2023-12-01 16:00:21
Friday, December 1, 2023, 09:01 | Updated 3:00 p.m.
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The price of electricity remains the same. Today, Friday, December 1, the cost of electricity in the wholesale market (‘pool’) gives a respite, hence the consumer receiving a regulated rate has to know the retail price of electricity in each of the time sections of the day, so that you can start the appliances in the home at the cheapest hours. With this, you will be able to reduce electricity consumption with the washing machine, oven or dishwasher, and you will save on your electricity bill at the end of the month.
The price of electricity drops today
The price of electricity today decreases to 97.97 euros per megawatt hour (MWh), according to the Iberian Energy Market Operator (OMIE), which means that the cost decreases minimally, by 0.15%, with compared to the previous day (98.12 euros / MWh.). It so happens that the price of electricity in November registered an average cost of 63.4 euros per megawatt hour, compared to 124 euros in the same month of 2022.
Price of electricity in the wholesale market
Friday, December 1: 97.97 euros / MWh.
Thursday, November 30: 98.12 euros / MWh.
Wednesday, November 29: 85 euros / MWh.
Tuesday, November 28: 108.36 euros / MWh.
Monday, November 27: 107.85 euros / MWh.
The cost of electricity in the wholesale market is transferred daily to the consumer’s bill. In it, the costs of adjustment services, marketing, financing, tolls and charges such as interruptibility or auction deficits, among others, are also applied. Thus, according to data from Red Eléctrica, the average price of electricity today is 0.17 euros/kWh, compared to 0.168 euros per kilowatt hour the previous day.
Price of electricity for the consumer
Friday, December 1: 0.17 euros / kWh.
Thursday, November 30: 0.168 euros / kWh.
Wednesday, November 29: 0.154 euros / kWh.
Tuesday, November 28: 0.181 euros / kWh.
Monday, November 27: 0.181 euros / kWh.
Today’s price of electricity and cheap hours
The consumer will enjoy a cheaper electricity bill at the end of the month if they take advantage of the cheapest hours of the day. For this reason, today, Friday, December 1, the most pocket-friendly electricity rate will be in the early morning and early afternoon.
The price of electricity today, December 1
Cheapest time: 15:00 – 16:00 (0.125 euros / kWh.)
Most expensive time: 10:00 – 11:00 (0.218 euros / kWh.)
Specifically, the hour with the cheapest electricity price will take place between 3:00 p.m. and 4:00 p.m., with a cost of 0.125 euros/kWh. It will be the most recommended time of day for consumers to connect their appliances so they can save on their electricity bill at the end of the month. If you cannot benefit from the cheapest time of day, these are other good times to lower your electricity bill during normal hours:
Cheap hours in the price of electricity today, December 1
14:00 – 15:00: 0,139 euros / kWh.
16:00 – 17:00: 0,141 euros / kWh.
23:00 – 00:00: 0,15 euros / kWh.
On the other hand, the hours when it is least advisable to run the washing machine, oven or dryer will be in the evening. Although, yes, from 10:00 to 11:00, when the price per kWh. will rise to 0.218 euros. However, today, December 1, there are also other peak hours during which consumers should avoid turning on their appliances if they want to lower their electricity bill:
Expensive hours in the price of electricity today, December 1
18:00 – 19:00: 0,207 euros / kWh.
19:00 – 20:00: 0,217euros / kWh.
20:00 – 21:00: 0,217 euros / kWh.
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