2023-11-29 21:02:40
Wednesday, November 29, 2023, 08:18 | Updated 8:02 p.m.
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The price of electricity goes down. Today, Wednesday, November 29, the cost of electricity in the wholesale market (‘pool’) gives a respite, hence the consumer receiving a regulated tariff 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 85 euros per megawatt hour (MWh), according to the Iberian Energy Market Operator (OMIE), which means that the cost decreases by 21.5% compared to the previous day ( 108.36 euros / MWh.). It so happens that the price of electricity in November registers an average cost of 62.2 euros per megawatt hour, compared to 115 euros in the same month of 2022.
Price of electricity in the wholesale market
Wednesday, November 29: 85 euros / MWh.
Tuesday, November 28: 108.36 euros / MWh.
Monday, November 27: 107.85 euros / MWh.
Sunday, November 26: 117.58 euros / MWh.
Saturday, November 25: 87.81 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 0.154 euros / kWh, compared to 0.164 euros per kilowatt hour the previous day.
Price of electricity for the consumer
Monday, November 27: 0.181 euros / kWh.
Sunday, November 26: 0.164 euros / kWh.
Saturday, November 25: 0.13 euros / kWh.
Friday, November 24: 0.132 euros / kWh.
Thursday, November 23: 0.116 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, Monday, November 27, the most pocket-friendly electricity rate will be in the early morning and early afternoon.
The price of electricity today, November 27
Cheapest time: 14:00 – 15:00 (0.114 euros / kWh.)
Most expensive time: 20:00 – 21:00 (0.207 euros / kWh.)
Specifically, the hour with the cheapest electricity price will take place between 2:00 p.m. and 3:00 p.m., with a cost of 0.114 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, November 29
15:00 – 16:00: 0,117 euros / kWh.
16:00 – 17:00: 0,129 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. And, above all, from 8:00 p.m. to 9:00 p.m., when the price of the kWh. will rise to 0.207 euros. However, today, November 29, 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, November 29
10:00 – 11:00: 0,199 euros / kWh.
18:00 – 19:00: 0,206 euros / kWh.
21:00 – 22:00: 0,205 euros / kWh.
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