Current affairs / Story
Monday’s PVPC electricity rate turns negative from 10:00 to 16:00
The lowest listed rate is -€0.017 per kWh between 10:00 and 11:00. Taxes and the fixed charge for contracted power remain separate.
The regulated PVPC electricity rate will be below zero from 10:00 to 16:00 on Monday 2 November, according to Red Eléctrica data. The six-hour stretch covers the listed price of electricity consumed, before VAT and electricity tax.
The lowest hourly rate is -€0.017 per kWh between 10:00 and 11:00. Two other low-price slots, 13:00–14:00 and 14:00–15:00, each have a rate of -€0.015 per kWh.
Prices rise in the evening. The highest rate is €0.329 per kWh at 18:00–19:00, followed by €0.326 at 19:00–20:00 and €0.321 at 20:00–21:00.
Monday’s daily average is €0.187 per kWh. That is 0.5 cents above the previous day’s €0.182 and 4.1 cents below the €0.228 recorded a week earlier.
The averages for different parts of Monday are: - Midnight to 08:00: €0.264 per kWh. - 08:00 to 14:00: €0.044 per kWh. - 14:00 to 20:00: €0.166 per kWh. - 20:00 to midnight: €0.282 per kWh.
What these prices cover
The rates apply to households on the regulated PVPC tariff. They cover the electricity consumed, with VAT and electricity tax excluded. The bill also includes a fixed charge for contracted power.
An appliance using 2 kWh would cost about €0.66 in energy during the highest-priced hour, before tax.
Households with fixed-price contracts pay the rate agreed with their supplier. The published hourly PVPC rates do not replace that agreed price.
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