cheapest and most expensive hours

After this new rise, the price of electricity almost triples the amount that marked during the third Tuesday of May of the previous year (77.65 euros), although it is 3% below the figures for February 24, when the Russian invasion of Ukraine began.

By time slots, the Maximum price for this Tuesday it will be registered between 9:00 p.m. and 10:00 p.m., with 265.88 euros/MWh, while the minimum it will be 160.99 euros/MWh between 2:00 p.m. and 3:00 p.m.

In the first 17 days of May, the price of electricity reaches an average of 189.23 euros/MWh, about 33% below the March valuethe most expensive month in history with 283.3 euros/MWh, although it almost doubles the average value of 2021 (111.4 euros/MWh), the highest since records exist.

The costs of the wholesale market have a direct impact on the regulated tariff or PVPC to which more than 10 million consumers in Spain are covered, and serve as a reference for the other 19 million who contract their supply on the free market.

The Government recently approved a national plan to respond to the economic and social consequences of the war in Ukraine, which includes the extension of the tax reduction on the taxes levied on the electricity bill until June 30, and the extension of the electricity social bond to reach 1.9 million beneficiary households.

In addition, after receiving recognition by the European Council of the difficulty of Spain Y Portugal To deal with high energy prices due to their low level of interconnections with the rest of the continent, both countries have launched a mechanism that will limit the price of gas used for electricity production for 12 months.

This mechanism, which will cap the price of gas at an average of 48.8 euros/MWh for the duration of the measure, will allow the wholesale price of electricity to drop by 40% to 130 euros per megawatt hour (MWh) as of June , according to the calculations of the Executive.