Current affairs / Story
Tuesday electricity: cheapest hour costs €0.046 per kWh
The regulated PVPC tariff averages €0.228 per kWh on 3 November, with prices ranging from €0.046 in the afternoon to €0.428 in the evening.
Households on Spain’s regulated PVPC electricity tariff will pay an average of €0.228 per kWh on Tuesday 3 November, according to Red Eléctrica. The daily average is 4.1 cents higher than the day before but 0.4 cents below the level recorded a week earlier.
Cheapest and dearest periods
The lowest price runs from 14:00 to 15:00, at €0.046 per kWh. The next cheapest periods are 11:00 to 12:00, at €0.071, and 12:00 to 13:00, at €0.073.
The peak comes from 18:00 to 19:00, when the price reaches €0.428. The following two dearest periods are 20:00 to 21:00 and 19:00 to 20:00, both at €0.422.
Before tax, running a 2 kWh appliance such as a washing machine costs about €0.09 in the cheapest hour and €0.86 at the peak, a difference of €0.77.
The average by period is €0.216 from midnight to 08:00, €0.127 from 08:00 to 14:00, €0.257 from 14:00 to 20:00 and €0.362 from 20:00 to midnight.
The figures cover electricity consumed by PVPC households before VAT and electricity tax. Bills also include a fixed charge for contracted power, while fixed-price customers pay the rate agreed in their contract.
Source: Red Eléctrica (REE).
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