The average price of electricity on the wholesale market today, Sunday, will fall by 19.4%, reaching 26.60 euros per megawatt-hour (MWh), compared to 32.99 euros yesterday, Saturday, marking negative prices that will reach 62 cents
When is electricity cheaper?
The minimum price will be indicated in the afternoon from – 0.62.
euro from 16:00 to 17:00.
What is the most valuable time?
The maximum will be reached around 22:00. hours from 51.86 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 exactly 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.