After a difficult closing of 2021, in which the main energies were 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 the company, due to the hard blow it entails for its pocket, has raised its price even more. 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.
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 Sunday, February 27, is 256.84 euros/MWh. Very high figures if compared to the price set a year ago, when the MWh cost 14.05 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 3:00 p.m. and 5:00 p.m. when the price reaches its lowest curve to settle at 209.14 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 350 euros/MWh between 8:00 p.m. and 10:00 p.m.
Electricity prices per hour on February 27
– From 00 to 01: 256.07 euros/MWh.
– From 01 to 02 hours: 249.11 euros/MWh.
– From 02 to 03 hours: 225 euros/MWh.
– From 03 to 04 hours: 220.5 euros/MWh.
– From 04 to 05 hours: 225 euros/MWh.
– From 05 to 06 hours: 231.29 euros/MWh.
– From 06 to 07 hours: 250.85 euros/MWh.
– From 07 to 08 hours: 255.2 euros/MWh.
– From 08 to 09 hours: 252.59 euros/MWh.
– From 9 a.m. to 10 a.m.: 254.33 euros/MWh.
– From 10 a.m. to 11 a.m.: 253.46 euros/MWh.
– From 11 a.m. to 12 p.m.: 247.38 euros/MWh.
– From 12 to 1:00 p.m.: 235.01 euros/MWh.
– From 1:00 p.m. to 2:00 p.m.: 247.28 euros/MWh.
– From 2 to 3 p.m.: 247.08 euros/MWh.
– From 3 to 4 p.m.: 209.14 euros/MWh.
– From 4 to 5 p.m.: 209.14 euros/MWh.
– From 5 to 6 p.m.: 229.9 euros/MWh.
– From 6 to 7 p.m.: 275.76 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.: 350 euros/MWh.
– From 9:00 p.m. to 10:00 p.m.: 350 euros/MWh.
– From 10 to 11 p.m.: 310.01 euros/MWh.
– From 11 pm to 12 midnight: 280 euros/MWh.
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.
As a direct consequence of the conflict with a supplier Russia, the price has risen in the last few hours, which affects the pocket of consumers on the electricity bill.
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