Price of electricity today February 23 per hour: when it is cheaper and when it is more expensive to put electrical appliances

After a difficult closing of the 2021 academic year, in which the main energies increased considerably, the start of 2022 has not brought better news and thus, gas, gasoline, butane or electricity continue to increase. The latter, being of great concern to , due to the hard blow it represents for his pocket. For this reason, 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, assuming significant savings over the days.

As shown by the data from (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 Tuesday, February 22, is 195.86 euros/ MWh. Very high figures when compared to the price set a year ago, when the MWh cost 45.26 euros.

At what time is electricity cheaper?

Regarding the daily variation, marked by a kWh price, according to data from , the cheapest sections are concentrated in the early hours and at noon. Specifically, the lowest hour is between 04:00 and 05:00 with a price of 0.21971 euros/kWh.

At what time is electricity more expensive?

On the contrary, the most central hours as well as those that mark the afternoon present the highest costs, being between 8:00 p.m. and 9:00 p.m., the moment with a higher price (0.40087 euros/kWh).

Electricity prices per hour on February 21

– From 00 to 01 hours: 0.23122 euros/KWh.

– From 01 to 02 hours: 0.22812 euros/KWh.

– From 02 to 03 hours: 0.22404 euros/KWh.

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– From 03 to 04 hours: 0.22035 euros/KWh.

– From 04 to 05 hours: 0.21971 euros/KWh.

– From 05 to 06 hours: 0.22681 euros/KWh.

– From 06 to 07 hours: 0.26051 euros/KWh.

– From 07 to 08 hours: 0.26743 euros/KWh.

– From 08 to 09 hours: 0.2983 euros/KWh.

– From 9 a.m. to 10 a.m.: 0.29596 euros/KWh.

– From 10 a.m. to 11 a.m.: 0.35331 euros/KWh.

– From 11 a.m. to 12 p.m.: 0.34118 euros/KWh.

– From 12 to 13 hours: 0.32868 euros/KWh.

– From 1:00 p.m. to 2:00 p.m.: 0.32077 euros/KWh.

– From 2 to 3 p.m.: 0.23837 euros/KWh.

– From 3 to 4 p.m.: 0.24221 euros/KWh.

– From 4 to 5 p.m.: 0.25574 euros/KWh.

– From 5 to 6 p.m.: 0.28672 euros/KWh.

– From 6 to 7 p.m.: 0.39923 euros/KWh.

– From 7:00 p.m. to 8:00 p.m.: 0.39401 euros/KWh.

– From 8:00 p.m. to 9:00 p.m.: 0.40087 euros/KWh.

– From 9:00 p.m. to 10:00 p.m.: 0.376688 euros/KWh.

– From 10 to 11 p.m.: 0.29153 euros/KWh.

– From 11 pm to 12 midnight: 0.28717 euros/KWh.

Why does the price of electricity vary so much?

This constant increase in prices, as well as their variation, is due to the increase in the cost of gas in international markets, which is used in combined cycle plants. As these are the most expensive, they are the ones that generally mark the price at most hours.

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