What time is electricity cheaper today, Monday?

The price maximum of the light of this Monday will be between 8:00 p.m. and 9:00 p.m.

The average price of electricity in the wholesale market (‘pool’) for this Monday will rise to 180.57 euros per megawatt hour (MWh), which represents an increase of 4.70% compared to the price of electricity this Sunday, of 172.47 euros / MWh.

The price of this Monday will be very similar to that registered on Saturday (180.48 euros / MWh). The price maximum of the light of this Monday will be between 8:00 p.m. and 9:00 p.m., with 235 euros / MWh, while the minimum price will be registered between 12 noon and 1 p.m., con 145,64 euros/MWh.

648% increase in one year

With the data of this Monday, the price of electricity continues its climb that began in August of this year. In this sense, electricity has become 648.04% more expensive compared to just a year ago, since on November 15, 2020 the price of electricity was 24.14 euros / MWh.

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The prices of the ‘pool’ have a direct effect on the regulated tariff -the so-called PVPC-, to which almost 11 million consumers in the country are welcomed, and serves as a reference for the other 17 million who have contracted their supply in the free market.

This increase in the price of the electricity market in recent months is mainly due to high gas prices in the markets and carbon dioxide (CO2) emission rights, at historical highs this year.

Reference-www.elperiodico.com

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