Price of electricity per hour: the best time on Monday to install the devices

Check the price of electricity for hours on Monday, July 18

Electricity adds another day of decline, although it still remains above 200 euros per megawatt

Trade

The sweltering heat that has put virtually all of Spain on high alert
give a truce from Monday. And with the drop in temperatures also comes a drop in the price of electricity, even if it will not drop enough to cross the bar of 200 euros per megawatt hour (MWh). Concretely, the average price of electricity for customers at regulated tariffs connected to the wholesale market will drop by around 6% on Monday compared to Sunday. It will thus stand at 214.75 euros per megawatt, according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

This price for PVPC customers is the result of adding the average auction price on the wholesale market to the compensation that demand will pay to combined cycle power plants for the application of the “Iberian exception” aimed at cap the price of gas for electricity generation. At auction, the average price of electricity on the wholesale market – the so-called “pool” – amounts to 115.77 euros/MWh for this Monday.

On Monday it will not be necessary to get up too early to turn on the appliances if you want to save on the electricity bill. The most expensive moment of the day will be recorded at 8 am, with 150 euros/MWh. The cheapest hour will arrive at 5:00 p.m., with 91.27 euros/MWh.

Hourly electricity rate for Monday July 18

  • 0:00 a.m. to 1:00 a.m.:
    €142.98/MWh

  • 1h00 to 2h00:
    €112.9/MWh

  • 2:00 a.m. to 3:00 a.m.:
    €111.04/MWh

  • 3 a.m. to 4 a.m.:
    €110.67/MWh

  • 4:00 a.m. to 5:00 a.m.:
    €111.4/MWh

  • 5:00 a.m. to 6:00 a.m.:
    €112.78/MWh

  • 6:00 a.m. to 7:00 a.m.:
    130 euros / MWh

  • 7:00 a.m. to 8:00 a.m.:
    €149.11/MWh

  • 8:00 a.m. to 9:00 a.m.:
    150 euros / MWh

  • 9:00 a.m. to 10:00 a.m.:
    €147.09/MWh

  • 10:00 a.m. to 11:00 a.m.:
    131 euro/MWh

  • 11 a.m. to 12 p.m.:
    €112.78/MWh

  • 12:00 p.m. to 1:00 p.m.:
    €112.28/MWh

  • 1:00 p.m. to 2:00 p.m.:
    €111.78/MWh

  • 2 p.m. to 3 p.m.:
    €104.76/MWh

  • 3:00 p.m. to 4:00 p.m.:
    95 euros / MWh

  • 4:00 p.m. to 5:00 p.m.:
    95 euros / MWh

  • 5:00 p.m. to 6:00 p.m.:
    €91.27/MWh

  • 6:00 p.m. to 7:00 p.m.:
    100 euros/MWh

  • 7:00 p.m. to 8:00 p.m.:
    100 euros/MWh

  • 8:00 p.m. to 9:00 p.m.:
    €110.05/MWh

  • 9 p.m. to 10 p.m.:
    €112.48/MWh

  • 9 p.m. to 10 p.m.:
    €112.48/MWh

  • 10 p.m. to 11 p.m.:
    €112.9/MWh

  • 11:00 p.m. to 12:00 a.m.:
    111.1 euros/MWh

To this ‘pool’ price is added the compensation of 98.98 euros/MWh to the gas companies which must be paid by the consumers benefiting from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being on the open market, they have an indexed rate.

Made with Flourish

In the absence of the “Iberian exception” mechanism to limit the price of gas for the production of electricity, the price of electricity in Spain would have been on average around 241.77 euros/MWh, i.e. around 27 euros/MWh more than with the compensation of customers of the regulated tariff.

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