The month of April has arrived, but the price of electricity continues to skyrocket. It is a direct consequence of the high gas prices derived from Russia’s war in Ukraine, an essential raw material to produce light in combined cycle plants, which produce the most expensive electricity. All of this has meant that in the face of domestic consumption, it is vital to know when it is more profitable to use certain electrical 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, April 4, is 251.87 euros/mWh.
This price will be transferred at the end of the month to the bill of households that have contracted a regulated electricity bill (also called PVPC). For their part, those who have a fixed-price bill will not be affected by daily rises or falls in the price of electricity and will pay as agreed in the contract.
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, which leads to the period between 02:00 and 03:00 being the more ‘cheap’ with a price of 172.65 euros/MWh.
At what time is electricity more expensive?
On the contrary, the maximum peak will be found this Monday towards the end of the day, the section between 9:00 p.m. and 10:00 p.m. (298.06 euros/MWh).
How much will it cost each hour?
– From 00 to 01 hours: 290 euros/MWh.
– From 00 to 01 hours: 194.44 euros/MWh.
– From 01 to 02 hours: 180 euros/MWh.
– From 02 to 03 hours: 172.65 euros/MWh.
– From 03 to 04 hours: 172.7 euros/MWh.
– From 04 to 05 hours: 183 euros/MWh.
– From 05 to 06 hours: 193.37 euros/MWh.
– From 06 to 07 hours: 265.42 euros/MWh.
– From 07 to 08 hours: 282.92 euros/MWh.
– From 8 a.m. to 9 a.m.: 286.28 euros/MWh.
– From 9 a.m. to 10 a.m.: 279.66 euros/MWh.
– From 10 a.m. to 11 a.m.: 266.7 euros/MWh.
– From 11 a.m. to 12 noon: 236 euros/MWh.
– From 12 to 13 hours: 264.08 euros/MWh.
– From 13 to 14 hours: 266.7 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 268 euros/MWh.
– From 15 to 16 hours: 269.38 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 267.81 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 276.98 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 280 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 284.61 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 294.54 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 298.36 euros/MWh.
– From 10 p.m. to 11 p.m.: 286.97 euros/MWh.
– From 23 to 24 hours: 274.75 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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