What time is the cheapest today, Sunday, October 20?
Consumers will have to be vigilant this Sunday, October 20th. 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 44.66 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 come from 21:00 to 22:00, when the billed price rises to €0.17947 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 0.03483 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
0.11524 euro/kWh
01h
0.09833 EUR/kWh
02h
0.08952 euro/kWh
03h
0.09457 euro/kWh
04h
0.09919 EUR/kWh
05h
0.10635 euro/kWh
06h
0.11507 euro/kWh
07h
0.11197 euro/kWh
08h
0.11557 euro/kWh
09h
0.11697 euro/kWh
10 am
0.06276 euro/kWh
11 am
0.04344 euro/kWh
12 o’clock
0.03495 euro/kWh
13:00
0.03483 euro/kWh
14:00
0.03552 euro/kWh
15:00
0.03610 euro/kWh
16:00
0.03977 euro/kWh
17:00
0.06498 euro/kWh
18 o’clock
0.13165 euro/kWh
19:00
0.15700 euro/kWh
8 pm
0.17759 euro/kWh
21:00
0.17947 euro/kWh
22:00
0.14957 euro/kWh
23:00
0.14902 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.