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Electricity price: At what time is it cheaper today, Saturday?

  • The difference between the three time slots of the price of electricity is without effect

The price of electricity in the wholesale market has risen this Sunday close to 3% to 230.5 euros per megawatt hour (MWh), according to data from the Iberian Electricity Market Operator (OMIE).

After this increase, which breaks with three consecutive days of falls, the price of electricity will be 15% more expensive than last Sunday, the day of the week in the one that decreases the economic activity and the energy demand is less, and multiplies by 55 the amount that it marked just one year ago (4.19 euros), thanks to the strong winds registered during that weekend.

In addition, the wholesale price of the light will return to overcome the barrier of 200 euros/MWh for the eighth consecutive day, a value that has been reached in about 80% of the days in December and in 70% of those in January.

By time slots, the price maximum for this Sunday will be registered between 8:00 p.m. and 9:00 p.m.

, with 268.65 euros/MWh, while the minimum

has been 206.5 euros/MWh between the 4 :00 and 5:00.

So far this month, the average price of electricity is 201.05 euros /MWh, 16% cheaper than the value of December, the most expensive month in history with 239.22 euros/MWh, but 80% higher than the average price of 2021 (111.4 euros/MWh), the most raised since records exist.

Why these prices?

Wholesale market prices ta have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are covered, and serves as a reference for the other 17 million who contract their supply on the free market.

Related news

To cushion the impact that the increase in the cost of electricity is having on consumers, the Government has extended the tax reduction on taxes levied on electricity bills during the first four months of the year.

The escalation of prices that affects a large part of Europe is due, among other factors, to the higher cost of gas in international markets, which is used in combined cycle plants and which set the market price in most hours, and to the increase in the value of rights to emission of carbon dioxide (CO2)

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