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.