What time is the cheapest today, Wednesday 20 November?
Consumers will have to be vigilant this Wednesday, November 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 the operator OMIE, the average price for the whole day on the wholesale market will be 95.79 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 18:00 to 19:00, when the invoice price rises to 0.26465 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 0.08323 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
0.15064 euro/kWh
01h
0.13661 euro/kWh
02h
0.13796 euro/kWh
03h
0.13309 euro/kWh
04h
0.12746 euro/kWh
05h
0.13482 euro/kWh
06h
0.15099 EUR/kWh
07h
0.17362 euro/kWh
08h
0.20569 EUR/kWh
09h
0.18148 euro/kWh
10 am
0.20343 euro/kWh
11 am
0.17462 euro/kWh
12 o’clock
0.15754 euro/kWh
13:00
0.15738 euro/kWh
14:00
0.08323 euro/kWh
15:00
0.11168 euro/kWh
16:00
0.15954 euro/kWh
17:00
0.19958 euro/kWh
18 o’clock
0.26465 euro/kWh
19:00
0.26271 euro/kWh
8 pm
0.25517 euro/kWh
21:00
0.24514 euro/kWh
22:00
0.18610 euro/kWh
23:00
0.17199 EUR/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 take into account that costs such as setup services, marketing, tolls, capacity charges or interruption costs, among others, may change hourly.