Categories: Business

Electricity price today, January 21, hourly

Every day you can know with absolute certainty that price of light hourly the next day.

The price for January 21 is already known, and the price for tomorrow’s electricity will be known on the OMIE website starting at 13:00 Sunday.

This hourly electricity rate Today:

Hourly electricity price today, January 21.

Watch	Euro/MWh
from 0 to 1	85.78
1 to 2	69.07
2 to 3	59.11
from 3 to 4	58.2
from 4 to 5	58.2
from 5 to 6	57.57
from 6 to 7	57.5
from 7 to 8	57.5
from 8 to 9	59
from 9 to 10	60.1
from 10 to 11	59
from 11 to 12	58.64
from 12 to 13	56.8
from 13 to 14	56.36
from 14 to 15	47.42
from 15 to 16	52.67
from 16 to 17	53.75
from 17 to 18	56.89
from 18 to 19	64.89
from 19 to 20	83.98
from 20 to 21	93.52
from 21 to 22	95.62
from 22 to 23	94.52
from 23 to 24	76.84

Average daily price

According to OMIE (the electricity market operator appointed to manage the daily and intraday electricity market in the Iberian Peninsula), the average price of the day on Sunday, January 21, 2024 will be 64.4 euros per megawatt hour (MWh), representing a decrease compared to the price of electricity on the regulated market this Saturday in January (80.53 euros).

Lowest price of the day

The lowest price of the day will be between 14 and 15 hours, during the period when pool price

On Saturday it will be 47.42 euros/MWh (63.68 euros).

Highest price of the day

In OMIE you can check the price of electricity today by the hour. As for the highest price of the day, it will be recorded from 21:00 to 22:00 and from 20:00 to 21:00, its cost will be 95.62 euros, which is slightly lower than Saturday (99.94).

In a wider range, electricity price today in MadridBarcelona and other Spanish cities (except Ceuta and Melilla) will not fall below 50 euros/MWh during the day.

That is, if you do not want your electricity bill to increase sharply, if possible, avoid turning on appliances during those time intervals in which the price of electricity today in the regulated tariff is higher.

When will electricity become cheaper today?

As for the electricity price schedules today, January 21, when it will become cheaper, they are as follows.

All of them are below 55 EUR/MWh:

From 14 to 15: 47.52 euros/MWh.
From 15 to 16: 52.67 euros.
From 16:00 to 17:00: 53.75 euros.

Price of electricity on the regulated market

The PVPC electricity price tomorrow and any day is set by the daily electricity market. It is called a pool (which means “pool” in Spanish) because the generating companies, through their respective generating stations (nuclear, hydraulic, renewable, combined cycle, etc.

), they “throw” each of their proposals into this pool the next day.

Through these supplies, market demand is satisfied (based on a series of estimates) at a market price called the marginal price.

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 carried out by the market operator, which in Spain is OMIE. This is an indicator time discrimination and its price depends on market volatility.

Price of electricity on the free market

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. “The truth is that there are good opportunities for savings, but there is also the risk of paying much more,” the OCU notes.

Average monthly price of PVC

Starting from the seventh calendar day of the following month, OMIE publishes the monthly average price. Currently this information is available until December 2023.

It was average electricity price PVPC this year: