These will be the cheapest hours this Wednesday


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The price of electricity in the regulated market registers a rise this Wednesday compared to Tuesday. The average price will be 0.30745 euros per kilowatt hour (kWh), while on the previous day this average amounted to 0.30635 €/kWh. The cheapest hours they will be concentrated in the early morning and between 14 and 17 hours.

peak and off-peak hours

  • The cheapest: from 3 a.m. to 4 a.m. 0.22338 €/kWh
  • The most expensive: from 6:00 p.m. to 7:00 p.m. 0.43301 €/kWh

The average price of electricity in the wholesale market will rise 1.76% this Wednesday compared to this Tuesday and will again exceed the level of 210 euros per megawatt hour (MWh).

Specifically, the average price of the ‘pool’ will be 210.18 euros/MWh this Wednesday, 3.64 euros above 206.54 euros/MWh this Tuesday, according to data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.

By time slots, the maximum electricity price for this Wednesday will be between 9:00 p.m. and 10:00 p.m., with 270.09 euros/MWh, while the minimum, 168.08 euros/MWh, will be recorded between 04 hours and 05 hours.

The price of electricity hour by hour

  • 00-01 0.23757 €/kWh
  • 01-02 0.2336 €/kWh
  • 02-03 0.2336 €/kWh
  • 03-04 0.22338 €/kWh
  • 04-05 0.22526 €/kWh
  • 05-06 0.23337 €/kWh
  • 06-07 0.23694 €/kWh
  • 07-08 0.23694 €/kWh
  • 08-09 0.30659 €/kWh
  • 09-10 0.30896 €/kWh
  • 10-11 0.35555 €/kWh
  • 11-12 0.33926 €/kWh
  • 12-13 0.34291 €/kWh
  • 13-14 0.3405 €/kWh
  • 14-15 0.26923 €/kWh
  • 15-16 0.26903 €/kWh
  • 16-17 0.28129 €/kWh
  • 17-18 0.32566 €/kWh
  • 18-19 0.43301 €/kWh
  • 19-20 0.43142 €/kWh
  • 20-21 0.43236 €/kWh
  • 21-22 0.4307 €/kWh
  • 22-23 0.32307 €/kWh
  • 23-00 0.29509 €/kWh

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

The rise in the electricity market in recent months is mainly explained by the high prices of gas in the markets and carbon dioxide (CO2) emission rights, at all-time highs this year.

Compared to a year ago, the price in the ‘pool’ for this Wednesday will be 697% higher than 26.34 euros/MWhwhich registered on February 2, 2021.

the most expensive year

Electricity closed 2021 as the most expensive year in the historical series, with an average price of 111.93 euros/MWh due to the upward spiral registered in the pool in the second half.

The month of December registered an average monthly price in the wholesale electricity market of 239.1 euros, the highest monthly price in history after exceeding the 200 euros/MWh of last October by more than 39 euros.

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