the cheapest hours for operating a washing machine

The price of electricity remains at a minimum level. Today, Monday, March 4, 2024, the cost of electricity on the wholesale market (“pool”) again provides respite, so the consumer on a regulated tariff needs to know the retail price of electricity in each of the time periods of the day so that 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 you will also save on your energy bills at the end of the month.

The price of electricity today will remain the same

The price of electricity today increases slightly to 7.95 euros per megawatt hour (MWh), according to the Iberian Energy Market Operator (OMIE), representing an increase of 109.76% compared to the previous day (3. 79 EUR/MWh).

The cost of electricity on the wholesale market is transferred to the consumer’s account daily. It also takes into account the costs of adjustment services, marketing, financing, duties and fees such as auction interruptions or shortages, among others. Thus, according to Red Eléctrica, the average price of electricity today is 0.085 euros/kWh, compared to 0.048 euros per kilowatt-hour the day before.

Today’s electricity price and cheap watches

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, Monday, March 4, the most pocket-friendly electricity rates will be early morning and early afternoon.

Specifically, the hour with the lowest electricity price will be from 06:00 to 07:00 at a price of 0.051 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:

On the other hand, the least appropriate time to turn on the washing machine, oven or dryer is in the evening. Although yes, from 20:00 to 21:00, when the price is per kWh. will rise to 0.141 euros. However, there are other peak hours today, March 4, during which consumers should avoid turning on appliances if they want to reduce their energy bills:

Electricity price, per hour