Electricity price TOMORROW, Thursday, January 18th.

The average price of electricity on Thursday, January 18, will rise by 74% compared to the previous day, bringing the cost per megawatt-hour to 46.84 euros, still below the ceiling set a few days ago. but the cheapest hours will be early in the morning. All this in the context of a week in which ups and downs were constant.

This way, the time slots do not lead to waste and force Spanish consumers looking to save on their energy bills to look closely at the most economical time slots. Moreover, if we take into account the series of changes in electricity bills with the beginning of the new year and the increase in VAT from 5 to 10%.

Time Sections

The time slots will record a maximum price of 105.34 EUR/MWh from 20:00 to 21:00 and a minimum price will be recorded at dawn, namely from 3:00 to 4:00 am, when it is paid at 0 .43 EUR/MWh. In addition, according to the Iberian Energy Market Operator (OMIE), from early morning until 7:00 am the cost of energy will not exceed 4 euros.

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 No. 24/2013 and regulated by Royal Decree No. 216/2014, where the final price was fully indexed to the daily wholesale market, the new formula will partially 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 home.

– 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.