The average price of electricity for regulated rate customers linked to the wholesale market drops by 24.89%, this Saturday, May 20, to 45.27 euros per megawatt hour (MWh)according to provisional data from the Iberian Energy Market Operator (OMIE). The electricity tariff stands at an average price of 45.27 euros per megawatt hour (MWh).
In the auction, the average price of light in the wholesale market (pool) stands at 45.27 euros per megawatt hour. To this price must be added the compensation to the gas companies of 0.00 euros/MWh that consumers normally must pay.
Taking into account the difference in prices according to the time slots, the highest cost will be reached between 9:00 p.m. and 10:00 p.m., reaching 81.06 per megawatt hour (MWh). The cheapest hour will be recorded between 3:00 p.m. and 5:00 p.m., with 4,16 euros per megawatt hour.
Electricity prices for Saturday, May 20
At what time is electricity cheaper?
Between 3:00 p.m. and 5:00 p.m. 4,16€/MWh.
At what time is electricity more expensive?
Between 9:00 p.m. and 10:00 p.m. 81,06€/MWh.
average price of the day
The average price of the day is 45,27€/MWh.
How is the electricity rate calculated?
One of the questions that most arise among users is how the electricity rate is calculated. First of all, it is necessary to understand that the energy produced by all electricity generating sources is auctioned every day in the electricity pool, a place where companies sell the energy they produce at a price determined according to supply and demand. This pool is used to establish the price of electricity for each hour of each day and the price resulting from each auction is the daily price per kWh.
Why does the price of electricity vary so much?
Variations in the price of electricity depend on various factors such as the increase or decrease in demandthe increase or decrease in the price of gas or the increase or decrease in the price of CO2 emissions.
Source: Vozpópuli by www.vozpopuli.com.
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