March continues with a high price on the main energies (gas, gasoline, butane, electricity…), to the point that electricity. As a direct consequence of the , but also of the high price that electricity companies have been adding, as well as the few measures taken by the Government, this fact has meant that with regard to domestic consumption, it is vital to know when it is more profitable to use certain electrical appliances (iron, washing machine , dishwasher, oven…) since its consumption can vary, assuming significant savings.
As shown by the 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 Tuesday, March 8, is 544.98 euros/MWh. Very high figures when compared to the price set a year ago, when the MWh cost 53.16 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 04:00 and 05:00 when the price reaches its lowest figure, reaching 424.88 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 even 700 euros/MWh between 7:00 p.m. and 8:00 p.m.
Electricity prices per hour on March 8
– From 00 to 01 hours: 450.95 euros/MWh.
– From 01 to 02 hours: 449.5 euros/MWh.
– From 02 to 03 hours: 449.5 euros/MWh.
– From 03 to 04 hours: 424.88 euros/MWh.
– From 04 to 05 hours: 429.89 euros/MWh.
– From 05 to 06 hours: 449.6 euros/MWh.
– From 06 to 07 hours: 550 euros/MWh.
– From 07 to 08 hours: 600 euros/MWh.
– From 08 to 09 hours: 645 euros/MWh.
– From 9 a.m. to 10 a.m.: 601 euros/MWh.
– From 10 a.m. to 11 a.m.: 582 euros/MWh.
– From 11 a.m. to 12 p.m.: 548.09 euros/MWh.
– From 12 to 13 hours: 515.4 euros/MWh.
– From 13 to 14 hours: 460 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 449.9 euros/MWh.
– From 15 to 16 hours: 449.6 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 514.31 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 603.08 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 651 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 700 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 654.91 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 651 euros/MWh.
– From 10 p.m. to 11 p.m.: 650 euros/MWh.
– From 23 to 24 hours: 600 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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