What time is the cheapest today, Monday 11 November?
Consumers will have to be vigilant this Monday, November 11th. There are times when using a washing machine, ironing or using an oven will make more sense. Knowing which ones are the cheapest will allow you to concentrate your spending and save on bills at the end of the month. According to operator OMIE, the average price for the whole day on the wholesale market will be 77.91 euros per megawatt hour (MWh). Again, there will be big differences hour by hour.
Wholesale market indicators are reflected in the consumer receipt. The most expensive time will come from 18:00 to 19:00, when the invoice price rises to 0.23457 euros per kilowatt-hour (kWh), according to Red Eléctrica. The cheapest hour, on the contrary, will be recorded from 14:00 to 15:00, when a kilowatt-hour will cost 0.05823 euros.
According to Red Eléctrica, this is the hourly cost of electricity for this Monday at the regulated tariff (PVPC, 2.0 TD toll). These figures already include daily and intraday wholesale market costs, adjustment services, financing, variable marketing costs, duties and fees. It may also have other concepts such as capacity payments, surpluses or deficits in renewable energy auctions, and continuity service costs.
Invoice cost
Price per hour of electricity
00h
0.17226 euro/kWh
01h
0.16767 euro/kWh
02h
0.16737 euro/kWh
03h
0.15468 euro/kWh
04h
0.14968 euro/kWh
05h
0.14704 euro/kWh
06h
0.14117 euro/kWh
07h
0.15546 euro/kWh
08h
0.18569 euro/kWh
09h
0.15020 euro/kWh
10 am
0.16066 euro/kWh
11 am
0.15342 euro/kWh
12 o’clock
0.13982 euro/kWh
13:00
0.11809 euro/kWh
14:00
0.05844 euro/kWh
15:00
0.05823 EUR/kWh
16:00
0.13333 EUR/kWh
17:00
0.18243 euro/kWh
18 o’clock
0.23399 EUR/kWh
19:00
0.23457 euro/kWh
8 pm
0.22650 euro/kWh
21:00
0.21417 euro/kWh
22:00
0.15870 euro/kWh
23:00
0.14771 euro/kWh
Why does the price of electricity differ in each time interval?
Regulated bill prices are dynamic and indexed to the wholesale electricity market. Since energy demand per hour is a factor that determines the price of electricity in each time interval, the cost of electricity per hour is constantly changing. Thus, when demand increases during periods of cold (for heating) or warm (for example, for air conditioning), prices rise. Additionally, you must consider that costs such as setup services, marketing, tolls, capacity charges or interruption costs, among others, may change hourly.