Electricity price today: the cheap hours to save on the electricity rate

by time news

2023-04-29 12:07:31

Friday, April 28, 2023

The electricity bill is down slightly today. Consumers who have a regulated electricity rate this Friday, April 28, will be able to take advantage of a slight drop in the cost of electricity. And it is that the price of electricity decreases by 1% compared to the previous day, which will help to save when starting up the electrical appliances in our home.

Thus, the price of electricity for consumers today will be an average of 0.18 euros / kWh, once the compensation to the gas companies and the corresponding tolls and charges have been added.

Cheap hours in the price of electricity today

For all these reasons, small consumers will be able to continue saving their electricity bill at the end of the month if they take advantage of the cheapest hours of the day in the price of electricity. Thus, today, Friday, the electricity rate will again be more advantageous both in the first section of the day and at noon. More specifically, the hour with the cheapest electricity price will be the one from 04:00 to 05:00, with a cost of 0.134 euros/kWh. It will, therefore, be the most advisable time to carry out household chores that involve electricity consumption.

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On the other hand, the hours in which it is least advisable to start up the electrical appliances will be those in the evening, especially from 9:00 p.m. to 10:00 p.m., when the price of the kWh. will rise to 0.239 euros. In other words, starting up appliances such as the washing machine, oven or dryer will significantly increase your bill at the end of the month.

Why doesn’t the price of electricity increase?

Consumers can save on their electricity bill by following a series of tips and recommendations and, above all, taking advantage of the cheapest hours of the day at home. Of course, the drop in the price of electricity is not only in the hands of the user of the regulated rate, but is also conditioned by other external aspects. Thus, the drought that is being experienced in the middle of spring in some parts of the peninsula is contributing to the existence of a greater generation of electrical energy based on the sun. As the hours of sunshine increase and in the absence of heavy cloud cover, the photovoltaic solar plants in Spain are at full capacity, much higher than usual, and this means that electricity prices do not rise even more.

Has the consumption of electricity in the home decreased?

The answer is clear, yes. Families have reduced their electricity consumption in recent months, something that has intensified this April with less rain and less cold. In addition, due to the high temperatures, gas consumption decreases, which is less necessary for combined cycles, which means that it is not necessary to activate what is known as the Iberian cap or exception. This helps to moderate the price of electricity and, therefore, the consumer can save on their bill at the end of the month.

Tricks to save on the price of electricity

The experts have agreed on five basic tips that allow families and the final consumer to reduce their electricity bill:

How to save at home

Five tips to save electricity in homes

  1. 1

    Unplug devices not in use as electronics continue to draw power while plugged in even when not in use

  2. 2

    Reduce the use of electrical appliances. Use household appliances and other devices less, thinking carefully about whether their use is necessary at that moment or you can wait for an hour with a cheaper rate

  3. 3

    Choose more energy efficient appliances. When buying new appliances it is important to choose those that are more efficient in terms of energy. Even if they are a little cheaper in the long run they save a lot of money

  4. 4

    Remember to turn off the lights when they are not needed or not to turn on all the possible ones. It is one of the easiest and most effective ways to save energy.

  5. 5

    Take faster and shorter showers to use less hot water

All of them are important to achieve a reduction in the cost of electricity rates in a context of concern in society about the general rise in prices of daily consumer products.

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