Electricity prices in Spain are set to drop significantly on October 31, providing relief to consumers as the month comes to a close. After experiencing costs exceeding 100 euros per megawatt-hour (MWh) on several days, the prices are now forecasted to decrease.
Despite the overall reduction, there will still be times during the day when electricity costs will be higher, necessitating attention from consumers. Specifically, the hours when electricity is most expensive will require careful planning.
On the other hand, the lowest electricity rates will be observed during specific periods, marking a welcome change for many households. Notably, there will be time slots throughout the day where the cost falls below 20 euros per MWh, offering significant savings.
The detailed pricing schedule for October 31 is as follows:
- From 00:00 to 01:00: 69.26 euros/MWh
- From 01:00 to 02:00: 54.36 euros/MWh
- From 02:00 to 03:00: 52.27 euros/MWh
- From 03:00 to 04:00: 50.81 euros/MWh
- From 04:00 to 05:00: 50.4 euros/MWh
- From 05:00 to 06:00: 50.81 euros/MWh
- From 06:00 to 07:00: 67.49 euros/MWh
- From 07:00 to 08:00: 77.44 euros/MWh
- From 08:00 to 09:00: 75.49 euros/MWh
- From 09:00 to 10:00: 58.9 euros/MWh
- From 10:00 to 11:00: 34.09 euros/MWh
- From 11:00 to 12:00: 18.12 euros/MWh
- From 12:00 to 13:00: 17.07 euros/MWh
- From 13:00 to 14:00: 15.92 euros/MWh
- From 15:00 to 16:00: 21.75 euros/MWh
- From 16:00 to 17:00: 42.3 euros/MWh
- From 17:00 to 18:00: 65.82 euros/MWh
- From 18:00 to 19:00: 83.23 euros/MWh
- From 19:00 to 20:00: 90.36 euros/MWh
- From 21:00 to 22:00: 87.8 euros/MWh
- From 22:00 to 23:00: 77.42 euros/MWh
- From 23:00 to 24:00: 68.49 euros/MWh
Overall, the upcoming change in electricity pricing for October 31 is a significant positive development for consumers, who will benefit from lower costs throughout the day.
