2023-12-07 11:44:15
Thursday, December 7, 2023, 10:44
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The price of electricity goes up. Today, Thursday, December 7, the cost of electricity in the wholesale market (‘pool’) increases, hence the consumer receiving a regulated rate has to know the retail price of electricity in each of the sections times 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 goes up today
The price of electricity today decreases to 85.07 euros per megawatt hour (MWh.) in the wholesale market, according to the Iberian Energy Market Operator (OMIE), which means that the cost drops by 20%, with compared to the previous day (105.97 euros / MWh.).
Price of electricity in the wholesale market
Thursday, December 7: 85.07 euros / MWh.
Wednesday, December 6: 105.97 euros / MWh.
Tuesday, December 5: 113.14 euros / MWh.
Monday, December 4: 77.24 euros / MWh.
Sunday, December 3: 79.92 euros / MWh.
However, 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 0.156 euros / kWh, compared to 0.147 euros per kilowatt hour the previous day.
Price of electricity for the consumer
Thursday, December 7: 0.156 euros / kWh.
Wednesday, December 6: 0.147 euros / kWh.
Tuesday, December 5: 0.187 euros / kWh.
Monday, December 4: 0.148 euros / kWh.
Sunday, December 3: 0.121 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, Thursday, December 7, the most pocket-friendly electricity rate will be in the early morning and early afternoon.
The price of electricity today, December 7
Cheapest time: 05:00 – 06:00 (0.119 euros / kWh.)
Most expensive time: 21:00 – 22:00 (0.201 euros / kWh.)
Specifically, the time with the cheapest electricity price will take place between 05:00 and 06:00, with a cost of 0.119 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 7
14:00 – 15:00: 0,132 euros / kWh.
15:00 – 16:00: 0,143 euros / kWh.
23:00 – 00:00: 0,124 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 9:00 p.m. to 10:00 p.m., when the price per kWh. will rise to 0.201 euros. However, today, December 7, 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 7
10:00 – 11:00: 0,186 euros / kWh.
13:00 – 14:00: 0,189 euros / kWh.
18:00 – 19:00: 0,2 euros / kWh.
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