Categories: Business

Electricity price tomorrow, January 31, hourly

Every day you can know with absolute certainty that electricity price per hour the next day.

The date of January 31 is already known, and the price of electricity for the day after tomorrow will be known through the OMIE website, starting at 13:00 Wednesday.

This electricity tariff tomorrow for a few hours:

OMI

Hourly electricity price tomorrow, January 31

Watch	Euro/MWh
from 0 to 1	74.09
1 to 2	71.48
2 to 3	70.89
from 3 to 4	69.82
from 4 to 5	69.25
from 5 to 6	74.01
from 6 to 7	84.44
from 7 to 8	93.29
from 8 to 9	120.23
from 9 to 10	93.23
from 10 to 11	82.98
from 11 to 12	72.19
from 12 to 13	70.01
from 13 to 14	66.5
from 14 to 15	65.8
from 15 to 16	64.95
from 16 to 17	66.26
from 17 to 18	77
from 18 to 19	91
from 19 to 20	119.47
from 20 to 21	168.35
from 21 to 22	94.54
from 22 to 23	85
from 23 to 24	77.52

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 Wednesday, January 31, 2024 will be 84.26 euros per megawatt hour (MWh), representing an increase of compared to the price of electricity on the regulated market on Tuesday, January 30 (€81.28).

Lowest price of the day

The lowest price of the day will be between 15 and 16 hours, during the period when price pool

It will be 64.95 euros/MWh, which is higher than on Tuesday (64 euros).

Highest price of the day

In OMIE you can check tomorrow’s hourly electricity price. As for the highest price of the day, it will be recorded from 20 to 21 with a cost of 168.35 euros, which is higher than Tuesday (123.22).

In a wider range, electricity price tomorrow in MadridBarcelona and the rest of Spain (except Ceuta and Melilla) will not fall below 100 euros/MWh from 8:00 to 9:00 and from 19:00 to 21:00.

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

Price per kWh of electricity per hour

The Red Eléctrica Española website publishes daily the hourly electricity price curve for consumers covered by PVPC.

This is the price per kWh of electricity per hour on January 30, 2024:

Watch	Euro/kWh
0	0.11435
1	0.11076
2	0.11425
3	0.11022
4	0.10892
5	0.11552
6	0.12269
7	0.13075
8	0.16069
9	0.15139
10	0.18810
eleven	0.18044
12	0.17739
13	0.17765
14	0.13178
fifteen	0.13278
16	0.14113
17	0.15259
18	0.21538
19	0.22441
twenty	0.24431
twenty one	0.20973
22	0.15302
23	0.14239

When will electricity become cheaper tomorrow?

As for electricity prices tomorrow, January 31, when they become cheaper, they are as follows.

All of them are below 70 EUR/MWh:

From 3 to 4: 69.82 EUR/MWh.
From 4 to 5: 69.25 euros.
From 13:00 to 14:00: 66.5 euros.
From 14:00 to 15:00: 65.8 euros.
From 15:00 to 16:00: 64.95 euros.

From 16:00 to 17:00: 66.26 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 power generating companies, through their respective generating plants (nuclear, hydro, renewable, combined cycle, etc.) “throw” each of them into this pool. next day offers.

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.

This was the average PVPC electricity price this year: