What time is the cheapest today, Saturday 9 November?

Consumers will have to be vigilant this Saturday, November 9th. 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. The average price for the whole day on the wholesale market will be 110.46 euros per megawatt-hour (MWh), according to the operator OMIE. 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 17:00 to 18:00, when the invoice price rises to 0.17735 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 0.12623 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

0.15506 euro/kWh

01h

0.15776 euro/kWh

02h

0.14947 euro/kWh

03h

0.14941 euro/kWh

04h

0.14954 euro/kWh

05h

0.15078 euro/kWh

06h

0.15206 euro/kWh

07h

0.14954 euro/kWh

08h

0.16595 euro/kWh

09h

0.15931 euro/kWh

10 am

0.14858 euro/kWh

11 am

0.14007 euro/kWh

12 o’clock

0.13344 euro/kWh

13:00

0.12923 EUR/kWh

14:00

0.12623 euro/kWh

15:00

0.12849 euro/kWh

16:00

0.15602 euro/kWh

17:00

0.17735 euro/kWh

18 o’clock

0.17182 euro/kWh

19:00

0.17536 euro/kWh

8 pm

0.16759 euro/kWh

21:00

0.15769 EUR/kWh

22:00

0.15151 euro/kWh

23:00

0.14851 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, as 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.