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.