you still have time to use the cheapest time

He electricity price today November 1st decreases by 11% to 81.61 euros per megawatt hour (MWh) on average and pleases customers whose agreement associated with adjustable rate. This doesn’t mean we should forget about price by time intervals. It’s in those time intervals where we can more or less save on a holiday like All Saints’ Day. About this cheapest hour The day has not yet come and only in the afternoon we will find the most expensive site, with a capacity exceeding 120 euros MWh.

This will be the most expensive time of day so, as much as possible, you should try to avoid using appliances that use the most energy and whose use can be delayed e.g. washing machine.

Electricity price on November 1 per hour (OMIE)

This Friday, November 1st, the price of electricity increased by 11.44% compared to this Thursday to an average of 81.61 €/MWh. He maximum price This will be carried out from 18:00 to 19:00 and will cost 125 euros/MWh. He minimum priceOn the other hand, according to the Iberian Energy Market Operator (OMIE), the price will be 47 euros/MWh and will occur between 11:00 and 12:00.

How is an electricity bill calculated?

But besides these prices Please note that invoices from affected consumers regulated market or Voluntary Small Consumer Price (PVPC) They consist of an energy term that is consumed and changes every hour. This is why light is never “free”.

This, in turn, is formed due to pool price, charges and other services necessary for the proper functioning of the electrical system. In addition, revenues include other concepts such as contract capacity, taxes (eg VAT) and equipment rental.

He final cost This is what you will need to take into account to try to save money and choose the cheapest time slots to use the appliances that consume the most, such as the washing machine, air conditioner or dishwasher.

Thus, price of light What is consumed (energy term) in a regulated tariff depends on several factors, so it can never be free, even if the price on the wholesale market is zero euros per hour.

From January 1, 2024 new PVPC calculation structure to index it to the prices of forward markets and reduce its volatility, which affects the calculation of the energy intensity of the regulated tariff. This hourly price curve is the result of adding up the cost of energy production (the “pool”), transportation and distribution charges, and fees corresponding to the energy consumed.

For my part, production cost It consists of an hourly price derived from daily energy market data published by the Operator of the Iberian Electricity Market (OMIE). In addition, these prices also take into account the cost of customization services managed by Red Eléctrica as system operator, in addition to other concepts included in the current regulations.

He PVCTariff 2.0 TD, effective from 1 June 2021, replaces the three that existed before 31 May 2021 with a single one, which has time discrimination in three periods for the application of tolls and regulatory fees. The most expensive (rush hour) will be in the morning from 10:00 to 14:00 and in the evening from 18:00 to 22:00.

Average price (fixed hour) today from 8:00 to 10:00, during the day from 14:00 to 18:00 and at night from 22:00 to midnight. Cheapest (off-peak times) – from 0 to 8. All these times apply to the Peninsula, Balearic and Canary Islands. In Ceuta and Melilla, periods start and end an hour later, except for a fixed period between 23 and 24 hours.

These periods apply to energy and power in the electricity bills of those consumers covered by PVPC – contracted power up to 10 kW – throughout the country.

Three appliances that are increasing your energy bills

When we are buying new equipmentIt is important to consider three fundamental aspects: their energy efficiency, using them correctly (some even have saving modes) and ensuring that their consumption adapts to our electricity bill. However, there are some devices that tend to consume more power than others.

A dishwasher, although not found in all homes, is one of those appliances that requires the highest energy consumption. According to OCU calculations, it can consume up to 246 kWh per year, which is approximately 7% of total energy consumption and leads to an additional 74 euros on the annual electricity bill. The same thing happens with a washing machine, which can consume up to 255 kWh per year, that is, about 77 euros in addition to the annual bill. Finally, and logically, a refrigerator whose average consumption is 662 kWh per year, which means an increase in the annual rate of approximately 199 euros in the case of PVPC.