2023-11-07 09:31:37
Tuesday, November 7, 2023, 08:31
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The price of electricity skyrockets. Today, Tuesday, November 7, the cost of electricity in the wholesale market (‘pool’) increases significantly, hence the consumer receiving a regulated rate must know the retail price of electricity in each of the time slots. 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 today, on the rise
The price of electricity today increases to 97.89 euros per megawatt hour (MWh), according to the Iberian Energy Market Operator (OMIE), which means that the cost increases by 77% compared to the previous day. (55.15 euros / MWh.). It so happens that the price of electricity in November registers an average cost of 24.89 euros per megawatt hour, compared to 115 euros in the same month of 2022.
Price of electricity in the wholesale market
Tuesday, November 7: 97.89 euros / MWh.
Monday, November 6: 55.15 euros / MWh.
Sunday, November 5: 5.03 euros / MWh.
Saturday, November 4: 1.51 euros / MWh.
Friday, November 3: 5.76 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 0.169 euros / kWh, compared to 0.121 euros per kilowatt hour the previous day.
Price of electricity for the consumer
Tuesday, November 7: 0.169 euros / kWh.
Monday, November 6: 0.121 euros / kWh.
Sunday, November 5: 0.032 euros / kWh.
Saturday, November 4: 0.026 euros / kWh.
Friday, November 3: 0.063 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, Tuesday, November 7, the most pocket-friendly electricity rate will be in the early morning and early afternoon.
The price of electricity today, November 7
Cheapest time: 03:00 – 04:00 (0.109 euros / kWh.)
Most expensive time: 18:00 – 19:00 (0.266 euros / kWh.)
Specifically, the time with the cheapest electricity price will take place between 03:00 and 04:00, with a cost of 0.109 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 7
09:00 – 10:00: 0,143 euros / kWh.
14:00 – 15:00: 0,144 euros / kWh.
15:00 – 16:00: 0,146 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 6:00 p.m. to 7:00 p.m., when the price of the kWh. will rise to 0.266 euros. However, today, November 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, November 7
19:00 – 20:00: 0,25 euros / kWh.
20:00 – 21:00: 0,251 euros / kWh.
21:00 – 22:00: 0,229 euros / kWh.
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