Electricity price by hour, February 10 | When is kWh cheaper and when is it more expensive?

Iberian exception, a measure that allowed Spain and Portugal to set a limit on the price of gas used to produce electricity, It has become invalid since the end of 2023.. This measure began to be applied after the war in Ukraine, which began in February 2022, intensified. the energy crisis in which our country finds itself.

He average electricity price for tariff-regulated consumers linked to the wholesale market closed in 2023 at €87.1 per megawatt-hour (MWh), what does it mean reduction by more than half (-58%) compared to 2022, when the energy crisis of the Ukrainian war raised the price to a historical 209 euros. Moreover, this data It would have been 23% higher if not for the “Iberian mechanism”.

He increase in value added tax (VAT) on electricity from the current 5% to 10%What entered into force on January 1, will mean increase in invoice value about two euros per month, according to Selectra calculations.

When will electricity become cheaper on Saturday, February 10?

According to the website of the Spanish Electricity Network, the cheapest section of electricity on Saturday, February 10, will be in 11:00 am.. The price per megawatt-hour will be 0.03888 Euro and it will be like this everywhere Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla.

When will electricity be the most expensive on Saturday, February 10?

On the other hand, electricity will be more expensive throughout the world. Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla. V 9:00 pm. from Saturday 10 February. The price per kilowatt-hour will increase to 0.08407 euro in this time interval.

How is the electricity tariff calculated?

Electricity bill is calculated according to two prices: the price for the contracted power and the price per kilowatt consumed during the month..

Except, It also depends on the type of invoice issued., which distinguishes three types of sections depending on the schedule: peak hour (section in which the price of electricity is more expensive), fixed hour (with a lower cost than the most expensive section) and off-peak hour (section in which the price of electricity is lower) . This account model was implemented starting in June.

Regarding the choice of tariff, Users can choose two optionseither at the rate offered by your marketing company, or take advantage of the regulated market through the Small Consumer Voluntary Price (PVPC).