Saturday PVPC price falls to €0.129 in cheapest hour

Red Eléctrica says the regulated PVPC power rate will average €0.206 per kWh on Saturday 7 November. The lowest price is €0.129 from 13:00 to 14:00.

Midday offers the lowest rates

The next best times are 14:00 to 15:00, at €0.131, and 12:00 to 13:00, at €0.136. The peak rate is €0.277 from 18:00 to 19:00. It is also €0.277 from 20:00 to 21:00. The rate then slips to €0.275 from 21:00 to 22:00.

The day’s average is 4.1 cents below the day before, when it was €0.247. It is 1.1 cents above the rate a week earlier, which was €0.195.

A 2 kWh device, such as a washing machine, would cost about €0.26 to run in the cheapest hour. The cost would be about €0.55 in the dearest hour. That is a gap of €0.29, before tax.

The average from midnight to 08:00 is €0.204. It falls to €0.172 from 08:00 to 14:00. The rate averages €0.211 from 14:00 to 20:00, then €0.251 until midnight.

These rates apply to homes on the PVPC plan. They cover the power used before VAT and power tax. Bills also include a fixed fee for the power level in the contract. People on fixed-price deals pay the rate set in their deal.

Source: Red Eléctrica (REE).