Electricity price on Monday | The price of electricity will change this Monday according to a new tariff: the cheapest hours to turn on household appliances

The average cost of electricity this Monday, February 19, breaks the trend of recent days and rises again, increasing the price consumers will have to pay to turn on their appliances. Although the figures of the last days, with a maximum peak below 72.26 euros per MWh, represent a significant decrease compared to the values ​​​​recorded last week, they are still far from the prices of a year ago, when it was not surprising that the electricity bill exceeded 100 euros.

In this context, the year will bring significant budgetary changes in the electricity sector, including a change to the VAT introduced by the government in 2024, which is now 10% instead of the previous 5%. For this reason, many users choose to check time slots with lower rates to save a few cents at the end of the month.

By time intervals

By time intervals, Maximum price72.26 euros per MWh will occur from 8 to 9 pm, and minimum price It will be registered between 14:00 and 15:00, when the cost will be 30 euros per MWh, according to the Iberian Energy Market Operator (OMIE).

It is important to remember that 2024 will bring significant developments in the area of ​​electricity tariffs. On January 1, a new formula for calculating the regulated electricity tariff, known as the Small Voluntary Price (PVPC), came into effect, covering about 8.5 million customers, about a third of all households.

Unlike the previous calculation method established by the Electrical Sector Law 24/2013 and regulated by Royal Decree 216/2014, where the final price was entirely linked to the daily wholesale market, the new formula will partially take into account price signals for long-term forecasts. . 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.