The price of electricity drops tomorrow. Regulated tariff customers in Spain will experience a notable reduction in prices because a drop of 21.5% is expected compared to today’s electricity price data, placing the average cost at 85 euros per megawatt hour (MWh). . This change represents a significant trend, taking into account that the average price during November exceeds 62.2 euros/MWh, a marked contrast to 115 euros the previous year. Even so, there will be many customers who look for the cheapest time to use some appliances, such as putting on the washing machine. And they will do it because the most expensive time of day the price will once again exceed 100 euros and it is best to avoid it if we want to save on the electricity bill.
The most expensive and cheapest hours of the day.
That is why customers should be attentive to hourly fluctuations in the price of electricity. The price is expected to reach its most expensive price, with a cost of 100.28 euros/MWh, between 8:00 p.m. and 9:00 p.m. On the other hand, the cheapest price will be 57.79 euros/MWh during the time slot from 2:00 p.m. to 3:00 p.m.
The price of electricity tomorrow by the hour.
00:00 to 01:00: 92.07 euros/MWh01:00 to 02:00: 90.1 euros/MWh02:00 to 03:00: 90.2 euros/MWh03:00 to 04:00: 85.0 euros/MWh04:00 to 05:00: 79.84 euros/MWh05:00 to 06:00: 81.1 euros/MWh06:00 to 07:00: 90.1 euros/MWh07:00 to 08:00: 92 .5 euros/MWh08:00 to 09:00: 95.16 euros /MWh09:00 to 10:00: 94.73 euros/MWh10:00 to 11:00: 92.0 euros/MWh11:00 to 12:00 : 80.0 euros/MWh12:00 to 13:00: 65.0 euros/MWh13:00 to 14:00: 60.0 euros/MWh14:00 to 15:00: 57.79 euros/MWh15:00 to 16 :00: 59.3 euros/MWh16:00 to 17:00: 69.54 euros/MWh17:00 to 18:00: 92.0 euros/ MWh18:00 to 19:00: 97.97 euros/MWh19:00 to 20:00: 96.35 euros/MWh20:00 to 21:00: 100.28 euros/MWh21:00 to 22:00: 97.97 euros/MWh22:00 to 23:00: 93.1 euros/MWh 23:00 to 24:00: 88.01 euros/MWh
What is the Iberian exception agreement?
The so-called ‘Iberian exception’, an agreement between Spain, Portugal and the European Commission, has been extended until the end of this year. This mechanism seeks to adapt to current market needs, offering a respite to consumers in the face of the challenges imposed by the fluctuation in the price of natural gas. With this agreement, certain additional costs that significantly impacted consumers in previous months have been eliminated.
The future of the energy market.
Currently, the ‘Iberian exception’ is valid until December 31, 2023. This mechanism, which could be extended if circumstances require it, attempts to soften the price reference. The reference price of gas, which previously increased by five euros per month, is now increasing more gradually.
What does Iberian exception mean?
The ‘Iberian exception’ represents a joint effort by Spain and Portugal to moderate natural gas prices in the energy market. This agreement, in its original version, established an average price of 48.8 euros/MWh, starting at 40 euros/MWh and increasing gradually. This measure seeks to balance prices and protect consumers from extreme fluctuations in the market.
Thus, the current energy landscape shows a substantial change in electricity prices, providing some relief to consumers. However, it is crucial to be aware of the variations and understand how these measures affect individuals and groups. The ‘Iberian exception’ remains a key factor in this context, providing a framework for stability and predictability in a constantly evolving market.
THE NAIS IS OFFICIAL EDITOR ON NAIS NEWS