That Electricity price tomorrow On Sunday, August 7, 2022, it is up 5.2% compared to today’s Saturday. It will be in EUR 247.96 per megawatt hour (MWh). Having been fixed for the second day in a row today, this marks a small increase after the last few days’ stability. Despite this, it remains below the 250 Euro/MWh mark. This way it can be verified against the preliminary data from the Iberian Energy Market Operator (OMIE).
There is also an additional advantage for the consumer “Iberian Exception”. It is a temporary bonus, the purpose of which is to cap the gas cap typically paid for electricity generation. As announced a few months ago by the Spanish government, this bonus will be 40 euros/MWh by the end of the year, although it will increase by 5 euros/MWh monthly until the end of 2023.
That The reduction is 123.98 euros/MWh for all citizens who fall under the Regulated Tariff (PVPC). However, it also applies to all families who, although not part of the free market, have agreed on the indexed interest rate in their houses. Thus, the average electricity price on the wholesale market, known as Swimming pool, will be in it €123.98/MWh.
Regulated tariff electricity price
It should be mentioned that the price for tomorrow, Sunday, will be renegotiated in an extraordinary Council of Ministers after it became known earlier this week power plan which the Spanish government intends to implement from next week, when all the energy saving measures included in the legislative decree come into force. The aim is to reduce the price of gas and electricity, which will undoubtedly shape the price of electricity for the regulated tariff.
At the same time are the words of the President of the European Commission, Úrsula von der Leyen, who promoted and launched a Energy saving contingency plan. The reason? The constant threats from the Russian government regarding gas supplies to Europe. Some measures that have started retrospectively, i.e. on a voluntary basis, and which seem to become mandatory for all member countries.
When is electricity cheaper on August 7?
That cheapest electricity price is given between 11:00 a.m. and 12:00 p.m. and is paid at a cost of €72.08/MWh. Known as the valley section, this strip is the best time to use energy when needed as it is the cheapest.
On the contrary, the most expensive price is registered at night, between 10:00 p.m. and 11:00 p.m., with a fee of €175/MWh. This is the time when energy expenditure should be avoided if possible.
peak and valley sections
Best time: from 11:00 a.m. to 12:00 p.m. at a price of 72.08 euros/MWh.
Most expensive time: from 10:00 p.m. to 11:00 p.m. at a price of 175 euros/MWh.
electricity price hour by hour
In order to know how energy can be saved, consumers who are subject to a PVPC-regulated tariff need to know the electricity price per hour. This measure will be very beneficial to adjust consumption habits and reduce electricity bills by 40%. So in this table you can check the price of electricity every hour.
- From 0:00 to 1:00: 163.95 euros / MWh
- From 1:00 a.m. to 2:00 a.m.: 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 10:00 a.m. to 11:00 a.m.: 76.84 euros / MWh
- From 11:00 a.m. to 12:00 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 p.m. to 3 p.m.: 76.57 euros / MWh
- From 3:00 p.m. to 4:00 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 8:00 p.m. to 9:00 p.m.: 163.95 euros / MWh
- From 9:00 p.m. to 10:00 p.m.: 170.81 euros / MWh
- From 10:00 p.m. to 11:00 p.m.: 175 euros / MWh
- From 11:00 p.m. to 12:00 a.m.: 170 euros / MWh