‘Babet’ storm came with good news for consumers. The average electricity price for customers with regulated tariffs connected to the wholesale market will decrease on Wednesday, October 18. This is 43.9% compared to Tuesday, up to 60.74 euros per megawatt hour (MWh). This price represents the lowest level since August 27, at 52.31 euro/MWh.
According to the time zones, the maximum price of 102.56 euro/MWh will be recorded between 19.00 and 20.00 in the evening, the minimum price will be recorded between 16.00 and 17.00 and consumers will pay only 5 euro/MWh in this case. Iberian Energy Market Operator (OMIE).
Electricity prices give users a break after this Monday 141.05 euro/MWh- will reach its highest level since last March 6It reached 147.77 euro/MWh. This decrease will be caused by rain coming to the Iberian Peninsula thanks to the storm ‘Babet’, which will cause strong winds and rainfall.
The electricity market average so far in October stands at 112.23 euro/MWh, compared to 127.21 euro/MWh recorded by the pool in the same month in 2022.
Cofrentes and Vandellós II stops
The storm of these days will mean: reactivating cheap energy in the electricity ‘mix’ such as windThis represented 22.1% of all technologies used by Spain to generate electricity in 2022. According to ASE experts, the production of such energy in the first two weeks remained at 81 gigawatt hours (GWh), well below the October average of 140 GWh or the 162 GWh recorded in October. last year.
Likewise, two nuclear power plants Cofrentes in Valencia and Vandellós II in Tarragona are disconnected from the system We had to resort to natural gas, which has increased by 26.6% since the start of the war between Hamas and Israel.
Hourly electricity price
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00:00 – 01:00: 61.37 €/MWh
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01:00 – 02:00: 38.00 €/MWh
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02:00 – 03:00: 27.01 €/MWh
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03:00 – 04:00: 10,00 €/MWh
- 04:00 – 05:00: 5.00 €/MWh
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05:00 – 06:00: 10.01 €/MWh
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06:00 – 07:00: 49.18 €/MWh
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07:00 – 08:00: 75.32 €/MWh
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08:00 – 09:00: 98.74 €/MWh
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09:00 – 10:00: 95.27 €/MWh
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10:00 – 11:00: 87.00 €/MWh
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11:00 – 12:00: 71.67 €/MWh
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12:00 – 13:00: 62.26 €/MWh
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13:00 – 14:00: 60.57 €/MWh
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14:00 – 15:00: 50,00 €/MWh
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15:00 – 16:00: 45.55 €/MWh
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16:00 – 17:00: 46.97 €/MWh
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17:00 – 18:00: 61.37 €/MWh
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18:00 – 19:00: 83.99 €/MWh
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19:00 – 20:00: 102.56 €/MWh
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20:00 – 21:00: 101.30 €/MWh
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21:00 – 22:00: 88.87 €/MWh
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22:00 – 23:00: 70,00 €/MWh
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23:00 – 24:00: 55.77 €/MWh
Off-peak hours and peak hours
with the target save on electricity bill Experts point out that it is recommended to adapt consumption to the cheapest hours, called off-peak hours. throughout the time period From 3 hours to 6 hours the rate remains below 10.01 Euro/MWh. Trying to reduce the electricity bill used efficiently, turning off the lights if no one is in the room, loading washing machines, using household appliances in ‘eco’ mode, unplugging phone chargers is also mobile friendly. ..
On the contrary, the peak hours when 101 euros per megawatt-hour are exceeded occur between 7pm and 9pm.