Electricity bills have risen sharply in 2022, registering historical records, exceeding 500 euros per MWh. In recent years, energy prices have increased significantly and have become one of the main problems for 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 May 15 will be 14.25 EUR/MWh.
Timezone cheaper in which it is advisable to use devices that consume the most energy will be from 12 to 18 o’clock, when the light will be free
Time more expensive, and in which the use of electricity should be avoided will from 22:00 to 23:00, when the invoice price rises to 51.29 EUR/MWh.
The main reasons for fluctuations are cost of fossil fuels such as gas and oil or periods of high demand, for example, during morning and afternoon rush 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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