What time is cheapest today, Monday, August 26th?

Consumers will have to be vigilant on August 26. There are times when using the washing machine, ironing or using the oven will make more sense. Knowing which ones are the cheapest will allow you to concentrate your spending and save on your bills at the end of the month. According to operator OMIE, the average price for the entire day on the wholesale market will be 94.19 euros per megawatt hour (MWh). Again, there will be big differences from hour to hour.

The wholesale market figures are reflected in the consumer bill. The most expensive time will be between 8:00 p.m. and 9:00 p.m., when the price on the bill will rise to €1.60 per kilowatt-hour (kWh), according to Red Eléctrica. The cheapest hour, on the other hand, will be between 10:00 a.m. and 11:00 a.m., when the kilowatt-hour will be paid at €0.6337.

According to Red Eléctrica, this is the hourly cost of electricity for this Monday at a regulated tariff (PVPC, toll 2.0 TD). These figures already include the cost of the daily and intraday wholesale market, adjustment services, financing, the cost of variable marketing, duties and fees. It can also have other concepts such as capacity payments, surpluses or deficits in renewable energy auctions and the cost of continuity services.

Invoice price

Price per hour of electricity

00h

0.9714 EUR/kWh

01h

0.8523 EUR/kWh

02h

0.75 EUR/kWh

03h

0.7487 EUR/kWh

04h

0.7487 EUR/kWh

05h

0.755 EUR/kWh

06h

1.05 EUR/kWh

07h

1222 EUR/kWh

08h

1.2001 EUR/kWh

09h

0.8306 EUR/kWh

10am

0.6499 EUR/kWh

11am

0.6337 EUR/kWh

12 hours

0.6499 EUR/kWh

13:00

0.7394 EUR/kWh

14:00

0.7487 EUR/kWh

15:00

0.7407 EUR/kWh

16:00

0.7381 EUR/kWh

17:00

0.8534 EUR/kWh

18 hours

1.1078 EUR/kWh

19:00

1.20 EUR/kWh

8 pm

1.2704 EUR/kWh

21:00

1.60 EUR/kWh

22:00

1.30 EUR/kWh

23:00

1.2454 EUR/kWh

Why does the price of electricity differ in each time interval?

The regulated billing prices are dynamic and indexed to the wholesale electricity market. Since the energy demand per hour is the factor that determines the price of electricity in each time interval, the cost of electricity per hour is constantly changing. Thus, when the demand increases during periods of cold (for heating) or heat (for example, for air conditioners), the prices increase. In addition, it must be taken into account that costs such as setup services, marketing, tolls, capacity charges or interruption costs, among others, may change every hour.