Electricity price today, March 4, by range and area: When is it cheaper?

He wholesale electricity price in Spainwhich serves as a benchmark for regulated tariff customers, or PVPC, bids farewell to annual lows in 2022, the most turbulent year in its history that led to an energy policy agreed by European partners.

He average price of a megawatt-hour today, March 4. in Spain it is 7.95 EUR/MWh (according to OMIE). Currently, due to gas restrictions, the price of daily MWh is reduced.

Electricity prices: average, minimum and maximum prices for Monday, March 4, 2024.

AVERAGE PRICE OF THE DAY: 0.0857 euro/kWh

LOWEST PRICE OF THE DAY: 0.0516 €/kWh from 6:00 to 7:00 hours

HIGHEST PRICE OF THE DAY: 0.14131 EUR/kWh from 20:00 to 21:00.

Price per kWh of electricity per hour:

00h

0.05357 euro/kWh

01h

0.05175 euro/kWh

02h

0.05453 euro/kWh

03h

0.05546 €/kWh

04h

0.0551 euro/kWh

05h

0.05422 euro/kWh

06h

0.0516 €/kWh

07h

0.06612 euro/kWh

08h

0.09371 euro/kWh

09h

0.08143 EUR/kWh

10 a.m

0.12441 euro/kWh

11 am

0.12077 euro/kWh

12 hours

0.12109 euro/kWh

13:00

0.12056 euro/kWh

14:00

0.06929 EUR/kWh

3 pm

0.06899 EUR/kWh

16:00

0.07103 euro/kWh

17:00

0.07224 euro/kWh

18 hours

0.1209 EUR/kWh

19:00

0.12854 euro/kWh

8 pm

0.14131€/kWh

21:00

0.13331€/kWh

22:00

0.07736€/kWh

23:00

0.07018€/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.