PVPC power price is lowest at €0.168 per kWh from 14:00 to 15:00

The regulated PVPC power rate in Spain averages €0.249 per kilowatt-hour on 5 November, according to Red Eléctrica (REE). The lowest price is €0.168 per kWh from 14:00 to 15:00.

The next cheapest slots are 03:00 to 04:00 at €0.174, and 15:00 to 16:00 at €0.175. The highest price is €0.402 from 20:00 to 21:00. It is followed by €0.383 from 19:00 to 20:00, then €0.382 from 21:00 to 22:00.

The daily average is 0.4 cents lower than the previous day’s €0.253. It is 0.9 cents higher than the weekly comparison of €0.240. By time of day, the average is €0.209 from midnight to 08:00, €0.240 from 08:00 to 14:00, €0.259 from 14:00 to 20:00 and €0.331 from 20:00 to midnight.

REE’s example estimates that a 2 kWh appliance uses about €0.34 of electricity in the cheapest slot, before tax. The same use costs about €0.80 in the most expensive slot, a difference of €0.46.

These hourly rates apply to households on the regulated PVPC tariff. They cover electricity used, before VAT and electricity tax. Bills also include a fixed charge for contracted power. Customers on fixed-price plans pay the rate set in their contract.

Source: Red Eléctrica (REE).