Categories: Business

when it’s cheaper and more expensive

He The average electricity price tomorrow, Sunday 20 October 2024, will be €44.66 per megawatt hour (MWh).This is evidenced by data published by the Iberian Energy Market Operator (OMIE). This represents a reduction of 8.31% (€4.05) when compared with the electricity tariff recorded this Saturday, which was €48.71/MWh.

Compared to the same day last year, the price is 93% higher (€21.54), since on October 20, 2023 the average price was €23.12/MWh. However, we must remember that in that week, a year ago, the price of electricity did not fall below 100 euros/MWh, which actually happened this week, so we can say that the tariff is now cheaper.

When will electricity become cheaper tomorrow, Sunday?

The cheapest electricity hours will be from 13:00 to 15:00.when will it be paid -0.01 EUR/MWh. So negative clocks are making a comeback as a novelty, although remember that doesn’t mean electricity is free. The cheapest times will be during the central hours of the day (10:00 to 17:00) with an average price of 1.88 euros.

When is electricity most expensive?

In contrast, the maximum price for electricity will be at night from 21:00 to 22:00 at a price of 125.89 euros. After that, the next most expensive hour will be from 20:00 to 21:00 at a price of 125.01 euros. You will have to be careful as the difference between the most expensive and cheapest hour is 125 euros.

Hourly electricity price tomorrow, October 20

Although electricity is at its lowest in October, it is still necessary to check the price of electricity hour by hour. In this way, consumption can be concentrated and the use of appliances that consume the most can be optimized. For all these reasons, it will be very important to adjust your electricity use across 24 time zones. Then in the following chart you can see the price hourly throughout the day: