The month of April has arrived, but the price of electricity continues to skyrocket. It is 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 Sunday, April 3, It is 228.30 euros/mWh, 548.95% more expensive than the same day in 2021.
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 129.99 euros/MWh.
At what time is electricity more expensive?
On the contrary, the maximum peak will be found this Sunday in the first hour of the day, the section between 00:00 and 01:00 (290 euros/MWh), and later in the section from 9:00 p.m. to 10:00 p.m. €284.03/MWh).
How much will it cost each hour?
– From 00 to 01 hours: 290 euros/MWh.
– From 01 to 02 hours: 283.71 euros/MWh.
– From 02 to 03 hours: 280.55 euros/MWh.
– From 03 to 04 hours: 275.40 euros/MWh.
– From 04 to 05 hours: 257.01 euros/MWh.
– From 05 to 06 hours: 258.73 euros/MWh.
– From 06 to 07 hours: 270.60 euros/MWh.
– From 07 to 08 hours: 275 euros/MWh.
– From 8 a.m. to 9 a.m.: 277.34 euros/MWh.
– From 9 a.m. to 10 a.m.: 252.01 euros/MWh.
– From 10 a.m. to 11 a.m.: 223 euros/MWh.
– From 11 a.m. to 12 p.m.: 181.94 euros/MWh.
– From 12 to 13 hours: 172.70 euros/MWh.
– From 13 to 14 hours: 172.70 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 172.40 euros/MWh.
– From 15 to 16 hours: 170 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 138.83 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 129.99 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 167.02 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 203.12 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 273.60 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 284.03 euros/MWh.
– From 10 p.m. to 11 p.m.: 265 euros/MWh.
– From 23 to 24 hours: 204.42 euros/MWh.
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