Electricity price today, February 24, by range and area: When is it cheaper?

Wholesale price for electricity

Spain saw strong growth after hitting an annual low in 2022. This year has been particularly turbulent for the energy sector, leading to a review of the country’s energy policy in cooperation with European partners.

Average price of a megawatt hour today 24 February in Spain it is 6.94 EUR/MWhAccording to OMIE. Currently, due to gas restrictions, the price of daily MWh is reduced.

Electricity prices: average, minimum and maximum prices for Saturday, February 24, 2024.

AVERAGE PRICE OF THE DAY: 0.0498 EUR/kWh

LOWEST PRICE OF THE DAY: 0.03994 EUR/kWh from 13:00 to 14:00.

HIGHEST PRICE OF THE DAY: 0.07597 EUR/kWh from 20:00 to 21:00.

Price per kWh of electricity per hour:

00h

0.05162 euro/kWh

01h

0.04965 euro/kWh

02h

0.04991 euro/kWh

03h

0.05018 euro/kWh

04h

0.0515 €/kWh

05h

0.05151 euro/kWh

06h

0.05232 euro/kWh

07h

0.05215 €/kWh

08h

0.04939 EUR/kWh

09h

0.04548 euro/kWh

10 a.m

0.04532 euro/kWh

11 am

0.04032 euro/kWh

12 hours

0.04048 euro/kWh

13:00

0.03994 euro/kWh

14:00

0.04015 euro/kWh

3 pm

0.04129 euro/kWh

16:00

0.04211 euro/kWh

17:00

0.04649 EUR/kWh

18 hours

0.04959 EUR/kWh

19:00

0.05793 EUR/kWh

8 pm

0.07597€/kWh

21:00

0.0683€/kWh

22:00

0.05448€/kWh

23:00

0.04918€/kWh

What factors influence price increases?

price escalation which affects much of Europe is driven, among other things, by rising prices on international markets for gas, which is used in combined cycle power plants and which sets the market price most hours, and by rising carbon costs. dioxide (CO2) emissions rights.