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PRICE OF LIGHT TODAY | Electricity price on Tuesday, January 16: take advantage of the cheapest hour

He average price of electricity For regulated tariff customers connected to the wholesale market, the price on Tuesday, January 16 will increase compared to the price on Monday, January 15, reaching €90.12 per megawatt hour (MWh). Maximum price, 127 EUR/MWh was recorded this morning between 8:00 and 9:00.and the minimum price of 60.00 euros/MWh will be reached between 23:00 and 12:00, according to preliminary data from the Iberian Energy Market Operator (OMIE).

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, regulated tariff consumers (PVPC) or those who, despite being on the free market, have an indexed tariff, but which again amounts to 0 €/MWh. , a situation that has been repeated since February 27 last 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: 86.59 EUR/MWh.
From 01.00 to 02.00: 83.33 EUR/MWh.
From 02:00 to 03:00: 80.94 EUR/MWh.
From 03:00 to 04:00: 78.65 EUR/MWh.
From 04:00 to 05:00: 78.35 EUR/MWh.
From 05:00 to 06:00: 80.37 EUR/MWh.
From 06.00 to 07.00: 89.00 EUR/MWh.
From 07.00 to 08.00: 101.00 EUR/MWh.
From 08.00 to 09.00: 127.07 EUR/MWh.
From 09:00 to 10:00: 120.18 EUR/MWh.
From 10.00 to 11.00: 99.28 EUR/MWh.
From 11:00 to 12:00: 91.69 EUR/MWh.
From 12.00 to 13.00: 93.00 EUR/MWh.
From 13:00 to 14:00: 89.42 EUR/MWh.
From 14:00 to 15:00: 90.00 EUR/MWh.
From 15:00 to 16:00: 88.00 EUR/MWh.
From 16:00 to 17:00: 84.88 EUR/MWh.
From 17:00 to 18:00: 88.00 EUR/MWh.
From 18:00 to 19:00: 89.02 EUR/MWh.
From 19:00 to 20:00: 99.49 EUR/MWh.
From 20:00 to 21:00: 99.78 EUR/MWh.
From 21:00 to 22:00: 88.75 EUR/MWh.
from 22:00 to 23:00: 75.99 EUR/MWh.
From 23.00 to 24.00: 60.00 EUR/MWh.

Off-peak and peak hours

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.

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