The average price of electricity on the wholesale market this Monday will remain moderate, since despite an increase of 81.58% compared to this Sunday, it will be 29.27 euros/megawatt-hour (MWh), and two hours will pass at the price 0. euro/MWh and another one at which it will not reach the euro.
When is electricity cheaper?
Minimum price 0 EUR/MWh will be fixed from 16:00 to 18:00, although from 18:00 to 19:00 it will not exceed the euro and will remain at 0.44 euro/MWh.
What is the most valuable time?
The price of electricity on the wholesale market will be maximum €91.27/MWh from 23:00 to 12:00.
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.