Friday power price falls to €0.179 in cheapest hour

The regulated PVPC power price averages €0.247 per kWh on Friday 6 November, Red Eléctrica says. The lowest rate runs from 14:00 to 15:00 and costs €0.179 per kWh.

The next cheapest slots are 03:00 to 04:00 and 04:00 to 05:00. Both cost €0.181 per kWh.

Prices peak from 18:00 to 19:00 at €0.371 per kWh. They then fall to €0.366 from 19:00 to 20:00 and €0.364 from 20:00 to 21:00.

The daily average is 0.2 cents below the day before, when it was €0.249. It is 0.8 cents above the level a week earlier, when it was €0.239.

Before tax, a 2 kWh appliance costs about €0.36 in the cheapest hour. The same use costs about €0.74 in the dearest hour, a difference of €0.38.

The average from midnight to 08:00 is €0.204 per kWh. It rises to €0.242 from 08:00 to 14:00 and €0.266 from 14:00 to 20:00. From 20:00 to midnight, it averages €0.310.

These figures apply to homes on the regulated PVPC tariff. They cover power used before VAT and electricity tax. Bills also include a fixed charge for contracted power. Fixed-price customers pay the rate agreed in their contract.

Source: Red Eléctrica (REE).