The month of April begins and the price of electricity continues to skyrocket. They are a direct consequence of the high gas prices derived from Russia’s war in Ukraine, an essential raw material to produce light in combined cycle plants, which produce the most expensive electricity. All of this has meant that in the face of domestic consumption, it is vital to know when it is more profitable to use certain electrical appliances (iron, washing machine, dishwasher, oven…) since their consumption can vary, leading to significant savings. | .
As shown by the data from the Iberian Energy Market Operator (OMIE), the organization that manages the electricity markets of Spain and Portugal and collects their rates, the average price of electricity in Spain during this Saturday, April 2, is 225.08 euros/mWh, which represents a price 460% higher than that of the same day a year ago.
This price will be transferred at the end of the month to the bill of households that have contracted a regulated electricity bill (also called PVPC). For their part, those who have a fixed-price bill will not be affected by daily increases or decreases in the price of electricity and will pay as agreed in the contract.
At what time is electricity cheaper?
With regard to the daily variation, with reasoned stability throughout the day, the most profitable hours are concentrated in the early morning and mid-afternoon. This leads to the section between 17:00 and 18:00 being the ‘cheapest’ with a price of 93.69 euros/MWh.
At what time is electricity more expensive?
On the other hand, it is early at night when prices go up, the peak being in the section between 9:00 p.m. and 10:00 p.m. (300 euros/MWh).
How much will it cost each hour?
– From 00 to 01 hours: 296.42 euros/MWh.- From 01 to 02 hours: 287.33 euros/MWh.- From 02 to 03 hours: 280 euros/MWh.- From 03 to 04 hours: 260.54 euros/MWh.- From 04 to 05 hours: 258.7 euros/MWh.- From 05 to 06 hours: 252.7 euros/MWh.- From 06 to 07 hours: 265 euros/MWh.- From 07 to 08 hours: 248.14 euros/MWh.- From 08 to 09 hours: 260.54 euros/MWh.- From 09 to 10 hours: 235.86 euros/MWh.- From 10 to 11 hours: 181.45 euros/MWh.- From 11 to 12 hours: 155 euros/MWh.- From 12 to 13 hours : 148.88 euros/MWh.- From 13 to 14 hours: 164.39 euros/MWh.- From 14 to 15 hours: 152.17 euros/MWh.- From 15 to 16 hours: 133.67 euros/MWh.- From 16 to 17 hours: 126.68 euros/MWh.- From 17 to 18 hours: 93.69 euros/MWh.- From 18 to 19 hours: 172.65 euros/MWh.- From 19 to 20 hours: 248.14 euros/MWh.- From 20 to 21 hours: 293.78 euros/ MWh.- From 21 to 22 hours: 300 euros/MWh.- From 22 to 23 hours: 296.42 euros/MWh.- From 23 to 24 hours: 289.86 euros/MWh.
This constant increase in prices, as well as its variation, is due to the higher cost of gas in international markets, which is used in combined cycle plants. As these are the most expensive, they are the ones that, in general, mark the price in most hours.
As a direct consequence of the conflict with a supplying Russia, the price continues to rise due to the obstacles, which affects the pockets of consumers on the electricity bill.
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