Current affairs / Story
Electricity on Sunday: price below zero for 6 hours, from 10:00 to 16:00
The regulated tariff averages €0.182 per kWh on 1 November, and the dearest hour, 20:00 to 21:00, costs €0.298.
The regulated PVPC electricity tariff averages €0.182 per kWh on Sunday 1 November, according to Red Eléctrica (REE). The price is below zero for 6 hours, from 10:00 to 16:00, before VAT and electricity tax. The cheapest hour is 10:00 to 11:00, at -€0.008.
The next cheapest are 11:00 to 12:00 (-€0.008) and 12:00 to 13:00 (-€0.004). The dearest hour is 20:00 to 21:00, at €0.298, followed by 21:00 to 22:00 (€0.298) and 19:00 to 20:00 (€0.287).
The day's average is 1.3 cents less than the day before, when it was €0.195. It is the same as a week earlier.
Before tax, running a 2 kWh appliance such as a washing machine costs about €0.60 in the dearest hour. In the cheapest hours, the energy it uses has no cost before tax.
By part of the day, the average is €0.274 from midnight to 08:00, €0.049 from 08:00 to 14:00, €0.124 from 14:00 to 20:00 and €0.285 from 20:00 to midnight.
These prices apply to households on the PVPC regulated tariff, and cover the electricity used, before VAT and electricity tax. A bill also has a fixed charge for contracted power, and customers on fixed-price contracts pay their agreed rate.
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