According to the wholesale electricity market, the so-called “pool”, negative prices or 0 euros per megawatt will be recorded this Monday, on a day when the average price will be 3.48 euros per megawatt-hour (MWh). Data from the Iberian Energy Market Operator (OMIE).
When is electricity cheaper?
Electricity will also be at a premium, according to auction data published by operator OMIE and compiled by EFE. negative levels between 13:00 and 14:00 (-0.01); from 14:00 to 15:00 (-0.04);
from 15:00 to 16:00 (-0.01); from 16:00 to 17:00 (-0.32) and from 18:00 to 19:00 (-0.09).
What is the most valuable time?
The daily maximum will drop to 19.72 euros, up to which electricity will be paid. between 22:00 and 23:00.
Electric pool
Except, The “pool” does not 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 medium- and long-term price basket 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.