Monthly report · day-ahead marketElectricity prices in Portugal, May 2024
May 2024
Monthly average€0.031€30.74/MWh
Cheapest day31 May€0.003/kWh
Most expensive day24 May€0.073/kWh
Hours below zero27h
In May 2024, electricity on the day-ahead market in Portugal cost an average of €0.031/kWh (€30.74/MWh).
That is 132% more than in April 2024.
The cheapest day was Friday, 31 May 2024, averaging €0.003/kWh; the most expensive was Friday, 24 May 2024 at €0.073/kWh.
The lowest price came on 1 May 2024 at 15:00 (-€0.001/kWh), the highest on 16 May 2024 at 20:00 (€0.120/kWh). In total, prices were below zero for 27 hours.
On an average day, the cheapest three hours were 13:00–16:00. Weekends were on average 22% cheaper than weekdays.
Compared with
- Previous month (April 2024)
- €0.013 ▲
- Weekdays
- €0.033
- Weekends
- €0.026
Wholesale price · /kWh
Price by day
Daily wholesale average; the line marks the monthly average.
/kWh
The average day
Average wholesale price for each hour of the day this month.
/kWh · 13:00–16:00
All days
| Day | Average | Lowest | Highest | Hours < 0 |
|---|---|---|---|---|
| 1 May Wednesday | €0.013 | -€0.001 15:00 | €0.035 23:00 | 8 |
| 2 May Thursday | €0.016 | €0.000 13:00 | €0.059 20:00 | – |
| 3 May Friday | €0.026 | €0.000 15:00 | €0.067 20:00 | – |
| 4 May Saturday | €0.015 | €0.000 10:00 | €0.035 21:00 | – |
| 5 May Sunday | €0.018 | -€0.001 13:00 | €0.054 20:00 | 3 |
| 6 May Monday | €0.048 | €0.004 15:00 | €0.098 20:00 | – |
| 7 May Tuesday | €0.043 | €0.000 15:00 | €0.100 06:00 | – |
| 8 May Wednesday | €0.022 | €0.003 11:00 | €0.063 20:00 | – |
| 9 May Thursday | €0.036 | €0.007 10:00 | €0.105 20:00 | – |
| 10 May Friday | €0.029 | €0.000 12:00 | €0.076 06:00 | – |
| 11 May Saturday | €0.021 | €0.000 15:00 | €0.044 20:00 | 2 |
| 12 May Sunday | €0.022 | €0.000 08:00 | €0.062 20:00 | – |
| 13 May Monday | €0.023 | €0.000 12:00 | €0.050 07:00 | – |
| 14 May Tuesday | €0.008 | €0.000 14:00 | €0.035 20:00 | 3 |
| 15 May Wednesday | €0.014 | €0.000 12:00 | €0.051 21:00 | – |
| 16 May Thursday | €0.033 | €0.003 14:00 | €0.120 20:00 | – |
| 17 May Friday | €0.053 | €0.011 15:00 | €0.103 06:00 | – |
| 18 May Saturday | €0.033 | €0.000 11:00 | €0.074 21:00 | – |
| 19 May Sunday | €0.027 | -€0.001 15:00 | €0.058 23:00 | 2 |
| 20 May Monday | €0.033 | €0.001 14:00 | €0.059 20:00 | – |
| 21 May Tuesday | €0.046 | €0.007 15:00 | €0.073 07:00 | – |
| 22 May Wednesday | €0.045 | €0.003 14:00 | €0.075 20:00 | – |
| 23 May Thursday | €0.060 | €0.026 14:00 | €0.092 21:00 | – |
| 24 May Friday | €0.073 | €0.035 14:00 | €0.117 20:00 | – |
| 25 May Saturday | €0.044 | €0.000 13:00 | €0.095 23:00 | – |
| 26 May Sunday | €0.025 | -€0.001 14:00 | €0.057 23:00 | 6 |
| 27 May Monday | €0.031 | €0.006 15:00 | €0.054 20:00 | – |
| 28 May Tuesday | €0.030 | €0.000 14:00 | €0.071 20:00 | – |
| 29 May Wednesday | €0.039 | €0.011 15:00 | €0.070 21:00 | – |
| 30 May Thursday | €0.024 | €0.000 13:00 | €0.051 23:00 | – |
| 31 May Friday | €0.003 | €0.000 14:00 | €0.010 23:00 | 3 |
/kWh · Today · Methodology