Save on energy today, Thursday, April 18, 2024: Cheapest hours to turn on your washing machine

The price of electricity is increasing. Today, Thursday, April 18, 2024, the cost of electricity on the wholesale market (“pool”) is decreasing again. Added to this is that the Electricity Energy Tax (IEE) and the Electricity Production Tax (IVPEE) have been increased, so the consumer receiving a regulated tariff must know in detail the price of electricity at each of the time slots of the day. , so you can run your home appliances at the cheapest hours. This will help you reduce your energy consumption when using your washing machine, oven or dishwasher and save on your energy bills at the end of the month.

Electricity price from the wholesale market to the consumer

The price of electricity today rose to 4.54 euros per megawatt hour (MWh), according to the Iberian Energy Market Operator (OMIE), representing an increase of 39.29% compared to the previous day (3.26 euros/ MWh).

The cost of electricity on the wholesale market is transferred to the consumer’s account daily. It also takes into account, among other things, the costs of adjustment services, marketing, financing, duties and fees such as interruption or auction deficit. Thus, according to Red Eléctrica, the average price of electricity today is 0.0865 euros/kWh, compared to 0.0864 euros per kilowatt-hour the day before.

Cheapest watches according to electricity tariff

The consumer will receive a cheaper energy bill at the end of the month if they take advantage of the cheapest hours of the day. For this reason, today, Thursday, April 18, the most pocket-friendly electricity rates will be early morning and early afternoon.

Specifically, the time with the lowest electricity price will be from 00:00 to 01:00 with a cost of 0.05244 EUR/kWh. This will be the most recommended time of day for consumers to plug in their appliances so they can save on their energy bills at the end of the month. If you can’t take advantage of the cheapest time of day, this is another good time to lower your energy bills during normal times:

The most expensive hours in the electricity tariff

On the other hand, the least appropriate time to run your washing machine, oven or dryer is in the evening. Although yes, from 21:00 to 22:00, when the price is per kWh. will rise to 0.15267 euros. However, today, April 18, there are other peak hours during which consumers should avoid turning on appliances if they want to reduce their energy bills:

Electricity price, per hour