March continues with a high price on the main energies (gas, gasoline, butane, electricity…), despite the drop compared to the last session on Tuesday that left the price on 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 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 472.97 euros/MWh. Very high figures when compared to the price set a year ago, when the MWh cost 57.06 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. They are the second cheapest, highlighting the section between 1:00 p.m. and 2:00 p.m. when the price reaches its lowest figure, reaching 356.74 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 even 605 euros/MWh between 7:00 p.m. and 8:00 p.m.
Electricity prices per hour on March 9
– From 00 to 01 hours: 510.26 euros/MWh.
– From 01 to 02 hours: 450.01 euros/MWh.
– From 02 to 03 hours: 425 euros/MWh.
– From 03 to 04 hours: 420.03 euros/MWh.
– From 04 to 05 hours: 420.03 euros/MWh.
– From 05 to 06 hours: 440 euros/MWh.
– From 06 to 07 hours: 523.76 euros/MWh.
– From 07 to 08 hours: 579.45 euros/MWh.
– From 8 a.m. to 9 a.m.: 554.76 euros/MWh.
– From 9 a.m. to 10 a.m.: 504.54 euros/MWh.
– From 10 a.m. to 11 a.m.: 439.6 euros/MWh.
– From 11 a.m. to 12 p.m.: 398.12 euros/MWh.
– From 12 to 13 hours: 359.71 euros/MWh.
– From 13 to 14 hours: 356.74 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 368.98 euros/MWh.
– From 3 to 4 p.m.: 393.13 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 425.09 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 518.42 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 549.73 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 605 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 560 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 549.73 euros/MWh.
– From 10 p.m. to 11 p.m.: 523.76 euros/MWh.
– From 23 to 24 hours: 475.44 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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