LIGHT PRICE TODAY | On Tuesday, January 23, the price of electricity will increase by 13%: find out when is the cheapest time

He average price of electricity for tariff-regulated customers linked to the wholesale market, on Tuesday 23 January it will increase compared to the weekend and first day of the week price, reaching €78.02 per megawatt-hour (MWh). Maximum price 129.01 EUR/MWh, will be recorded from 20:00 to 21:00., while the minimum price of 58.50 euros/MWh was reached between 2:00 and 3:00 am and between 5:00 and 6:00 am, according to preliminary data from the Operator of the Iberian Energy Market (OMIE). . There will also be “reasonably” priced hours, such as from 11:00 to 15:00, for which payment will be made from 66 and 62 euros.

Without applying the “Iberian exception”

Gas company compensation will be added to the average pool price.

which must be paid by consumers who are beneficiaries of this measure, by regulated rate consumers (PVPC) or by those who, despite being on the free market, have an indexed rate, but which again amounts to 0 €/MWh, a situation repeated since February 27 last of the year.

The so-called “Iberian exception” was extended until December 31 following an agreement reached by Spain and Portugal with the European Commission. Thus, it was extended for seven months, until the end of 2023, while it was not excluded that it could be extended for a longer period if the mentioned framework was also increased.

Electricity cost per hour

• From 00:00 to 01:00: 61.10 EUR/MWh.

• From 01.00 to 02.00: 59.00 EUR/MWh.

• From 02:00 to 03:00: 58.50 EUR/MWh.

• From 03:00 to 04:00: 59.87 EUR/MWh.

• From 04:00 to 05:00: 58.50 EUR/MWh.

• From 05:00 to 06:00: 58.50 EUR/MWh.

• From 06.00 to 07.00: 65.55 EUR/MWh.

• From 07.00 to 08.00: 90.10 EUR/MWh.

• From 08.00 to 09.00: 97.50 EUR/MWh.

• From 09:00 to 10:00: 91.86 EUR/MWh.

• From 10.00 to 11.00: 81.00 EUR/MWh.

• From 11:00 to 12:00: 66.65 EUR/MWh.

• From 12.00 to 13.00: 61.91 EUR/MWh.

• From 13:00 to 14:00: 61.03 EUR/MWh.

• From 14:00 to 15:00: 62.01 EUR/MWh.

• From 15:00 to 16:00: 64.00 EUR/MWh.

• From 16:00 to 17:00: 66.62 EUR/MWh.

• From 17.00 to 18.00: 84.00 EUR/MWh.

• From 18:00 to 19:00: 96.98 EUR/MWh.

• From 19:00 to 20:00: 115.00 EUR/MWh.

• From 20:00 to 21:00: 129.01 EUR/MWh.

• From 21:00 to 22:00: 106.76 EUR/MWh.

• From 22.00 to 23.00: 92.50 EUR/MWh.

• From 23.00 to 24.00: 84.51 EUR/MWh.

Off-peak and peak hours

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With the aim of save on energy bills Experts note that it is advisable to adapt consumption to the cheapest hours, so-called “off-peak hours.” The cheapest bands are in sections lasting from 2 to 5 hours and from 10 to 15 hours, when the price does not exceed 30 euros per megawatt hour (MWh).

It is also convenient to try to reduce the cost of electricity, which is used efficiently, turn off the lights if there is no one in the room

put full washing machines, use “eco” modes of household appliances, remove chargers for mobile phones from sockets… On the contrary, Peak hours are from 18:00 to 21:00. when the price does not fall below 104 EUR/MWh.