Electricity price TOMORROW Saturday, January 27: cheapest hours

In recent months, electricity prices have reached exorbitant levels, significantly impacting household bills. This situation has forced many people to reconsider their daily routine and energy consumption habits.

A strategy for mitigating the impact on your energy bills is to pay attention to the times of day when it is most economical to perform activities such as turning on the washing machine, dishwasher, turning on the oven, or ironing clothes. Tailoring these tasks to times when energy costs are lowest can result in significant savings on your energy bills.

According to preliminary data from the Iberian Energy Market Operator (OMIE), the average electricity price for consumers of regulated tariffs linked to the wholesale market will decrease this Saturday by 8.94% compared to this Friday, to 66.07 euros/MWh.

By time intervals

He Maximum price will happen between 18:00 and 19:00., from 95.97 euro/MWh; Meanwhile he minimumof 47 euros per megawatt-hour, will occur between 12:00 and 13:00. And 15:00 and 16:00.This is evidenced by preliminary data from the Iberian Energy Market Operator (OMIE).

It is worth remembering that 2024 is full of new developments in the field of electricity tariffs. On January 1, a new formula for calculating the regulated electricity tariff, the so-called “Voluntary Price for Small Consumers” (PVPC), came into force, which covers about 8.5 million consumers, that is, about a third of all domestic consumers.

Unlike the calculation methodology used so far, introduced by the Electrical Sector Law 24/2013 and regulated by Royal Decree 216/2014, where the final price was fully indexed to the daily wholesale market, the new formula will partly include long-term forward price signals. To this end, since July 1 last year, reference marketers have been pre-purchasing part of the energy that the PVPC tariff will consume in 2024.

To reduce your consumption and lower your energy bills, you can follow these tips:

Appliances

To reduce the consumption of household appliances, it is advisable to:

– Turn off electrical appliances when you are away from home for a long period (vacation). Especially the fridge freezer which consumes up to 30% of the total consumption of the house.

– Don’t leave them on standby as they continue to spend even when they are not consuming.

– Try to use a sundial to dry your clothes.

Hot water

It is always recommended:

– Use hot water wisely. It is advisable to ensure that the tap is never left open more than necessary.

– Overall water temperature between 30°C and 35°C It may be enough.

Lightning

It is advisable:

– Gradually replace incandescent and halogen lamps with LED lamps, as they consume ten times less energy than incandescent lamps and have a service life ten times longer, saving up to 85% of energy.

– Make the most of natural light by turning off lights in naturally lit areas and anywhere there are open spaces or glass walls that encourage passive viewing.