Electricity price by hour, January 30 | 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 prices become cheaper on Tuesday, January 30?

According to the website of the Spanish Electricity Network, the cheapest section of electricity on Tuesday, January 30, will be at 04:00 hours. The price per megawatt-hour will be 0.10892 Euro and it will be like this everywhere Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla.

When will electricity be the most expensive on Tuesday, January 30?

On the other hand, light will be more expensive 8:00 pm. on Tuesday, January 30, throughout Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla. The price per kilowatt-hour will increase to 0.24431 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.