According to recent reports, the average price of electricity on the stock exchange will experience a slight increase on Tuesday as compared to its price on Monday.
The cost of exchange electricity on the upcoming Tuesday, inclusive of VAT, is projected to be around 8.4 cents per kilowatt hour on an average.
The price of electricity is expected to peak on Tuesday evenings, specifically between 6 to 7 p.m., when the cost is set to jump to an impressive 11.5 cents per kilowatt hour. However, the cheapest electricity rates can be availed after midnight, leading into Wednesday. During this time, the hourly price of electricity in the stock market drops to about 4.5 cents per kilowatt hour.
The beginning of the week has seen a surge in electricity prices as compared to the weekend. For instance, on Saturday, the average price of electricity on the stock exchange was merely about 2.4 cents per kilowatt hour and on Sunday it was about 4.7 cents per kilowatt hour.
By Monday, the average price had already escalated to approximately eight cents per kilowatt hour.
Throughout the month of February, the average price of electricity, inclusive of VAT, has been around 7.5 cents per kilowatt hour.
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