Electricity price for today, Monday, September 19: the cheapest and the most expensive hour

The unstoppable rise in prices has put many homes on the ropes, so energy saving is imposed as a measure to make ends meet.

NewsEditor
NewsEditor
19 September 2022 Monday 09:55
3 Reads
Electricity price for today, Monday, September 19: the cheapest and the most expensive hour

The unstoppable rise in prices has put many homes on the ropes, so energy saving is imposed as a measure to make ends meet. And a good way to do this is to know what is the cheapest time to start up the appliances that consume the most. This Monday, electricity will rise 34.6% compared to yesterday for customers of the regulated rate, up to 261.00 euros megawatt hour, according to data from the Iberian Energy Market Operator (OMIE).

This price is the result of adding the average of the auction in the wholesale market to the compensation that the demand will pay to the combined cycle plants for the application of the 'Iberian exception' to cap the price of gas for the generation of electricity.

In the auction, the average price of electricity in the wholesale market -the so-called 'pool'- stands today at 193.03 euros/MWh. To this price is added the compensation of 68.96 euros/MWh to the gas companies that has to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the market free, they have an indexed rate.

The wholesale market figures are reflected in the consumer's receipt. The most expensive hour will be reached between 8:00 p.m. and 9:00 p.m., when the price on the bill will rise to 0.45397 per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hour, on the other hand, will be recorded between 2 am and 3 am, when the kilowatt hour will be paid at 0.30054 euros.

This is the hourly cost of electricity for this Sunday at the regulated rate (PVPC, toll 2.0 TD), according to Red Eléctrica. These figures already include the cost of the daily and intraday wholesale market, adjustment services, financing, the cost of variable marketing, tolls and charges. It may also have other concepts such as payments for capacity, surpluses or deficits from renewable auctions and costs for interruptibility services.

From 00:00 to 01:00: €0.32331/kWh

From 01:00 to 02:00: €0.30304/kWh

From 02:00 to 03:00: €0.30054/kWh

From 03:00 to 04:00: €0.30121/kWh

From 04:00 to 05:00: €0.31653/kWh

From 05:00 to 06:00: €0.32314/kWh

From 06:00 to 07:00: €0.33477/kWh

From 07:00 to 08:00: €0.34206/kWh

From 08:00 to 09:00: €0.37715/kWh

From 09:00 to 10:00: €0.35471/kWh

From 10:00 a.m. to 11:00 a.m.: €0.38696/kWh

From 11:00 a.m. to 12:00 p.m.: €0.37948/kWh

From 12:00 to 13:00: €0.37705/kWh

From 1:00 p.m. to 2:00 p.m.: €0.37538/kWh

From 2:00 p.m. to 3:00 p.m.: €0.32319/kWh

From 3:00 p.m. to 4:00 p.m.: €0.32078/kWh

From 4:00 p.m. to 5:00 p.m.: €0.32782/kWh

From 5:00 p.m. to 6:00 p.m.: €0.32785/kWh

From 6:00 p.m. to 7:00 p.m.: €0.39308/kWh

From 7:00 p.m. to 8:00 p.m.: €0.40470/kWh

From 8:00 p.m. to 9:00 p.m.: €0.45397/kWh

From 9:00 p.m. to 10:00 p.m.: €0.43544/kWh

From 10:00 p.m. to 11:00 p.m.: €0.35871/kWh

From 11:00 p.m. to 12:00 a.m.: €0.34315/kWh

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