What time is the cheapest today, Wednesday 6 November?

Consumers will have to be vigilant this Wednesday, November 6th. 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 116.83 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 0.28981 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 0.13600 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

0.15917 euro/kWh

01h

0.15608 euro/kWh

02h

0.16037 euro/kWh

03h

0.15791 euro/kWh

04h

0.15185 euro/kWh

05h

0.15296 euro/kWh

06h

0.15366 euro/kWh

07h

0.15721 euro/kWh

08h

0.18745 euro/kWh

09h

0.17289 euro/kWh

10 am

0.20267 euro/kWh

11 am

0.19437 euro/kWh

12 o’clock

0.18783 euro/kWh

13:00

0.19012 euro/kWh

14:00

0.13600 euro/kWh

15:00

0.14693 euro/kWh

16:00

0.16106 euro/kWh

17:00

0.18276 euro/kWh

18 o’clock

0.28981 euro/kWh

19:00

0.28374 euro/kWh

8 pm

0.24425 euro/kWh

21:00

0.23220 euro/kWh

22:00

0.17582 euro/kWh

23:00

0.17645 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 take into account that costs such as setup services, marketing, tolls, capacity charges or interruption costs, among others, may change hourly.