The price of electricity continues to be consolidated as one of the main headaches for citizens within an inflationary spiral and in the midst of the Government’s battle in the European Union to put limits on energy prices, which has led to a joint proposal for Spain and Portugal to limit the maximum price of gas at 30 euros.
Meanwhile, life goes on and the price of electricity remains at extremely high levels compared to those of the same date in 2021. According to data from OMIE, the regulator in Spain and Portugal, for this Friday, April 8, the price of electricity will be 154.70 euros/MWh, twice as much as a year ago, when the price was 74.64 euros/MWh.
This price, however, will be applied to the invoices of people who have contracted a regulated rate (PVPC). Those with a free market rate will only notice the increase when their contract is updated annually.
At what time is electricity cheaper?
The cheapest hour of electricity will be during the afternoon. Specifically, between 3:00 p.m. and 5:00 p.m., with prices of 7 euros/MWh. The most expensive time to turn on the light will be at night, between 9:00 p.m. and 10:00 p.m., when it will cost 252.08 euros/MWh.
At what time is electricity more expensive?
The most expensive time to turn on the light will be at night, between 9:00 p.m. and 10:00 p.m., when it will cost 252.08 euros/MWh.
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