The price of electricity has given a surprise this Saturday and its price will sink for much of the day. If yesterday, Friday, the MWh exceeded an average of 200 euros, today it will be below 90 euros.
If you are thinking about the best time to install appliances, as you will see in the graph below, it will be cheaper between 11:00 in the morning and 8:00 in the afternoon.
Specifically, and according to data from OMIE, the regulator in Spain and Portugal, for this Saturday, April 23, the price of electricity will be 86.25 euros/MWh, 25.8% more than a year ago, when the price was 68.56 euros/MWh.
This price, however, will only be applied to households that have contracted a regulated rate (PVPC), almost 11 million in Spain. As long as they have their bill in the , they will only notice the increase when their contract is updated annually.
At what time is electricity cheaper?
The cheapest hour of electricity will be throughout the afternoon. Specifically, between 3:00 p.m. and 6:00 p.m., when electricity will barely cost 1.17 euros/MWh.
At what time is electricity more expensive?
The most expensive time to turn on the light will be early at night, between 10:00 p.m. and 11:00 p.m., when it will cost 182.48 euros/MWh.
How much does electricity cost every hour?
– From 00 to 01 hours: 180.21 euros/MWh
– From 01 to 02 hours: 173.15 euros/MWh
– From 02 to 03 hours: 168.03 euros/MWh
– From 03 to 04 hours: 142 euros/MWh
– From 04 to 05 hours: 126.58 euros/MWh
– From 05 to 06 hours: 122.45 euros/MWh
– From 06 to 07 hours: 135.31 euros/MWh
– From 07 to 08 hours: 120.1 euros/MWh
– From 08 to 09 hours: 86.69 euros/MWh
– From 9 a.m. to 10 a.m.: 72.02 euros/MWh
– From 10 to 11 hours: 55.39 euros/MWh
– From 11 to 12 hours: 4.79 euros/MWh
– From 12 to 13 hours: 3.7 euros/MWh
– From 13 to 14 hours: 3.7 euros/MWh
– From 2:00 p.m. to 3:00 p.m.: 3.7 euros/MWh
– From 15 to 16 hours: 1.17 euros/MWh
– From 4:00 p.m. to 5:00 p.m.: 1.17 euros/MWh
– From 5:00 p.m. to 6:00 p.m.: 1.17 euros/MWh
– From 6:00 p.m. to 7:00 p.m.: 3.7 euros/MWh
– From 7:00 p.m. to 8:00 p.m.: 18.94 euros/MWh
– From 8:00 p.m. to 9:00 p.m.: 119.99 euros/MWh
– From 9:00 p.m. to 10:00 p.m.: 173.15 euros/MWh
– From 10 p.m. to 11 p.m.: 182.48 euros/MWh
– From 23 to 24 hours: 170.38 euros/MWh
Why does the price of electricity vary so much?
The main cause of the price fluctuations is that the price of gas is experiencing strong increases and its use is essential for the production of energy in the so-called combined cycle plants. Thus, any impact on the price of gas has an almost immediate impact on the price of electricity.
The current context does not help, precisely, to contain the price of gas. Russia is one of the largest suppliers of gas on the planet and the influence of the war in Ukraine has been felt in half the world, including Spain.
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