Spain, one of the countries with the most expensive electricity system in the world, has wholesale electricity markets called pool that hold auctions every day to find out what the price per Megawatt per hour (MWh) will be.
According to data from the Iberian Energy Market Operator (OMIE), electricity has dropped 54.85% compared to Wednesday, March 29, when it cost 68.91 euros/MWh. Today it costs 31.11 euros/MWh.
The cheapest hour of light will be between 15 and 18 hours, at a price of 0.10 euros per megawatt hour. It is recommended to make the most use of electricity in this time slot.
Also, you can take advantage of the other economic hour from 14 to 15 hours, where it will cost 4 euros.
On the other hand, the maximum price of electricity will be from 08 to 09 hours, at a price of 91 euros/MWh.
Price of electricity per hour this March 30
- From 00:00 to 01:00: 35.00 euros/MWh
- From 01:00 to 02:00: 33.01 euros/MWh
- From 02:00 to 03:00: 33.00 euros/MWh
- From 03:00 to 04:00: 33.90 euros/MWh
- From 04:00 to 05:00: 33.90 euros/MWh
- From 05:00 to 06:00: 34.50 euros/MWh
- From 06:00 to 07:00: 45.00 euros/MWh
- From 07:00 to 08:00: 75.00 euros/MWh
- From 08:00 to 09:00: 91.00 euros/MWh
- From 09:00 to 10:00: 55.00 euros/MWh
- From 10:00 to 11:00: 33.01 euros/MWh
- From 11:00 to 12:00: 29.59 euros/MWh
- From 12:00 to 13:00: 12.93 euros/MWh
- From 13:00 to 14:00: 4.16 euros/MWh
- From 14:00 to 15:00: 4.00 euros/MWh
- From 15:00 to 16:00: 0.10 euros/MWh
- From 16:00 to 17:00: 0.10 euros/MWh
- From 17:00 to 18:00: 0.10 euros/MWh
- From 18:00 to 19:00: 4.16 euros/MWh
- From 19:00 to 20:00: 32.00 euros/MWh
- From 20:00 to 21:00: 46.00 euros/MWh
- From 21:00 to 22:00: 46.00 euros/MWh
- From 22:00 to 23:00: 33.90 euros/MWh
- From 23:00 to 24:00: 31.27 euros/MWh
The price is established day by day and also depends on the different origins it has: gas-fired thermal power plants, hydroelectric power plants, nuclear power plants or renewable energies. Each energy source generates a different price per MWh.
Electricity is condensed in a pricing system. Wholesale markets and power generation vary the daily value of this service.
While this marginalist system provides several advantages such as prioritizing low-emission energies, encouraging investment in renewable technologies and more.
However, it also has major disadvantages such as sensitivity to demand to raise the price. As well as days where the light has a very high price because of fluctuations in energy systems.
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