The cheapest is two hours to put it on the washing machine

The price of electricity will rise tomorrow. After two days of the increase, consumers will be able to benefit from a significant reduction in electricity prices. Customers with regulated rates will get two cheaper hours for using higher consumption appliances, such as a washing machine or dishwasher. With this simple gesture, you can save a few euros on your electricity bill at the end of the month.

So the price of electricity for this Monday 27 November It will rise on average to €107.85 MWh, Coming to more than 144 euros in the most expensive watch. So far in November, the electric “pool” is recording an average price of close to 60 euros/MWh, compared to 97 euros/MWh On average recorded in the same period last month or 114 euros in November 2022.

The price More expensive From the morning light, from €144.99/MWhwill be recorded between 08:00 and 09:00and at the same time it is cheapest pricel €85.11/MWhwill be reached between At 11:00 pm and 12:00 am, According to provisional data issued by the Iberian Energy Market Operator (OMIE).

Morning electricity price per hour

What is the Iberian Exception Convention?

The recent extension of the “Iberian exception”, an agreement between Spain, Portugal and the European Commission, It has brought about relevant changes in the energy market. This regulation, which has been extended until December 31, seeks to mitigate the increase in energy prices.

Compensation for gas companies

A key part of this regulation is compensation to gas companies, a cost that falls on consumers under a regulated tariff (PVPC) or those with tariffs linked to the free market. Although this compensation has amounted to 0 EUR/MWh since February, It is expected that the extension will allow maintaining more balanced prices And less dependent on fluctuations in the natural gas market.

What does “Iberian exception” mean?

The “Iberian Exception” is a special agreement between Spain, Portugal and the European Union to regulate energy prices in the Iberian Peninsula. This measure seeks to protect consumers from sudden increases in gas prices Electricity, especially in times of extreme volatility in energy markets.

Impact on consumers

The main effect of this exception for consumers is increased predictability On gas and electricity bills. Although some fluctuations persist, the limits imposed by the Iberian exception seek to avoid disproportionate increases in prices, Which provides a certain degree of stability In an increasingly complex and globalized energy market.

This action is a clear example of how international cooperation and regulation can play a crucial role in stabilizing energy markets. Which benefits consumers and the energy sector as a whole.