hours for zero euros to install a washing machine or air conditioner

Today, July 21, the first one continues it’s hot this summerbut more than two million customers connected to the regulated tariff will have good news as the price of electricity will fall by more than 40% regarding this Saturday up to 30.41 euros on average. So, with the weekend approaching, consumers will be able to enjoy a few hours at €0 at the “pool” price. However, experts recommend that consumers look for the most expensive and the cheapest watches day to use the appliances that use the most energy, like a washing machine, and on a day like today, an air conditioner or something similar to combat the high temperatures. That’s the price of an hour of electricity this Sunday.

Electricity price today, July 21, per hour (OMIE)

This Sunday, July 21st, the price of electricity falls by 40.92% compared to this Saturday – up to 30.41 euros MWh. Maximum price This will be carried out from 22:00 to 23:00 and will cost 95.54 euros/MWh. minimum price According to the Iberian Operator of the Energy Market (OMIE), this will amount to -0.25 euros/MWh and will occur between 14:00 and 15:00.

How is the electricity bill calculated?

But besides these Prices It should be taken into account that the invoices of consumers covered by the regulated market or Voluntary price for small consumers (PVPC) They consist of an energy term that is consumed and changed every hour.

This, in turn, is formed due to price of the pool, fees and other services required for the proper functioning of the electrical system. In addition, revenues include other concepts such as contracted capacity, taxes (e.g. VAT) and equipment rental.

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

Thus price of electricity 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.

Final Cost of Electricity Bill Today (PVPC)

Here’s how PVPC electricity prices are calculated.

From January 1, 2024 new PVPC calculation structure to index it to forward market prices and reduce its volatility, which affects the calculation of energy resources 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 charges corresponding to the energy consumed.

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

He PVCin the 2.0 TD tariff, effective from June 1, 2021, the three tariffs that existed before May 31, 2021 have been replaced by a single tariff, which has time discrimination in three periods for the application of road charges and standard charges. 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 times) in the morning from 8:00 to 10:00, afternoon from 14:00 to 18:00 and night from 22:00 to midnight. The cheapest (off-peak) period is from 0 to 8. All these times will apply to the Peninsula, the Balearic Islands and the Canary Islands. In Ceuta and Melilla, the periods start and end an hour later, with the exception of a fixed period between 23 and 24 hours.

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

Three Appliances That Are Driving Up Your Energy Bills

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

The dishwasher, although not an appliance found in every home, is one of those that consume the most electricity. According to OCU calculations, it can consume up to 246 kWh per year, which is about 7% of the total energy consumption and translates into an additional 74 euros on the annual electricity bill. The same is true for the washing machine, which can consume up to 255 kWh per year, or about 77 euros more on the annual bill. Finally, logically, the refrigerator, whose average consumption is 662 kWh per year, which means an increase in the annual rate of about 199 euros in the case of PVPC.