that’s eleven hours for zero euros to install a washing machine

Tariff-regulated consumers connected to the wholesale market will pay an average of €16.12 per megawatt hour (MWh) today. 18.13% less regarding this Saturday. For example, setting your washing machine to the cheapest hours and the oven or appliances that use the most is the formula that experts always recommend to save on your energy bills.

The most expensive and cheapest electricity hours this Sunday

This Sunday, June 16th, Maximum priceamounting to 41.62 euros/MWh will be recorded from 23:00 to 12:00. minimum pricewill be -2 euros and will occur between 11:00 and 17:00, according to the Iberian Energy Market Operator (OMIE).

Electricity price today by hour

If the price of electricity is negative, do I have discounts on my bill?

It must be clarified that the fact that the hours are registered in the “pool” at a price of zero euros does not mean that the electricity is free for the consumer covered by the regulated tariff (PVPC), since he must assume a number of regulated costs, such as transport and distribution networks, among others. Will we then have invoice discounts? This is not true for several reasons, but the first thing to understand is that light can never be free. To be clear, the first thing you need to know is what terms appear on your electricity bill. According to the Organization of Consumers and Users (OCU), only 11% of customers do this.

According to experts, the first thing you need to know is that price per hour What the wholesale electricity market, the so-called “pool”, publishes each day only affects customers who have a regulated price (PVPC) or an indexed price. On the other hand, it must also be taken into account that in order to have an impact on consumer savings, these prices would need to be more constant over time, “but we can verify that the price of PVC has not undergone much change. average for the last few days.”

Consumers using butane in their homes are ending May with a significant price drop. cylinder price. Purchasing a new vessel in the last days of May and June will require lower costs. Therefore, cooking with this gas will be cheaper than in the previous six months. As you can see, the cost of butane is at a lower level. As a result, butane consumers will not increase their investments in this gas as much as in electricity.

Three appliances that are increasing your energy bills

When we buy new equipment, it is important to consider three fundamental aspects: its energy efficiency, use them correctly (some even have saving modes) and make sure their consumption matches our 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.

Changes to VAT on electricity

After recording an average of less than €45/MWh in February, below the ceiling set by the Royal Decree on Urgent Measures, the electricity sector has temporarily reinstated its value added tax (VAT) of 21% since March. month of April.

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, as long as MWh prices on the wholesale market remain above 45 EUR/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.

In the summer this will be the VAT on the electricity bill

The exception is that the increase will have a minor impact. As of today, we have an average price for June of €54.33 per megawatt hour (MWh), with a forecast for the last week of June of €55 per megawatt hour (MWh) and €73.75 per megawatt hour. hour (MWh) per month. July. “This means that if the €45 MWh limit is exceeded, VAT will return to 10% for all invoices issued in July,” Selectra clarifies.

New PVPC calculation method

It is important to note that the “pool” does not accurately reflect the final amount in price of light for a consumer who is subject to a regulated tariff. With the entry into force of the new year, a new methodology for calculating the voluntary price for small consumers (PVPC) was adopted, which includes a basket of prices in the medium and long term to avoid large fluctuations without losing the price link to the short term. a term that encourages saving and efficient consumption.

Thanks to this new system, the share of connections with pool price It will be phased out, including links from the futures markets. Thus, they will be 25% in 2024, 40% in 2025 and 55% in 2026.