March continues with a high price for the main energies (gas, gasoline, butane, electricity…), despite the drop compared to the historical record that was set two weeks ago. Direct consequence of the prices of the war between Russia and Ukraine, but also of the high cost that the electricity companies have been adding, as well as the few measures of the Government, this fact has caused that in the face of domestic consumption, it is vital to know when it is more It is profitable to use certain 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, March 27, is 219.42 euros/MWh. Very high figures when compared to the price set a year ago, when the MWh cost 41.11 euros.
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, as well as during the early afternoon. This leads the section between 3:00 p.m. and 4:00 p.m. to be the ‘cheapest’ with a price of 173.75 euros/MWh.
At what time is electricity more expensive?
On the other hand, it is in the central hours of the morning and throughout the afternoon when prices go up, the peak being at dusk with the section between 7:00 p.m. and 8:00 p.m. (285 euros/MWh).
Electricity prices per hour on March 27
– From 00 to 01 hours: 258.17 euros/MWh.
– From 01 to 02 hours: 242.01 euros/MWh.
– From 02 to 03 hours: 227 euros/MWh.
– From 03 to 04 hours: 212 euros/MWh.
– From 04 to 05 hours: 211.09 euros/MWh.
– From 05 to 06 hours: 210.31 euros/MWh.
– From 06 to 07 hours: 214.03 euros/MWh.
– From 07 to 08 hours: 214.08 euros/MWh.
– From 8 a.m. to 9 a.m.: 214.07 euros/MWh.
– From 9 a.m. to 10 a.m.: 205.02 euros/MWh.
– From 10 a.m. to 11 a.m.: 197.61 euros/MWh.
– From 11 a.m. to 12 p.m.: 192.08 euros/MWh.
– From 12 to 13 hours: 175.10 euros/MWh.
– From 13 to 14 hours: 182.89 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 174.9 euros/MWh.
– From 3 to 4 p.m.: 173.75 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 194.83 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 220 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 260.68 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 285 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 275.12 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 264.08 euros/MWh.
– From 10 p.m. to 11 p.m.: 242.09 euros/MWh.
– From 23 to 24 hours: 268.17 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.
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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