According to the latest data from the Iberian Electricity Market Operator (OMIE), collected by Servimedia, the average price of electricity on the wholesale market will rise by 14.6% tomorrow, Sunday, to reach €57.94 per megawatt hour (MWh), compared to €50.54 this Saturday. This marks six days in a row that the price has been above €45 per MWh.
When is electricity cheaper?
Taking into account the increase this Sunday, the price of electricity at 15:00 will be set at a minimum of 0.02 EUR/MWh.
What is the most valuable time?
The highest price I will check in at 22:00.from 101.64 euros.
Light with VAT 10% in July
Average wholesale price of electricity in June will reach an average of 56.1 euros per megawatt hour (MWh).
which exceeds 45 euros, meaning that the VAT rate applicable to electricity will again be 10% from 1 July.
According to the Royal Decree Law regulating VAT on electricity, In fiscal year 2024, the rate will remain at 10%. provided that its average monthly price in the previous month is not lower than 45 euros per MWh, which has been the case since February. As a result, its VAT was 21% in the period from March to June.