After a difficult end of 2021, in which the main energies increased considerably, the beginning of 2022 has not brought better news and thus, gas, gasoline, butane or electricity continue to increase. The latter, being of great concern to the company, due to the heavy blow it entails for your pocket, has raised its price even more. For this reason, it is vital to know when it is more profitable to use certain appliances (iron, washing machine, dishwasher, oven…) since their consumption can vary, resulting in significant savings.
As shown by data from , the organization that manages the electricity markets of Spain and Portugal and collects their rates, the average price of electricity in Spain during this Monday, February 28, is 277.78 euros/MWh. Very high figures when compared to the price set a year ago, when the MWh cost 14.05 euros.
At what time is electricity cheaper?
Regarding the daily variation, the cheapest sections are concentrated in the early hours of the day. It is between 3:00 p.m. and 4:00 p.m. when the price is at its lowest curve to settle at 218.97 euros/MWh.
At what time is electricity more expensive?
On the contrary, the central hours of the morning as well as those closest to dusk represent the highest cost, reaching 346 euros/MWh between 8:00 p.m. and 9:00 p.m.
Electricity prices per hour on February 28
– From 00 to 01 hours: 295 euros/MWh.
– From 01 to 02 hours: 286.83 euros/MWh.
– From 02 to 03 hours: 282.49 euros/MWh.
– From 03 to 04 hours: 282.16 euros/MWh.
– From 04 to 05 hours: 277.73 euros/MWh.
– From 05 to 06 hours: 281.05 euros/MWh.
– From 06 to 07 hours: 286.54 euros/MWh.
– From 07 to 08 hours: 322.9 euros/MWh.
– From 8 a.m. to 9 a.m.: 308.9 euros/MWh.
– From 9 a.m. to 10 a.m.: 284.05 euros/MWh.
– From 10 a.m. to 11 a.m.: 258.45 euros/MWh.
– From 11 a.m. to 12 noon: 221.3 euros/MWh.
– From 12 to 13 hours: 224 euros/MWh.
– From 13 to 14 hours: 221.88 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 220 euros/MWh.
– From 15 to 16 hours: 218.97 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 253.79 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 280.56 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 300 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 318.73 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 346 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 324.09 euros/MWh.
– From 10 p.m. to 11 p.m.: 291.18 euros/MWh.
– From 23 to 24 hours: 280 euros/MWh.
Why does the price of electricity vary so much?
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.
Direct consequence of the conflict with a supplying Russia, the price has risen in the last few hours, which affects the pockets of consumers on the electricity bill.
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