In 2022, energy bills have skyrocketed. historical records, exceeding 500 euros per MWh. In recent years, energy prices have increased significantly and have become one of the main problems for Spanish homes. Despite this, That the indicator stabilized in 2023.
He Operator of the Iberian Energy Market (OMIE) is responsible for providing data on electricity prices. The average price on February 18 will be 47.07 EUR/MWh.
Timezone cheaper in which it is advisable to use devices that consume the most energy. between 15 and 16 hours, with price 30.18 EUR/MWh.
Time more expensive, and in which the use of electricity should be avoided will from 8 to 9 pm, when the invoice price rises to 64.71 EUR/MWh.
The main reasons for fluctuations are cost of fossil fuels such as gas and oil or periods of high demand, for example, during morning and afternoon rush hours. During peak hours, electricity suppliers have to buy energy on the market at higher prices, while those with less demand can use more efficient energy sources.
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