Electricity price tomorrow, Thursday, June 6 | The price of electricity will change this Thursday, June 6, according to a new tariff: these are the cheapest hours for connecting household appliances.

He average electricity price this ThursdayOn June 6, it rises again for the fourth day in a row and amounts to 93.42 €/MWh, a less pronounced increase than in previous days, by 0.17% compared to Wednesday. However, Spanish consumers will not have periods of negative or zero euros, which have not been the case throughout the week.

Afternoon time again most recommended. However, prices are still very far from the very high rates that were paid after the outbreak of the war in Ukraine, when figures above 400 EUR/MWh were recorded in 2022.

Electricity cost per hour

On Thursday, energy prices will reach their maximum. maximum peak from 21:00 to 22:00, when it will cost 122.37 euros per megawatt hour. Bye Minimum price It will be registered from 15:00 to 16:00, then its cost will be 55.9 euros/MWh. The price between 14:00 and 15:00 should also not be excluded, which, according to the Iberian Electricity Market Operator (OMIE), amounts to 56.2 euros.

New tariff

In May, the average bill for a family with a PVPC tariff was 54 euros (48.85 euros in April). This increase occurs after April with completely unknown prices on the wholesale market (13.3 EUR/MWh), with moments of even negative prices. Despite this increase, VAT continues to remain at its usual level of 21%, as the VAT reduction to 10% only applies if the wholesale price exceeds €45/MWh.

It is worth remembering that in April last year negative prices were recorded for the first time in the history of the electricity market, and in March we already saw one of the lowest average pool prices in history for the month: 20 EUR/MWh, which is half the average price recorded in February, and 77.5% less than in March 2023, when it was 89.6 euros/MWh.

VAT 21%

The last Council of Ministers last year approved an increase in the VAT rate on electricity from 5% to 10% and maintaining this rate until the end of 2024, subject to maintaining MWh prices on the wholesale market. high, above these 45 euros/MWh.

In particular, VAT will become 21% if the wholesale price is below this level in the calendar month preceding the last day of invoice. That is, all bills that include consumption for at least one day in March will have VAT of 21%. Only households receiving the social bonus are exempt from this increase, as their VAT will remain at 10% through 2024.

Best rate

Now, with generation prices almost at zero, 8.5 million PVPC tariff users (3% of the total) benefit from almost ridiculous electricity costs of just four or five eurocents per kWh by adding fixed costs to the price. 0 euro generation. However, those who operate in the free market pay at least ten cents per kW consumed.

Calculation method

In addition, the “pool” does not fully reflect the final amount of the electricity price for the consumer subject to a regulated tariff, since with the introduction in 2024 a new method of calculating PVPC was adopted, which includes a basket of prices in the medium and long term to avoid large fluctuations without losing short-term price targets that promote savings and efficient consumption.

Thus, the share of the pool price link will be gradually reduced to include links to futures markets, so that they will be 25% in 2024, 40% in 2025 and 55% starting in 2026.

To reduce your consumption and lower your energy bills, you can follow these tips:

Appliances

To reduce the consumption of household appliances, it is advisable to:

– Turn off electrical appliances when you are away from home for a long period (vacation). Especially the fridge freezer which consumes up to 30% of the total consumption of the home.

– Don’t leave them on standby as they continue to spend even when they are not consuming.

– Try to use a sundial to dry your clothes.

Hot water

It is always recommended:

– Use hot water wisely. It is advisable to ensure that the tap is never left open more than necessary.

– Overall water temperature between 30°C and 35°C It may be enough.

Lightning

It is advisable:

– Gradually replace incandescent and halogen lamps with LED lamps, as they consume ten times less energy than incandescent lamps and have a service life ten times longer, saving up to 85% of energy.

– Make the most of natural light by turning off lights in naturally lit areas and anywhere there are open spaces or glass walls that encourage passive viewing.