demand- compared to that of this Friday, December 17, which registers the maximum value of the historical series with € 309.2 / MWh.

The cost of electricity is 27.88% when compared to the same day a week ago, while it rises by 523.8% compared to December 18, 2020, that is, it has multiplied by more than six.

The maximum price of electricity in the wholesale market for this Saturday will be between 9:00 p.m. and 10:00 p.m., with € 342.03 / MWh, while the minimum price will be 265.77 euros between 5 and 6 a.m. according to data published by the Iberian Energy Market Operator (OMIE) and collected by EP.

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

The price of electricity hour by hour

  • 00-01 0.38923 € / kWh
  • 01-02 0.37947 € / kWh
  • 02-03 € 0.38055 / kWh
  • 03-04 0.34578 € / kWh
  • 04-05 0.34024 € / kWh
  • 05-06 0.34873 € / kWh
  • 06-07 € 0.35238 / kWh
  • 07-08 0.37745 € / kWh
  • 08-09 0.38933 € / kWh
  • 09-10 0.38852 € / kWh
  • 10-11 0.38336 € / kWh
  • 11-12 € 0.37854 / kWh
  • 12-13 € 0.37864 / kWh
  • 13-14 0.35981 € / kWh
  • 14-15 0.35306 € / kWh
  • 15-16 € 0.37249 / kWh
  • 16-17 € 0.38529 / kWh
  • 17-18 € 0.39522 / kWh
  • 18-19 0.41776 € / kWh
  • 19-20 0.42364 € / kWh
  • 20-21 0.42362 € / kWh
  • 21-22 € 0.4054 / kWh
  • 22-23 € 0.39971 / kWh
  • 23-00 € 0.39725 / kWh

Why does the light go up?

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

December began as a month marked by great volatility, with declines in the average of some days to around € 100 / MWh and with certain spikes that widely exceeded the level of € 200 / MWh and now € 300 / MWh.

But nevertheless, Since December 9, the price of electricity has not dropped below 200 euros and in the last week it has run amok, placing the average monthly price at 235 euros, that is, 35 euros more than last October, the month with the most expensive average to date.

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