These are the cheapest hours of electricity this Tuesday

The average price of electricity in the wholesale market will drop 0.

These are the cheapest hours of electricity this Tuesday

The average price of electricity in the wholesale market will drop 0.83% on Tuesday compared to this Monday, remaining below the level of 200 euros per megawatt hour (MWh).

Specifically, the average price of electricity will be 193.32 euros/MWh this Tuesday, 1.62 euros cheaper than the price of this Monday (194.94 euros), according to data published by the Market Operator Ibérico de Energía (OMIE) and collected by Europa Press.

Thus, the maximum price of electricity on June 7 will be recorded between 9:00 p.m. and 10:00 p.m., with €0.35006/kWh, while the minimum for the day, €0.21323/kWh, will occur between 6:00 a.m. and 10:00 p.m. 7:00 a.m.

Compared to a year ago, the average price of electricity for this Tuesday will be 142.59% more expensive than the 79.69 euros/MWh of June 7, 2021.

Last May, the electricity bill of an average user reached 120.68 euros, 46.9% above the 82.13 euros of the same month last year, according to data from Facua-Consumidores en Acción on the evolution of the regulated rate (PVPC), which places the receipt for the last month as the sixth highest in history.

The prices of the 'pool' have a direct impact on the regulated rate --the so-called PVPC--, to which almost 11 million households in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market. In fact, the National Commission of Markets and Competition (CNMC) has verified that in 2021, in the framework of the upward spiral of energy, around 1.25 million people switched from the PVPC to a rate in the free market at a fixed price.

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