Saturday, June 3, 2023

Hourly cost of light, May 20 | When is kWh the cheapest and when is it most expensive?

After months of energy crisis caused by the war in Ukraine, ‘Iberian exception’ This has allowed a reduction in the electricity bill.

The European Commission has accepted a new measure proposed by Spain and Portugal that sets a cap of 40 euros per megawatt hour on the price of gas used to generate electricity. this temporary system Will be applicable till 31st December, 2023,

During the past 2022, Spain experienced a distinct increase in the cost of the megawatt hour, reaching the point of reaching a maximum price of 700 Euro/MWh, which destroyed all records. With the new system coming into operation, Government hopes to reduce electricity bill by 15% to 20%,

When is the cheapest light on Saturday, May 20?

According to information provided by the Red Electrica de España website, cheapest stretch of light for Saturday 20 May It will be 11am – 12 noon.with the price of 0.03108 Euro per kWh Throughout the national territory, including the peninsula, the Balearic Islands, the Canary Islands, Ceuta and Melilla.

When will the most expensive electricity be available on Saturday, May 20?

Besides, 9:00 p.m. – 10:00 p.m. On Saturday 20 May, The price of a kilowatt-hour of light will rise to 0.11458 euros Throughout the peninsula, the Balearic Islands, the Canary Islands, Ceuta and Melilla.

How is the electricity rate calculated?

The electricity bill is determined using two prices, One for the contracted power and the other for the kilowatts consumed during the month.

The type of invoice contracted also affects the final price of electricity, as There are three types of sections on the basis of schedule, Busy time (most expensive), bell of wool (cheaper than the previous one) and valley time (cheapest of the three). This challan model was implemented from the month of June.

There are two options for selecting the power tariff: the rate offered by your retailer or the Small Consumer Voluntary Price (PVPC) available in the regulated market.

World Nation News Desk
World Nation News Desk
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