What time is the cheapest today, Monday, October 28?

Consumers will have to be vigilant this Monday, October 28th. 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 the operator OMIE, the average price for the whole day on the wholesale market will be 76.04 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 0.27562 euros per kilowatt-hour (kWh), according to Red Eléctrica. The cheapest hour, on the contrary, will be recorded from 03:00 to 04:00, when a kilowatt hour will be paid at 0.09678 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

0.10965 euro/kWh

01h

0.10087 euro/kWh

02h

0.10110 euro/kWh

03h

0.09678 euro/kWh

04h

0.09739 EUR/kWh

05h

0.10134 euro/kWh

06h

0.11571 euro/kWh

07h

0.12842 euro/kWh

08h

0.16960 euro/kWh

09h

0.13082 euro/kWh

10 am

0.17170 euro/kWh

11 am

0.16178 euro/kWh

12 o’clock

0.15883 euro/kWh

13:00

0.16043 euro/kWh

14:00

0.11264 euro/kWh

15:00

0.11557 euro/kWh

16:00

0.15518 euro/kWh

17:00

0.18714 euro/kWh

18 o’clock

0.27562 euro/kWh

19:00

0.25474 euro/kWh

8 pm

0.23204 euro/kWh

21:00

0.22654 euro/kWh

22:00

0.16602 euro/kWh

23:00

0.14977 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, it must be taken into account that costs such as setup services, marketing, tolls, capacity charges or interruption costs, among others, may change hourly.