Electricity prices will be suspended this Sunday afternoon. A few days after the entry into force of the ‘Iberian exception’, which will reduce the cost of electricity, Spaniards will be able to take advantage of a certain period of time, for example, to run the washing machine, to turn on the air conditioner without turning it on too much. If you’re hesitant or daring in the middle of a heat wave, use the oven.
It will be between 16:00 and 17:00 this Sunday, when the price will drop to 65.34 Euro/MWh (megawatt/hour). It will be necessary to go back to May 15 to observe such a low record. That Sunday the drop was really significant: just over one euro per MWh took place in the three evening hours. These sales usually take place on weekends because the least amount of energy is needed as industries and most of the work environment are sedentary.
As a result, the increase in electricity is exorbitant: a full year ago, Spanish households paid an average of 77.60 euros per megawatt-hour, which is 116% less.
The average for this Sunday is one hundred euros above the ‘bargain hour’, notably 167.06 euros/MWh – 12.30% less than yesterday. The most expensive slot from 22:00 to 23:00 with 225.88 Euro/MWhAccording to data published by the Iberian Energy Market Operator (OMIE). As a result, the price of electricity remains exorbitant: exactly one year ago, Spanish households paid an average of 77.60 euros per megawatt/hour, which is 116% less than today.
This is one of the reasons for the high inflation experienced by the shopping cart in Galicia in the last 30 years: In May, prices increased by 11.2% compared to 12 months ago.
This short-lived 60-minute balm comes just three days after applying the so-called “Iberian exception.” By the Ministry of Ecological Transition Decision published Thursday in the BOE. Next Tuesday, June 14, will be the day of the electricity market auction to determine the prices of the next day, within the scope of the new mechanism that will limit the natural gas price to an average of 48.8 euros per megawatt/hour (MWh). ) and will be valid until 31 December 2023 for Spain and Portugal. Both Spanish and Portuguese citizens so they will start noticing this decrease on Wednesday. As noted by Teresa Ribera’s cabinet, the measure is “justified by the poor connection of the Iberian Peninsula with the rest of Europe”.
The government calculates that consumers who sign the regulated rate -PVPC- contract will receive a maximum discount of 15.3% on their electricity bills.
The government estimates Consumers who sign the regulated rate -PVPC- contract will receive a maximum 15.3% discount on their electricity bills.. About 11 million Spanish households are covered by this modality, which refers to the other 17 million that make up the free market.
In the case of industrial users, the Manager foresees a reduction of between 18% and 20%.According to the impact report that Europa Press has accessed, it ranges from 15% to 17% in the first month of the mechanism and between 13% and 15% in the last month.
In addition to this, there are two more invoices on the horizon that will try to change the structure of the receipt. this Congress of Deputies Ecological Transition Commission brought them up to date after they were approved more than a year ago. In other words, due to the increase in the prices of CO2 emission rights, the extraordinary revenues of electricity companies will be cut, on the other hand, some of their fixed costs will be tried to be transferred. electricity bill on gas and fuels.
Get over 200 Euro/MWh for tomorrow
This Monday, the electricity price bar will be raised again above 200 Euro/MWh, especially the average will jump to 200.62, 34 euros from today and 5 euros per MWh more than last Monday. The most expensive time will be between 238.40 euro/MWh and between 238.40 and 22.00; and the cheapest at dawn: 160.5 Euro/MWh between 3:00 and 4:00.
What consumes the most energy at home?
Faced with this situation and waiting for an ‘Iberian’ discount to come, The most responsible thing is to try to save as much as possible.A gesture that also benefits the fight against climate change. But what do you spend most at home?
The most used appliances in a house are; refrigerator -continuous-operating-, television (12.2%), washing machine (11.8%), ‘standby’ (10.7%), oven (8.3%). ), computer (7.4%), freezer (6.1%), dishwasher (6.1%), and dryer (3.3%)
Electrical appliances consume the most energy, followed by lighting, cooking, hot water, heating and air conditioning.According to the latest study from the Institute for Energy Diversification and Conservation (IDAE). Among electrical household appliances, the -continuously working- refrigerator ranks first with 30.6%. Behind it, respectively, television (12.2%), washing machine (11.8%), ‘standby’ (10.7%), oven (8.3%), computer (7.4%), freezer (6%, 1), dishwasher (6.1%) and dryer (3.3%).