when it will be cheaper and more expensive

He the price of electricity will rise today. This Monday, July 8, as a stifling heat wave hit much of Spain, two million consumers with regulated tariffs They will look for the most expensive and cheapest hours of the day. to try to soften the sharp rise in the day after a weekend with lower prices. In this case, the average is 73.19 euros MWh. This is the price by time slots, to avoid, if possible, using the most consuming appliances in the most expensive ones, trying to save on the monthly electricity bill.

Users will love this Sunday a few hours at 0 euro per megawatt hour in the price of the “pool”. This makes the central hours of the day the best time to use those appliances that are used most often, such as air conditioning for soften high temperatures. Of course, it costs zero euros or a negative result. This is not the final price the user pays.because you have to add PVPC, but it always helps that one of the parts that affects the price of electricity the most when it comes to cost formation is “free”.

Electricity price today 8th July by the hour (pool)

He price of light Today Monday, July 8 Compared to this Sunday, it will increase by 110.86%, reaching an average of 73.19 euros MWh. Maximum price It will reach 115.15 euro MW and will be registered from 21:00 to 22:00. It minimum price According to the Iberian Operator of the Energy Market (OMIE), the price of electricity will be 31.98 euros/MW and will occur from 14:00 to 15:00.

How is the electricity bill calculated?

But in addition to these prices, it is necessary to take into account that bills consumers covered by the regulated market or Voluntary pricing for small consumers (PVPC) They consist of an energy term that is consumed and changed every hour.

This in turn consists of the “bundled” price, road charges and other services required for the proper functioning of the electrical system. In addition, revenues include other concepts such as contracted capacity, taxes (e.g. VAT) and equipment rental.

He final cost This is what you will need to take into account in order to try to save money and choose the cheapest time intervals for using the appliances that consume the most, such as the washing machine, air conditioner or dishwasher.

Thus, the price of consumed electricity (energy term) in a regulated tariff depends on several factors, so it can never be free, even if the price on the wholesale market is zero euros per hour.

Final price of electricity bill today (PVPC)

Here’s how PVPC electricity prices are calculated.

A new one will be in effect from January 1, 2024 PVPC calculation structure to index it to forward market prices and reduce its volatility, which affects the calculation of energy resources of the regulated tariff. This hourly price curve This is the result of adding together the cost of energy production (the “pool”), the fees for transportation and distribution, and the charges corresponding to the energy consumed.

In turn, the production cost is made up of the hourly price obtained on the daily electricity market, published by the Iberian Electricity Market Operator (OMIE). In addition, these prices also take into account the cost of the set-up services managed by Red Eléctrica as system operator, in addition to other concepts included in the current regulations.

The PVPC with a rate of 2.0 TD, effective from 1 June 2021, replaced the three that existed until 31 May 2021 with a single one that has time discrimination in three periods for the application of road charges and regulatory charges. The most expensive (rush hour) will be in the morning from 10:00 to 14:00 and in the evening from 18:00 to 22:00.

He half price (normal times) morning from 8:00 to 10:00, afternoon from 14:00 to 18:00 and night from 22:00 to midnight. The cheapest (off-peak) period is from 0 to 8. All these times will apply to the Peninsula, the Balearic Islands and the Canary Islands. In Ceuta and Melilla, the periods start and end an hour later, with the exception of a fixed period between 23 and 24 hours.

These periods apply in energy term and in the electricity bill of those consumers covered by PVPC – contracted capacity up to 10 kW – throughout the country.

Three Appliances That Are Driving Up Your Energy Bills

When we buy new equipmentit is important to consider three fundamental aspects: their energy efficiency, using them correctly (some even have energy-saving modes) and ensuring that their consumption adapts to our electricity bill. However, there are some devices that tend to consume more electricity than others.

He DishwasherAlthough not present in all homes, this appliance is one of those that consume the most electricity. According to OCU calculations, it can consume up to 246 kWh per year, which is approximately 7% of total energy consumption and results in an additional 74 euros on the annual electricity bill. The same is true for washing machinewhich can consume up to 255 kWh per year, which is about 77 euros more on the annual bill. Finally, logically, the refrigerator, whose average consumption is 662 kWh per year, which means an increase in the annual rate of about 199 euros in the case of PVPC.