The price of €17.53 this Sunday represents a decrease of 38.96% compared to €28.72 on the same day last week. On the other hand, electricity becomes exponentially more expensive if we use 0.44% of the euro a month ago as a guide, with an increase of more than 3000%.
Finally, in a year-on-year comparison there is a drop of 82.61%, considering that on May 5, 2023, the MWh price averaged €100.82.
When is electricity cheaper?
The minimum price will be indicated in the afternoon from -0.58. euro from 13:00 to 19:00.
What is the most valuable time?
The maximum will be reached around 22:00. hours from 54.33 euros per MWh, according to the latest data from the Iberian Electricity Market Operator (OMIE), collected by Servimedia.
New PVPC calculation method
Except, The “pool” does not represent the final price of electricity for a consumer subject to a regulated tariff. as with the advent of 2024, a new PVPC calculation method has been adopted that includes a basket of medium- and long-term prices to avoid large fluctuations without losing short-term price targets that encourage 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.