What time is the cheapest today, Tuesday 26 November?
Consumers will have to be vigilant on Tuesday, November 26th. 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 143.25 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 18:00 to 19:00, when the invoice price rises to 0.26839 euros per kilowatt-hour (kWh), according to Red Eléctrica. The cheapest hour, on the contrary, will be recorded between 3:00 and 4:00, when a kilowatt-hour will be paid at 0.16284 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
0.17175 euro/kWh
01h
0.16997 euro/kWh
02h
0.16602 euro/kWh
03h
0.16284 euro/kWh
04h
0.16620 euro/kWh
05h
0.17199 EUR/kWh
06h
0.17498 euro/kWh
07h
0.17863 euro/kWh
08h
0.21328 euro/kWh
09h
0.20027 euro/kWh
10 am
0.24393 EUR/kWh
11 am
0.24041 euro/kWh
12 o’clock
0.23774 euro/kWh
13:00
0.23685 euro/kWh
14:00
0.18799 EUR/kWh
15:00
0.19245 euro/kWh
16:00
0.19319 EUR/kWh
17:00
0.20306 euro/kWh
18 o’clock
0.26839 EUR/kWh
19:00
0.26284 euro/kWh
8 pm
0.26119 euro/kWh
21:00
0.25767 euro/kWh
22:00
0.20056 euro/kWh
23:00
0.19668 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.