Electricity price today March 7 by the hour: when is it cheaper and when is it more expensive to put appliances

March continues with a high price for the main energies (gas, gasoline, butane, electricity…), electricity being one of the most increased, rising to almost its historical maximum. As a direct consequence of the , this fact has caused that in the face of domestic consumption, it is vital to know when it is more profitable to use certain appliances (iron, washing machine, dishwasher, oven…) since their consumption can vary, assuming 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, March 7, is 442.54 euros/MWh. Very high figures when compared to the price set a year ago, when the MWh cost 54.43 euros.

At what time is electricity cheaper?

With regard to the daily variation, as usual, the cheapest sections are concentrated both in the early hours of the day and in the early hours of the afternoon. The first ones are the cheapest, highlighting the section between 11:00 p.m. and 12:00 a.m. when the price reaches its lowest figure, reaching 379.02 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 suppose the highest cost, reaching 500 euros/MWh between 07:00 and 09:00 and between 19:00 and 20:00: 00.

Electricity prices per hour on March 7

– From 00 to 01 hours: 441.85 euros/MWh.

– From 01 to 02 hours: 426.46 euros/MWh.

– From 02 to 03 hours: 416.67 euros/MWh.

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– From 03 to 04 hours: 400 euros/MWh.

– From 04 to 05 hours: 400 euros/MWh.

– From 05 to 06 hours: 426.46 euros/MWh.

– From 06 to 07 hours: 465.77 euros/MWh.

– From 07 to 08 hours: 500 euros/MWh.

– From 08 to 09 hours: 500 euros/MWh.

– From 9 a.m. to 10 a.m.: 483 euros/MWh.

– From 10 a.m. to 11 a.m.: 451 euros/MWh.

– From 11 a.m. to 12 p.m.: 450.05 euros/MWh.

– From 12 to 13 hours: 450 euros/MWh.

– From 13 to 14 hours: 447.48 euros/MWh.

– From 2:00 p.m. to 3:00 p.m.: 426.46 euros/MWh.

– From 15 to 16 hours: 382.72 euros/MWh.

– From 4:00 p.m. to 5:00 p.m.: 400 euros/MWh.

– From 5:00 p.m. to 6:00 p.m.: 450 euros/MWh.

– From 6:00 p.m. to 7:00 p.m.: 472.5 euros/MWh.

– From 7:00 p.m. to 8:00 p.m.: 500 euros/MWh.

– From 8:00 p.m. to 9:00 p.m.: 475 euros/MWh.

– From 9:00 p.m. to 10:00 p.m.: 450 euros/MWh.

– From 10 p.m. to 11 p.m.: 426.46 euros/MWh.

– From 23 to 24 hours: 379.02 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, which affects the pockets of consumers on the electricity bill.

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