These will be the most expensive hours this Friday
The price of electricity in the regulated rate will drop this Friday to an average price of 0.29806 euros, two cents cheaper compared to this Thursday. The cheapest hours will be given from dawn until 10 in the morning Y from 2:00 p.m. to 6:00 p.m.. On the other hand, the most expensive will be from 6:00 p.m. to 10:00 p.m.
peak and off-peak hours
- The cheapest: from 4 to 5 at €0.25046/kWh
- The most expensive: from 8:00 p.m. to 9:00 p.m. €0.39252/kWh
The average price of electricity in the wholesale market, which directly influences the regulated rate, will drop 5.6% this Friday compared to Thursday, returning to below the level of 210 euros per megawatt hour (MWh).
Specifically, the wholesale market will register an average price of €202.95/MWh this Friday, more than 12 euros below the €215.11/MWh this Thursday, according to provisional data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.
By time slots, the maximum price of electricity for this January 14 will be between 9:00 p.m. and 10:00 p.m., with €35.01/MWh, while the minimum, €180.30/MWh, will be registered between 3:00 p.m. and 4:00 p.m.
Compared to a year ago, the wholesale market price for this Friday will be 132% more expensive than the one registered on January 14, 2021, of only €87.25/MWh.
The price of electricity hour by hour
- 00-01 0.26233 €/kWh
- 01-02 0.25781 €/kWh
- 02-03 0.25454 €/kWh
- 03-04 0.25059 €/kWh
- 04-05 0.25046 €/kWh
- 05-06 0.25515 €/kWh
- 06-07 0.26276 €/kWh
- 07-08 0.25691 €/kWh
- 08-09 0.28749 €/kWh
- 09-10 0.28557 €/kWh
- 10-11 0.34443 €/kWh
- 11-12 0.32378 €/kWh
- 12-13 0.32134 €/kWh
- 13-14 0.32212 €/kWh
- 14-15 0.25324 €/kWh
- 15-16 0.25664 €/kWh
- 16-17 0.27903 €/kWh
- 17-18 0.29066 €/kWh
- 18-19 0.38039 €/kWh
- 19-20 0.39062 €/kWh
- 20-21 0.39252 €/kWh
- 21-22 0.38172 €/kWh
- 22-23 0.30264 €/kWh
- 23-00 0.29079 €/kWh
Why does the light go up?
The increase in the electricity market in recent months is mainly explained by the
high gas prices in the markets and carbon dioxide emission rights (CO2), at record highs this year.
The Government has extended until April 30 the reduction of taxes included in the electricity bill that all consumers pay in order to alleviate the negative effect that the rise in the price of electricity is having on citizens.
Specifically, the reductions from 21% to 10% of VAT and the special electricity tax from 5.11% to 0.5%, the legal minimum, have been extended until April 30. However, the suspension of the 7% generation tax paid by companies will only be maintained, for now, until March 31.