when is it cheapest and most expensive per day

AdminFebruary 5, 2024

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when is it cheapest and most expensive per day

02/05/2024 at 09:24

CET

Electricity bills have risen sharply in recent years, registering historical records, exceeding 500 euros per MWh. Although this figure has stabilized in 2023, it is true that price increases are noticeable in every consumer’s home.

He Operator of the Iberian Energy Market (OMIE) is responsible for providing data on electricity prices. Today’s average price is €80.92/MWh.

When it’s cheaper and more expensive

IN cheapest time slot This is where it is recommended to use the equipment that consumes the most energy. These graphs go from 13:00 to 14:00 at a price of 50 euros/MWh.

We find the most expensive time to be between 8 and 9 pm.When The invoice price will increase to 181.26 euros MWh.

Electricity price per hour today February 5

From 00 to 01: 71.65 EUR/MWh.
From 01 to 02: 73.0 EUR/MWh.
From 2 to 03: 69.1 EUR/MWh.
From 03 to 04: 67.87 EUR/MWh.
From 04 to 05: 67.87 EUR/MWh.
From 05 to 06: 69.78 EUR/MWh.
From 6 to 07: 73.22 EUR/MWh.
From 7 to 08: 83.15 EUR/MWh.
From 8 to 09: 98.59 EUR/MWh.
From 9 to 10: 87.36 EUR/MWh.
From 10 to 11: 76.68 EUR/MWh.
From 11 to 12: 69.74 EUR/MWh.
From 12 to 13: 60.0 EUR/MWh.
From 13 to 14: 50.0 EUR/MWh.
From 14 to 15: 51.0 EUR/MWh.
From 15 to 16: 59.71 EUR/MWh.
From 16 to 17: 68.8 EUR/MWh.
From 17 to 18: 76.44 EUR/MWh.
From 18 to 19: 89.13 EUR/MWh.
From 19 to 20: 129.47 euros/MWh.
From 20 to 21: 181.26 euros/MWh.
From 21 to 22: 111.36 euros/MWh.
From 22 to 23: 81.06 EUR/MWh.
From 23 to 24: 75.75 euros/MWh.

Why does the price of electricity change throughout the day?

Fossil fuel cost fluctuations for example, gas or oil, as well as periods of high demandsuch as morning and afternoon schedules are the main reasons for this.

During peak use hours energy is purchased on the market at higher pricesand in those where the demand is less they can be used more efficient energy sources.

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