It is already known what the hourly price of electricity is for tomorrow, Sunday, February 4, 2024, and the amount of electricity for the following days will be known from approximately 13:00 on the OMIE website.
This is speed electricity price per hour tomorrowSunday 4:
OMI
| Watch | Euro/MWh |
|---|---|
| from 0:00 to 1:00 | 66.62 |
| from 1:00 to 2:00 | 64.78 |
| from 2:00 to 3:00 | 64.91 |
| from 3:00 to 4:00 | 63.92 |
| from 4:00 to 5:00 | 61.75 |
| from 5:00 to 6:00 | 61.75 |
| from 6:00 to 7:00 | 60 |
| from 7:00 to 8:00 | 59.8 |
| from 8:00 to 9:00 | 63.92 |
| from 9:00 to 10:00 | 53 |
| from 10:00 to 11:00 | 44.7 |
| from 11:00 to 12:00 | 40 |
| from 12:00 to 13:00 | 34.28 |
| From 13:00 to 14:00. | 35.65 |
| From 14:00 to 15:00. | 35 |
| from 15:00 to 16:00 | 32 |
| from 16:00 to 17:00 | 43.35 |
| from 17:00 to 18:00 | 54.93 |
| from 18:00 to 19:00 | 77.5 |
| from 19:00 to 20:00 | 89 |
| from 20:00 to 21:00 | 129.81 |
| From 9:00 to 22:00. | 119.77 |
| from 22:00 to 23:00 | 82.94 |
| from 23:00 to 00:00 | 75 |
The average daily price for electricity this Sunday, February 4, 2024, will be 63.1 euros per megawatt hour (MWh), according to OMIE (the electricity market operator appointed to manage the daily and intraday electricity market in the Iberian Peninsula).
This is a slight increase compared to the volume of electricity on the regulated market on Saturday, February 3, when it was 60.32 euros/MWh.
The lowest price will be on Sunday the 4th. between 15:00 and 16:00. hours, the period during which the amount pool
On Saturday it will be 32 euros/MWh (39.81 euros).The highest price of the day will be recorded. from 20:00 to 21:00with a cost of 129.81 euros/MWh, which will be higher than on Saturday (95.68 euros/MWh), according to OMIE, where you can find out the price of tomorrow’s electricity hourly.
In a broader range, the price of electricity tomorrow in Madrid, Barcelona and the rest of Spain (except Ceuta and Melilla) will not fall below 75 euros/MWh from 18:00 to 1:00 the next day.
If you don’t want your electricity bill to skyrocket, if possible, you should avoid turning on appliances during timeslots when today’s regulated electricity price is higher, such as those mentioned above.
The Red Eléctrica Española website publishes daily the hourly electricity price curve for consumers covered by the PVPC (Voluntary Price for Small Consumers).
This is the price per kWh of electricity per hour on Saturday, February 3, 2024:
| Watch | Euro/kWh |
|---|---|
| 00:00 – 01:00 | 0.0999 |
| 01:00 – 02:00 | 0.0972 |
| 02:00 – 03:00 | 0.09638 |
| 03:00 – 04:00 | 0.0974 |
| 04:00 – 05:00 | 0.09837 |
| 05:00 – 06:00 | 0.09993 |
| 06:00 – 07:00 | 0.10018 |
| 07:00 – 08:00 | 0.10262 |
| 08:00 – 09:00 | 0.10523 |
| 09:00 – 10:00 | 0.10004 |
| 10:00 – 11:00 | 0.09111 |
| 11:00 – 12:00 | 0.08106 |
| 12:00 – 13:00 | 0.07596 |
| 13:00 – 14:00 | 0.07328 |
| 14:00 – 15:00 | 0.07587 |
| 15:00 – 16:00 | 0.0845 |
| 16:00 – 17:00 | 0.09315 |
| 17:00 – 18:00 | 0.10737 |
| 18:00 – 19:00 | 0.12279 |
| 19:00 – 20:00 | 0.13075 |
| 20:00 – 21:00 | 0.14076 |
| 21:00 – 22:00 | 0.13859 |
| 22:00 – 23:00 | 0.1313 |
| 23:00 – 24:00 | 0.11365 |
The price schedule for electricity tomorrow, Sunday, February 4, 2024, at which it will be cheaper, is as follows – they are all below 45 euros/MWh -:
The price of PVPC electricity today, tomorrow and any other day is set by the daily electricity market.
It is called pool (which in Spanish can mean either “pool” or “group” or “storage”), as power generating companies, through their respective generating plants (nuclear, hydro, renewable, combined cycle, etc.) run each of their next day offers.
With such supply, demand is satisfied (based on a series of estimates) at a market price called the marginal price.
Finally, this day-to-day activity is called “matching” supply and demand, although in electrical engineering jargon it is also known as “daily dispatching.” This is an auction conducted by the market operator, which in Spain is the company OMIE. This is an hourly discrimination rate and its price depends on market volatility.
Unlike the previous one, the price of electricity on the free market is set by marketers themselves, who usually offer the opportunity to combine gas and electricity supplies in one company. Usually the price is fixed, which gives the user more confidence in how much they are going to pay.
On the other hand, being in liberalized electricity market This requires the consumer to pay more attention to the contract rate as well as price revisions. “There are good opportunities for savings, but there is also a risk of paying much more,” warns the OCU.
Starting from the seventh calendar day of the following month, OMIE publishes the monthly average price. Currently this information is available until December 2023.
This was the average PVPC electricity price for all of 2023:
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