Electricity bills have risen sharply in 2022, registering historical records, exceeding 500 euros per MWh. In recent years, electricity prices have risen significantly and have become one of the main problems in Spanish homes. Despite this, That The indicator stabilized in 2023.
He Operator of the Iberian Energy Market (OMIE) is responsible for providing data on electricity prices. The average price on August 26 will be 94.19 EUR/MWh.
Time interval cheaper in which it is advisable to use devices that consume the most energy, will be from 11:00 to 12:00, when will the electricity be paid at a price of 63.37 euros/MWh.
Time more expensive, and in which the use of electricity should be avoided, will be from 9 am to 10 pm, when the price in the invoice rises to 160 EUR/MWh.
The main reasons for the fluctuations are cost of fossil fuels such as gas and oil or periods of high demand, for example, during morning and afternoon peak hours. During peak hours, electricity suppliers have to buy energy on the market at higher prices, while those with less demand can use more efficient energy sources.
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