March faces its last week 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 Monday, March 28, is 231.72 euros/MWh, which represents a price 500.31% higher than that of the same day a year ago.
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 05:00 and 06:00 to be the ‘cheapest’ with a price of 195.01 euros/MWh.
At what time is electricity more expensive?
On the other hand, it is early at night when prices go up, the peak being in the section between 9:00 p.m. and 10:00 p.m. (288.86 euros/MWh).
Electricity prices per hour on March 28
– From 00 to 01 hours: 216.79 euros/MWh.
– From 01 to 02 hours: 206.96 euros/MWh.
– From 02 to 03 hours: 201.18 euros/MWh.
– From 03 to 04 hours: 195.75 euros/MWh.
– From 04 to 05 hours: 195.01 euros/MWh.
– From 05 to 06 hours: 211.27 euros/MWh.
– From 06 to 07 hours: 241.34 euros/MWh.
– From 07 to 08 hours: 242.99 euros/MWh.
– From 8 a.m. to 9 a.m.: 246 euros/MWh.
– From 9 a.m. to 10 a.m.: 249.6 euros/MWh.
– From 10 a.m. to 11 a.m.: 245.54 euros/MWh.
– From 11 a.m. to 12 p.m.: 243 euros/MWh.
– From 12 to 13 hours: 238.89 euros/MWh.
– From 13 to 14 hours: 219.55 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 216.88 euros/MWh.
– From 15 to 16 hours: 210.1 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 208.55 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 203.77 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 241.14 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 255 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 288.86 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 283 euros/MWh.
– From 10 p.m. to 11 p.m.: 256.11 euros/MWh.
– From 23 to 24 hours: 243.97 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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