You can put on a washing machine, turn on the oven or iron your clothes this Sunday very cheaply. He average price of electricity on the wholesale market this Sunday it will fall to 3.79 euros/megawatt hour (MWh). However, within 14 hours it will cost 0 €/MWh, and after another three hours it will be close to this price.
Powerful renewable production that storms This entire week, as well as the decline in typical weekend demand compared to weekdays, has caused average electricity price 8.9% lower than last Saturdayat €4.16/MWh, according to Iberian electricity market operator OMIE.
Last week there were very low average daily electricity prices, which did not reach 10 euros/MWh. In fact, many hours passed during which the price was 0 euro/MWh
preventing excess production from matching market prices over many time intervals.For those people who want, for example, this Sunday to put on the washing machine, dishwasher or turn on the oven to cook food, it will be very useful to know During what time intervals will the price of electricity remain at 0 EUR/MWh. In addition, it is important to know that the maximum price for electricity today will be 30.6 euros/MWh and will be fixed from 22:00 to 23:00.
The average price of electricity will be 0 EUR/MWh in two time intervals. First of all, from 3:00 to 7:00 morning hours, night time when electricity is not usually consumed. In addition, the light will retain this cost. from 9:00 to 19:00.. Moreover, after another three hours the price will not exceed one euro per megawatt-hour.
(A drop in the price of electricity within a few hours to zero euros will neutralize the increase in VAT to 21% at the regulated rate)
However, it should be noted that the average daily price of electricity on the wholesale market in each of the time intervals before January 1 was the one that was used at the end of consumption electricity bill a consumer who had an adjustable rate or voluntary consumer price (PVCP).
At the beginning of the year, new PVC began to be used, and now the wholesale price is only 75% of the consumption period. applied to the remaining 25% of the basket of prices of electricity futures contracts. That is, installing a washing machine during this time interval will not be completely free. The price of 0 €/MWh is not reflected directly in the consumer’s bill as it must be added. Fixed costs associated with tolls, tolls and system adjustments.
The week started on Monday, February 26th, with the price 3.82 EUR/MWh; followed on Tuesday 27th with €3.66/MWh; on Wednesday the 28th – 9.35 euros/MWh (the highest price this week); on Thursday the 29th – 4.8 euros/MWh; on Saturday, March 1 – 2.14 euros/MWh, and on March 2 – 4.16 euros/MWh.
Average daily electricity price after two years of sharp growth In 2024 it did not exceed 100 euros/MWh. It was above this price for only three days: January 8, January 9 (when it reached an annual maximum of 113.83 euros/MWh) and January 10.
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