What time is the cheapest today, Sunday, November 3?

Consumers will have to be vigilant this Sunday, November 3rd. 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 72.57 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 hour will be reached from 18:00 to 19:000.16058, when the invoice price rises to 0.16412 euros per kilowatt-hour (kWh), according to Red Eléctrica. The cheapest hour, on the contrary, will be recorded from 12:00 to 13:00, when a kilowatt hour will be paid at 0.04021 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

0.15597 euro/kWh

01h

0.14995 EUR/kWh

02h

0.14655 euro/kWh

03h

0.14719 EUR/kWh

04h

0.13801 euro/kWh

05h

0.13648 euro/kWh

06h

0.14451 euro/kWh

07h

0.14541 euro/kWh

08h

0.13033 EUR/kWh

09h

0.08469 euro/kWh

10 am

0.06704 euro/kWh

11 am

0.05432 euro/kWh

12 o’clock

0.04021 euro/kWh

13:00

0.05949 euro/kWh

14:00

0.05937 euro/kWh

15:00

0.06794 euro/kWh

16:00

0.11007 euro/kWh

17:00

0.14312 euro/kWh

18 o’clock

0.16412 euro/kWh

19:00

0.16058 euro/kWh

8 pm

0.15660 euro/kWh

21:00

0.14805 euro/kWh

22:00

0.14629 euro/kWh

23:00

0.14781 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.