when is it more expensive and cheaper

The electricity price morning Sunday August 7, 2022, it increases by 5.2% compared to today, Saturday. It will be located in 247.96 euros per megawatt hour (MWh). After being fixed today, for the second day in a row, it represents a slight increase after the stability of the last few days. Despite everything, it continues below the 250 euros/MWh mark. In this way, it can be verified through the provisional data offered by the Iberian Energy Market Operator (OMIE).

In addition, an additional factor advantageous for the consumer must be added to this reduction, the ‘Iberian exception’. This is a temporary bonus whose purpose is to limit the gasoline ceiling usually paid to produce electricity. As announced a few months ago by the Spanish government, this premium will be 40 euros/MWh until the end of the year, although it will increase by 5 euros/MWh per month until the end of 2023.

The the reduction will be 123.98 euros/MWh for all citizens covered by the regulated tariff (PVPC). However, it will also apply to all families who, despite not being part of the free market, benefit from the indexed rate contracted at home. Thus, the average price of electricity on the wholesale market, called ‘bowl’, will be located in €123.98/MWh.

Electricity price at regulated tariff

It should be mentioned that the price for tomorrow, Sunday, is produced after knowing at the beginning of this week, in the extraordinary council of ministers, the new energy saving project that the Spanish government wants to implement from next week when all the energy saving measures included in the decree-law come into force. The aim is to reduce the price of gas and electricity, which will mark the price of electricity for the regulated tariff, no doubt.

At the same time, the words of the President of the European Commission, Úrsula Von der Leyen, who promoted and launched a energy saving emergency plan. The reason? The Russian government’s continued threats to Europe’s gas supply. Certain measures which started retroactively, that is to say on a voluntary basis and which it seems could become compulsory for all member countries.

When is electricity cheaper on August 7?

The cheapest electricity price will be given between 11:00 a.m. and 12:00 p.m. and will be paid at the price of €72.08/MWh. This strip, called the valley part, will be the best time to expend energy if necessary, because it is the cheapest.

On the contrary, the most expensive price will check in at night, between 10 p.m. and 11 p.m., with a cost of 175 euros/MWh. This is the time when, as far as possible, energy expenditure should be avoided.

Ridge and valley sections

  • Cheapest time: from 11 a.m. to 12 p.m., at a price of 72.08 euros/MWh.

  • Most expensive period: from 10 p.m. to 11 p.m., at a price of 175 euros/MWh.

electricity price hour by hour

To know how to save energy, consumers covered by a regulated PVPC tariff must know the price of electricity per hour. This action will be very advantageous for adapting consumption habits and reducing electricity bills by 40%. So, in this table you can check the price of electricity hour by hour.

  • From 0h00 to 1h00: 163.95 euros / MWh
  • From 1h00 to 2h00: 155.04 euros / MWh
  • From 2:00 a.m. to 3:00 a.m.: 140 euros / MWh
  • From 3:00 a.m. to 4:00 a.m.: 135.10 euros / MWh
  • From 4:00 a.m. to 5:00 a.m.: 141.70 euros / MWh
  • From 5:00 a.m. to 6:00 a.m.: 151.90 euros / MWh
  • From 6:00 a.m. to 7:00 a.m.: 151 euros / MWh
  • From 7:00 a.m. to 8:00 a.m.: 135.10 euros / MWh
  • From 8:00 a.m. to 9:00 a.m.: 115.02 euros / MWh
  • From 9:00 a.m. to 10:00 a.m.: 88.33 euros / MWh
  • From 10 a.m. to 11 a.m.: 76.84 euros / MWh
  • From 11 a.m. to 12 p.m.: 72.08 euros / MWh
  • From 12:00 p.m. to 1:00 p.m.: 86.82 euros / MWh
  • From 1:00 p.m. to 2:00 p.m.: 79.01 euros / MWh
  • From 2:00 p.m. to 3:00 p.m.: 76.57 euros / MWh
  • From 3 p.m. to 4 p.m.: 86.40 euros / MWh
  • From 4 p.m. to 5 p.m.: 102.80 euros / MWh
  • From 5 p.m. to 6 p.m.: 107.09 euros / MWh
  • From 6 p.m. to 7 p.m.: 110.62 euros / MWh
  • From 7:00 p.m. to 8:00 p.m.: 120.28 euros / MWh
  • From 8 p.m. to 9 p.m.: 163.95 euros / MWh
  • From 9 p.m. to 10 p.m.: 170.81 euros / MWh
  • From 10 p.m. to 11 p.m.: 175 euros / MWh
  • From 11:00 p.m. to 12:00 a.m.: 170 euros / MWh

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