He price of light This Thursday, June 27, on the wholesale market it will reach an average of 89.1 euros per megawatt hour (MWh). More than two million consumers on a regulated tariff will see a reprieve today Electricity bill after Wednesday marked the highest price since January 12 last year, when it reached €97.17 MWh. The reduction in electricity prices also applies to tomorrow, Friday, the price of which will drop compared to today to 82.04 euros MWh (7.92% less). This is according to the Iberian Energy Market Operator (OMIE).
Affected Consumer Accounts regulated market or voluntary price for small consumers (PVPC) consist of an energy term that represents what is consumed and changes every hour. This, in turn, consists of a “combined” price, tolls and other services necessary for the proper functioning of the electrical system. In addition, revenues include other concepts such as contract capacity, taxes (eg VAT) and equipment rental.
The final cost is something you will have to take into account to try it. keep and choose the cheapest time slots to use the devices that use the most energy, e.g. washing machine. Here’s what prices look like today.
So, this Thursday electricity falls by 8.31%. Despite this small reduction, users should be wary of the most expensive watches that will exceed the 120 euro-megawatt-hour barrier. Without a doubt, these will be the hours when you can avoid using the appliances that use the most energy, such as the washing machine or dishwasher, and be able to save on your energy bills, as experts recommend. He the maximum price will be reached 120.73 euros MWh and will be recorded from 7:00 to 8:00. According to the Iberian Energy Market Operator (OMIE), the minimum price will be 42.45 euros MWh and will be carried out between 16:00 and 17:00.
Tomorrow, Friday, the price of electricity will drop again to 82.04 euros MWh on average. He Maximum price The value of 113.3 euros per MWh will be reached, which will be fixed from 22:00 to 23:00. According to the Iberian Operator of the Energy Market (OMIE), the minimum price will be 35.02 euros per MWh and will be implemented from 16:00 to 18:00.
As we indicated, the price of consumed electricity (energy term) in the regulated tariff depends on several factors, therefore can never be free despite the fact that the price on the wholesale market is zero euros per hour.
From January 1, 2024, a new PVPC calculation structure is applied to index it to the prices of derivatives markets and reduce its volatility, which affects the calculation of the term energy regulated rate. This hourly price curve is the result of adding the cost of energy production (the “pool”), transportation and distribution charges, and fees corresponding to the energy consumed.
In turn, the cost of production consists of hourly price based on daily energy market data published by the Iberian Electricity Market Operator (OMIE). In addition, these prices also take into account the cost of adjustment services managed by Electrical network as a system operator, in addition to other concepts included in the current rules.
The PVPC with TD Rate 2.0, effective June 1, 2021, replaced the three that existed prior to May 31, 2021, with a single one that has time discrimination in three periods for the application of tolls and regulatory fees. He more expensive (rush hour) will be in the morning from 10:00 to 14:00 and in the evening from 18:00 to 22:00. He half price (regular times) in the morning from 8:00 to 10:00, in the afternoon from 14:00 to 18:00 and at night from 22:00 to midnight. He cheaper (off-peak time) ranges from 0 to 8. All of these times will apply in Peninsula, Balearic and Canary IslandsIn Ceuta and Melilla, periods start and end one hour later, except for a fixed period between 23:00 and 24:00.
These periods apply to energy and power in the electricity bills of those consumers covered by PVPC – contracted power up to 10 kW – throughout the country.
When we buy new technologyIt is important to consider three fundamental aspects: their energy efficiency, using them correctly (some even have saving modes) and ensuring that their consumption adapts to our needs. Electricity bill. However, there are some devices that tend to consume more power than others.
He DishwasherAlthough this appliance is not found in all homes, it is one of the ones that require the highest electricity consumption. According to OCU calculations, it can consume up to 246 kWh per year, which is approximately 7% of total energy consumption and leads to an additional 74 euros on the annual electricity bill. The same thing happens with washing machine, which can consume up to 255 kWh per year, that is, about 77 euros in addition to the annual bill. Finally, and quite logically, Fridgewhose average consumption is 662 kWh per year, which means an increase in the annual rate of approximately 199 euros in the case of PVPC.
The last Council of Ministers in 2022 approved an increase in VAT on electricity from 5% to 10% and maintaining this rate until the end of 2024, provided that prices per MWh on the wholesale market remain the same. above 45 euro/MWh. If the wholesale price had been below this level in the calendar month preceding the last settlement day, VAT would have been 21%. Only households receiving the social bonus are exempt from this increase, keeping VAT at 10% until 2024.
To date, the average price for June is 55.21 euro megawatt-hour (MWh) or the same 0.552177 euro/kWh with a forecast of 73.75 euro megawatt-hour (MWh) for July. “This means that if the established limit of 45 euros MWh is exceeded VAT will return to 10% for all invoices issued in July,” details from Selectra.
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