The price of electricity will not give truce this Sunday. Again it will be time to get up early to take advantage of the cheapest hours, which tomorrow will be between 4 and 5 in the morning. On the other hand, the time to avoid so that the bill does not go off will be between 20 and 21 hours.
Peak and valley hours
- The cheapest: from 4 to 5 at € 0.35724 / kWh
- The most expensive: from 20 to 21 at € 0.43918 / kWh
The average price of electricity in the wholesale market, which directly influences the regulated, will reach 319.63 euros per megawatt hour (MWh) this Sunday, which means registering a new all-time record by surpassing the previous one set last Friday, which reached 309.02 euros, and beating the level of 300 euros for the fourth time.
The increase in electricity costs means an increase 4.34% compared to the previous day, which recorded the most expensive Saturday in history
, with € 306.33 / MWh; While it is 24.38% higher than the same day a week ago, and it rises 622.12% compared to December 19, 2020, that is, it has multiplied by more than seven.
The maximum price of electricity for this Sunday will be between 20 and 21 hours, with € 350 / MWh, while the minimum price will be 274.90 euros between 4 and 5 hours, according to the 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 0.42359 €/kWh
- 01-02 0.40636 €/kWh
- 02-03 0.39764 €/kWh
- 03-04 0.35884 €/kWh
- 04-05 0.35724 €/kWh
- 05-06 0.35809 €/kWh
- 06-07 0.3924 €/kWh
- 07-08 0.40347 €/kWh
- 08-09 0.39917 €/kWh
- 09-10 0.40538 €/kWh
- 10-11 0.40211 €/kWh
- 11-12 0.39967 €/kWh
- 12-13 0.39443 €/kWh
- 13-14 0.39448 €/kWh
- 14-15 0.3954 €/kWh
- 15-16 0.3933 €/kWh
- 16-17 0.4005 €/kWh
- 17-18 0.42059 €/kWh
- 18-19 0.43129 €/kWh
- 19-20 0.43776 €/kWh
- 20-21 0.43918 €/kWh
- 21-22 0.4306 €/kWh
- 22-23 0.41277 €/kWh
- 23-00 0.4065 €/kWh
Why does the light go up?
The increase in price in recent months in the electricity market is mainly explained by the high gas prices in the markets and the emission rights of carbon dioxide (CO2), at all-time 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 euros / 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.
George is Digismak’s reported cum editor with 13 years of experience in Journalism