2023-09-01 08:25:25
Thursday, August 31, 2023 | Updated 09/01/2023 08:25h.
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Discover how to save on electricity consumption: the price of electricity today falls by 4.3% in the wholesale market. If you have a regulated electricity rate, it is important to pay attention to the cheapest hours of the day to take advantage of the sections with the lowest electricity costs. According to the Iberian Energy Market Operator, the cost of electricity today will experience a slight drop compared to the previous day. This provides an opportunity for rate-regulated users to save when running their appliances at home.
Today, Friday, September 1, 2023, the average price of electricity in the wholesale market (‘pool’) will be 105.8 euros per megawatt hour, without taking into account the compensation to gas companies, tolls and corresponding charges that to meet Red Eléctrica at the last hour of the day. Take advantage of these recommendations to optimize your electricity consumption and reduce expenses on your electricity bill.
The price of electricity today rises for the consumer
The cost of electricity in the wholesale market is transferred daily to the consumer’s bill. However, it also applies the costs of adjustment services, marketing, financing, tolls and charges such as interruptibility or auction deficits, among others. Therefore, according to data from Red Eléctrica, the average price of electricity today is 0.1723 euros / kWh, compared to 0.1712 euros kilowatt hour the previous day.
Cheaper hours in the price of electricity
The consumer will be able to continue enjoying a cheaper 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 be more advantageous for the pocket in the early afternoon. More specifically, the hour with the cheapest electricity price will be the one from 4:00 p.m. to 5:00 p.m., the time slot in which the cost of electricity will be 0.1318 euros/kWh. It will, therefore, be the most advisable time to carry out household chores that entail a greater consumption of electricity.
On the other hand, the hours in which it is least recommended to start the electrical appliances will be at night. And, above all, the consumer should be especially attentive from 9:00 p.m. to 10:00 p.m., when the price of the kWh. will rise to 0.2375 euros. In other words, starting electrical appliances such as the washing machine, oven or dryer today will make the consumer’s bill more expensive at the end of the month.
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