Electricity tariff price today Tuesday, July 2 and tomorrow, Wednesday 3, hourly

He Today the price of electricity is decreasing. More than two million consumers who got infected adjustable rate In Spain they are lucky because on Tuesday, July 2, they will have another decline of 11.74%. Electricity bill. According to the Iberian Operator of the Energy Market (OMIE), today’s average price will be 46.97 euros per MWh. But they will not doubt their joy, because tomorrow, Wednesday, the price will rise again. price of electricity 31.38% and will reach an average of 61.71 euros MWh in Spain.

Consumer accounts affected by the action regulated market or voluntary price for small consumers (PVPC) consists of an energy term, which represents what is consumed and changes every hour. This, in turn, consists of a “bundled” price, tolls and other services necessary for the proper functioning of the electrical system. In addition, revenues include other concepts such as contracted capacity, taxes (e.g. VAT) and equipment rental.

The final cost is something you will have to take into account to try it out. keep and choose the cheapest time slots to use the devices that use the most energy, such as washing machine, air conditioner or dishwasherThis is what today’s prices look like.

Electricity price today 2nd july by the hour (pool)

Despite this Tuesday’s discount, users should be careful with the most expensive watch this will allow the barrier of 100 euros per megawatt hour (MWh) to be broken. These will undoubtedly be hours in which use should be avoided. devices that consume the most for example, a washing machine or dishwasher, and you can save on your energy bills, as experts recommend.

Thus, on Tuesday the price of electricity will fall again to 46.97 euros per MWh on average. Maximum price The value of 110.41 euro MWh will be reached, which will be recorded from 21:00 to 22:00. minimum price According to the Iberian Operator of the Energy Market (OMIE), this will cost 4 euros MWh and will take place between 15:00 and 17:00.

Electricity price tomorrow 3 July by the hour (pool)

On the other hand, tomorrow, Wednesday, July 3, price of light will increase to 61.71 euros per MWh on average. Maximum price The value of 107.51 euro MWh will be reached, which will be recorded from 21:00 to 22:00. minimum price According to the Iberian Operator of the Energy Market (OMIE), this will cost 3.6 euros per MW and will take place between 16:00 and 17:00.

How is the price of consumed electricity formed?

As we have 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.

Today’s Electricity Price Tuesday Per Hour (PVPC)

Here’s how PVPC is calculated

From 1 January 2024, a new PVPC calculation structure will be applied to index it to forward market prices and reduce its volatility, which affects the calculation of the term energy regulated rate. This hourly price curve is the result of adding together the cost of energy production (the “pool”), the fees for transportation and distribution, and the charges corresponding to the energy consumed.

In turn, the cost price 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 a rate of 2.0 TD, effective from 1 June 2021, replaced the three that existed before 31 May 2021 with a single one that has time discrimination in three periods for the application of road charges and regulatory charges. 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. It half price (regular time) 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. cheaper (off-peak time) is in the range from 0 to 8. All these time values ​​will be applied 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 the energy and capacity in the electricity bills of those consumers covered by the PVPC – contracted capacity up to 10 kW – throughout the country.

Three Appliances That Are Driving Up Your Energy Bills

When we buy new technologyIt is important to consider three fundamental aspects: their energy efficiency, using them correctly (some even have economy modes) and ensuring that their consumption adapts to our needs. Electricity billHowever, there are devices that tend to consume more electricity than others.

He DishwasherAlthough not present in all homes, this appliance is one of those that consume the most electricity. According to OCU calculations, it can consume up to 246 kWh per year, which is approximately 7% of total energy consumption and results in an additional 74 euros on the annual electricity bill. The same is true for washing machinewhich can consume up to 255 kWh per year, or about 77 euros extra on the annual bill. Finally, and quite logically, Fridgewith an average consumption of 662 kWh per year, which means an increase in the annual rate of approximately 199 euros in the case of PVPC.

Changes in VAT on electricity

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 MWh prices on the wholesale market remain the same. above 45 EUR/MWh. If the wholesale price had been below this level in the calendar month preceding the last billing day, VAT would have been 21%. Only households receiving a social bonus are exempt from this increase, keeping VAT at 10% through 2024.

As of today, we have an average price for June of 55.21 euros per megawatt hour (MWh) or the same 0.552177 euros/kWh with a forecast of 73.75 euros per megawatt hour (MWh) for July. “This means that if the set limit of 45 euros per MWh is exceeded, VAT will return to 10% for all invoices issued in July,” details from Selectra.