What time is the cheapest today, Sunday, November 17?

Consumers will have to be vigilant this Sunday, November 17th. 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 114.02 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 21:00 to 22:00, when the invoice price rises to 0.19474 euros per kilowatt-hour (kWh), according to Red Eléctrica. The cheapest hour, on the contrary, will be recorded from 13:00 to 14:00, when a kilowatt-hour will cost 0.11933 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

0.17769 EUR/kWh

01h

0.16912 euro/kWh

02h

0.16343 euro/kWh

03h

0.16429 euro/kWh

04h

0.15645 euro/kWh

05h

0.15933 EUR/kWh

06h

0.15144 euro/kWh

07h

0.16055 euro/kWh

08h

0.15970 euro/kWh

09h

0.13926 euro/kWh

10 am

0.12363 euro/kWh

11 am

0.12326 euro/kWh

12 o’clock

0.12538 euro/kWh

13:00

0.11933 EUR/kWh

14:00

0.12467 euro/kWh

15:00

0.13351 euro/kWh

16:00

0.14893 EUR/kWh

17:00

0.18054 euro/kWh

18 o’clock

0.17932 euro/kWh

19:00

0.18451 euro/kWh

8 pm

0.18982 euro/kWh

21:00

0.19474 euro/kWh

22:00

0.18320 euro/kWh

23:00

0.17927 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, please take into account that costs such as setup services, marketing, tolls, capacity charges or interruption costs, among others, may change hourly.