After a difficult end of 2021, in which the main energies increased considerably, the beginning 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 heavy blow it represents for your pocket, has been further encouraged by its cost. For this reason, it is vital to know when it is more profitable to use certain appliances (iron, washing machine, dishwasher, oven…) since their consumption can vary, resulting in significant savings.
As shown by the data from the (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 Friday, February 25, is 240.13 euros/ MWh. Very high figures when compared to the price set a year ago, when the MWh cost 41.37 euros.
At what time is electricity cheaper?
Regarding the daily variation, the cheapest sections are concentrated in the early hours of the day. It is between 4:00 and 5:00 when the price is at its lowest curve to settle at 153.32 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 300 euros/MWh between 7:00 p.m. and 8:00 p.m.
Electricity prices per hour on February 25
– From 00 to 01 hours: 230 euros/MWh.
– From 01 to 02 hours: 193.16 euros/MWh.
– From 02 to 03 hours: 179.7 euros/MWh.
– From 03 to 04 hours: 159.99 euros/MWh.
– From 04 to 05 hours: 153.32 euros/MWh.
– From 05 to 06 hours: 170 euros/MWh.
– From 06 to 07 hours: 203.75 euros/MWh.
– From 07 to 08 hours: 267.18 euros/MWh.
– From 8 a.m. to 9 a.m.: 271.46 euros/MWh.
– From 9 a.m. to 10 a.m.: 270.59 euros/MWh.
– From 10 a.m. to 11 a.m.: 264.02 euros/MWh.
– From 11 a.m. to 12 noon: 246.14 euros/MWh.
– From 12 to 13 hours: 252.21 euros/MWh.
– From 13 to 14 hours: 240.3 euros/MWh.
– From 2:00 p.m. to 3:00 p.m.: 237.5 euros/MWh.
– From 15 to 16 hours: 232.38 euros/MWh.
– From 4:00 p.m. to 5:00 p.m.: 240 euros/MWh.
– From 5:00 p.m. to 6:00 p.m.: 260.68 euros/MWh.
– From 6:00 p.m. to 7:00 p.m.: 277.71 euros/MWh.
– From 7:00 p.m. to 8:00 p.m.: 300 euros/MWh.
– From 8:00 p.m. to 9:00 p.m.: 292.32 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 278.29 euros/MWh.
– From 10 p.m. to 11 p.m.: 273.56 euros/MWh.
– From 23 to 24 hours: 268.99 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 has risen by around 3% in the last few hours, which affects the pockets of consumers on the electricity bill.
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