He Electricity prices will rise today. More than two million consumers who got infected adjustable rate In Spain, bad news is approaching the weekend after a brief respite on Thursday, when the index fell by 15.98%. This Friday, July 5, 2024, the luck will change and the price will rise. Electricity bill 15.49%, and the average price will increase to 59.88 euros MWh. Of course, it is best to use these central hours of the day. Appliances who spends the most.
Consumer accounts affected by the action regulated market or voluntary price for small consumers (PVPC) consists of an energy term, which represents what is consumed and changes every hour. This, in turn, consists of a “bundled” price, tolls and other services necessary for the proper functioning of the electrical system. In addition, revenues include other concepts such as contracted capacity, taxes (e.g. VAT) and equipment rental.
The final cost is something you will have to take into account to try it out. keep and choose the cheapest time slots to use the devices that use the most energy, such as washing machine, air conditioner or dishwasherThis is what today’s prices look like.
Therefore, users should be careful with the most expensive watches, which reach the barrier of 100 euros megawatt hour (MWh). Without a doubt, these will be the watches that will allow you to avoid using the appliances that consume the most energy, such as a washing machine or dishwasher, and be able to save on energy bills, as recommended by experts.
On the other hand, tomorrow, Friday, July 5, the price of electricity will rise again to an average of 59.88 euros per MWh. Maximum price It will reach 106.33 euro MW and will be fixed from 22:00 to 23:00. minimum price According to the Iberian Operator of the Energy Market (OMIE), this will amount to -1.23 euros MWh and will occur between 15:00 and 16:00.
As we have indicated, the price of consumed electricity (energy term) in the regulated tariff depends on several factors, therefore can never be free despite the fact that the price on the wholesale market is zero euros per hour.
From January 1, 2024, a new PVPC calculation structure will be applied to index it to futures market prices and reduce its volatility, which affects the calculation of the term energy regulated rate. This hourly price curve is the result of adding together the cost of energy production (the “pool”), the fees for transportation and distribution, and the charges corresponding to the energy consumed.
In turn, the cost price of production consists of hourly price based on daily energy market data published by the Iberian Electricity Market Operator (OMIE). In addition, these prices also take into account the cost of adjustment services managed by Electrical network as a system operator, in addition to other concepts included in the current rules.
The PVPC with a rate of 2.0 TD, effective from 1 June 2021, replaced the three that existed before 31 May 2021 with a single one that has time discrimination in three periods for the application of road charges and regulatory charges. more expensive (rush hour) will be in the morning from 10:00 to 14:00 and in the evening from 18:00 to 22:00. It half price (regular time) in the morning from 8:00 to 10:00, in the afternoon from 14:00 to 18:00 and at night from 22:00 to midnight. cheaper (off-peak time) is in the range from 0 to 8. All these time values will be applied in Peninsula, Balearic and Canary IslandsIn Ceuta and Melilla, periods start and end one hour later, except for a fixed period between 23:00 and 24:00.
These periods apply to the energy and capacity in the electricity bills of those consumers covered by the PVPC – contracted capacity up to 10 kW – throughout the country.
When we buy new technologyIt is important to consider three fundamental aspects: their energy efficiency, using them correctly (some even have economy modes) and ensuring that their consumption adapts to our needs. Electricity billHowever, there are devices that tend to consume more electricity than others.
He DishwasherAlthough not present in all homes, this appliance is one of those that consume the most electricity. According to OCU calculations, it can consume up to 246 kWh per year, which is approximately 7% of total energy consumption and results in an additional 74 euros on the annual electricity bill. The same is true for washing machinewhich can consume up to 255 kWh per year, or about 77 euros extra on the annual bill. Finally, and quite logically, Fridgewith an average consumption of 662 kWh per year, which means an increase in the annual rate of approximately 199 euros in the case of PVPC.
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, provided that MWh prices on the wholesale market remain the same. above 45 EUR/MWh. If the wholesale price had been below this level in the calendar month preceding the last billing day, VAT would have been 21%. Only households receiving a social bonus are exempt from this increase, keeping VAT at 10% through 2024.
As of today, the average price for June is 55.21 euros per megawatt hour (MWh) or the same 0.552177 euros/kWh with a forecast of 73.75 euros per megawatt hour (MWh) for July. “This means that if the established limit of 45 euros per MWh is exceeded, VAT will return to 10% for all invoices issued in July,” details from Selectra.
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