Electricity prices today December 31 per hour: when is it cheaper?

the wholesale electricity prices in Spain, which serves as a reference for customers at the regulated tariff or PVPC, says goodbye to the annual lows of 2022, the most eventful year in its history, which led to an energy policy agreed between European partners.

The 1.82 euros/megawatt hour (MWh) that will be paid this New Year’s Eve are only with the exception of one year when the “pool” closed with an average price of €210.2/MWhit’s a 88% more expensive only around 112 euros/MWh in 2021, due to various factors, including the war in Ukraine and high temperatures.

Electricity RATES: Average, minimum and maximum price for Saturday, December 31

• AVERAGE PRICE OF THE DAY -> €0.03802 /kWh
• LOWEST PRICE OF THE DAY: 12 p.m. – 1 p.m. -> €0.0258/kWh
• HIGHEST PRICE OF THE DAY: 07h – 08h -> €0.05006/kWh

PRICE PER KWH OF LIGHT PER HOUR

00h – 01h: €0.04344/kWh

01h – 02h: €0.04597/kWh

2 a.m. – 3 a.m.: €0.04946/kWh

3 a.m. – 4 a.m.: €0.04757/kWh

04h – 05h: €0.04572/kWh

05h – 06h: €0.04543/kWh

06h – 07h: €0.04914/kWh

07h – 08h: €0.05006/kWh

8 a.m. – 9 a.m.: €0.04992/kWh

9 a.m. – 10 a.m.: €0.03887/kWh

10 a.m. – 11 a.m.: €0.02761/kWh

11 a.m. – 12 p.m.: €0.02587/kWh

12:00 p.m. – 1:00 p.m.: €0.0258/kWh

1 p.m. – 2 p.m.: €0.02731/kWh

2 p.m. – 3 p.m.: €0.02798/kWh

3 p.m. – 4 p.m.: €0.02801/kWh

4 p.m. – 5 p.m.: €0.03299/kWh

5 p.m. – 6 p.m.: €0.02993/kWh

6 p.m. – 7 p.m.: €0.04737/kWh

7 p.m. – 8 p.m.: €0.04438/kWh

8 p.m. – 9 p.m.: €0.03402/kWh

9 p.m. – 10 p.m.: €0.03089/kWh

10 p.m. – 11 p.m.: €0.03212/kWh

11 p.m. – midnight: €0.03268/kWh

What factors influence price increases?

The price escalation affecting most of Europe is due, among other things, to the rise in the price of gas on international markets, which is used in combined cycle power plants and which sets the market price for most hours, and increase in the value of carbon dioxide (CO2) emission rights.

Government measures

The government has extended until April 30 the reduction of taxes included in the electricity bill paid by all consumers in order to mitigate the negative effect that the increase in the price of electricity has on citizens.

Concretely, the reductions in VAT from 21% to 10% and in the special tax on electricity from 5.11% to 0.5%, the legal minimum, have been extended until April 30. However, the suspension of the 7% generation tax paid by companies will only be maintained, for the moment, until March 31.