Electricity Price by the Hour, July 28 | When is kWh cheaper and when is it more expensive?
Iberian exception, a measure that allowed Spain and Portugal to set a cap on the price of gas used to generate electricity, It has ceased to be effective since the end of 2023.. The measure was put into effect after the war in Ukraine, which began in February 2022, intensified. the energy crisis in which our country finds itself.
He the average price of electricity for tariff-regulated consumers linked to the wholesale market closed in 2023 at 87.1 euros per megawatt hour (MWh), what does it mean reduction by more than half (-58%) compared to the 2022 figure, when the energy crisis of the Ukrainian war raised the price to a historic 209 euros. In addition, these data It would have been 23% higher if not for the “Iberian mechanism”.
For the whole of 2024 this VAT on electricity is expected to be 10%.although the government introduced exceptionthat is, if the average monthly price of electricity is below 45 euros/megawatt hour (MWh), in next month for this to happen, VAT at the rate of 21% will be applied.returning to 10% if the price again exceeds 45 EUR/MWh.
Here, VAT on the price of electricity increased from 10% to 21% in March, behind decline in February from the price per megawatt hour (MWh) below 45 euros. This situation it continues to be supported.
When will electricity prices go down on Sunday, July 28?
According to the website of the Spanish Electricity Network, the cheapest section of electricity on Sunday, July 28, will be in 14:00.The price per kilowatt-hour will be 0.02310 euro V Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla.
Increase
When will electricity be most expensive on Sunday, July 28?
On the other hand, electricity will become more expensive all over the world. Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla. V 10:00 pm. on Sunday, July 28, at a price per kilowatt-hour 0,17109 Euro.
Increase
How is the electricity tariff calculated?
The electricity bill is calculated based on two prices: the price for the contractual capacity and the price per kilowatt consumed during the month..
Except, It also depends on the type of invoice issued.which differentiates three types of sections depending on the schedule: peak hour (section where the price of electricity is more expensive), fixed hour (with a lower cost than the most expensive section) and off-peak hour (section with a lower price of electricity). This billing model was implemented starting in June.
As for the choice of tariff, Users can choose two optionseither at the tariff offered by your marketing company, or take advantage of the regulated market through the Voluntary Pricing for Small Consumers (PVPC).