The price of electricity this Sunday for customers with a regulated rate drops by 10%. Check the hourly price of electricity in detail for this Sunday, November 27
Small joy for consumers with the drop in the price of electricity this Sunday, which slightly alleviates the electricity bill of families and companies. This Sunday, November 27, the decrease in the energy cost is 10%, which helps to somewhat alleviate the sharp rises of previous days and which continues to force families to look at what are the cheapest hours to start up the most expensive household appliances. energy consumption. The cost of electricity in the wholesale market drops 16 euros compared to the previous day, despite being a weekend, to stand at 137.84 euros per megawatt hour (MWh).
Even with everything, prices in both November and October have been holding back compared to previous dates. Thus, the CPI for October revealed that electricity fell by 15% that month over the previous year, although food continued to become more expensive. Be that as it may, the cost of electricity for the consumer has become cheaper in these 12 months, also due to the tax reductions applied to the bill (without them the decrease would be 11.5%). The comparison with September shows a clear figure: a decrease of 22.5% per month in the cost of electricity.
With these increases in the price of electricity, it is still interesting for families to know what time to start up the devices with the highest consumption. In this sense, energy saving experts point out that there are five household appliances that generate the most consumption: the dryer, the dishwasher, the refrigerator, the washing machine and the television. Thus, today, Sunday, November 27, the cost of electricity in the wholesale market (‘pool’) is reduced to 117.04 euros per MWh on average before applying the compensation to gas companies, which will be 20.8 euros /MWh. as published by the Iberian Energy Market Operator (OMIE).
Contained light prices
Thus, prices remain contained compared to previous months, far from those 200 euros per MWh that were exceeded in summer. However, experts remain vigilant to one of the major factors that affect the cost of electricity, which is the price of gas. At the gates of winter and with the war in Ukraine with no sign of ending, it is a key factor despite the efforts of European countries to diversify their suppliers.
In the absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would be around 197.86 euros/MWh on average, which means 50.02 euros/MWh more. than with compensation for customers of the regulated rate, who will thus pay 30.33% less on average.
These more contained prices in recent months have been due to the confluence of several factors: the lower demand for electricity -due to the high temperatures these days-, a greater contribution from renewable plants to the electricity ‘mix’ without the need to throw both from the combined cycle gas plants and the greater contribution from renewable energies, especially wind power.
Faced with this situation, the Government of Spain decreed a series of energy aids for families with the aim of benefiting households. The good CPI figures invite optimism. “The price curve is bending”, according to sources from the Ministry of Economic Affairs and Digital Transformation, citing measures such as the Iberian mechanism, the public transport discount or the reduction of taxes on the gas and electricity bill , as well as the drop in energy prices in international markets.
Off-peak electricity prices
However, consumer organizations demand greater discounts. For example, Facua – Consumidores en Acción has published a report that shows how so far this year the three most expensive invoices in the history of Spain have been recorded: in March it reached 176.73 euros, in August it reached 158.30 euros and in July at 142.40 euros. The Facua study also reveals that in September the ‘valley’ period (from midnight to 8:00 a.m., Saturdays, Sundays and holidays) was on average more expensive than the ‘flat’ period (Monday to Friday from 8 to 10, from 2 to 6 p.m. and from 22 to 00 hours). Thus, the first had an average price of 33.12 cents per kWh and the second 32.56. Peak hours stood at 38.45 cents.
Thus, in a context of continuous price increases for all kinds of products, the consumer is forced to plan in detail when to carry out the domestic tasks that depend on their electrical appliances. Thus, checking the hourly rates is a real help for homes, since saving energy by the hour improves our economy. Due to these constant increases in electricity prices, Spain supports the mandatory cut in electricity consumption, mainly at peak hours, one of the measures that are on the table of the European Commission.
Price of electricity today Sunday, by the hour
The electricity tariff on the wholesale market directly influences the final cost that the consumer has to pay to start up their household appliances hour by hour.
Price of electricity today Sunday November 27, hour by hour
from 11:00 a.m. to 12:00 p.m., with 92 euros/MWh
most expensive hour
from 7:00 p.m. to 8:00 p.m., with 156.27 euros/MWh
Therefore, this Saturday the cheapest time to start up the appliances with the highest consumption is from 11 to 12 noon, with 92 euros /MWh, while the most expensive period is from 7 to 8 in the afternoon, with 156 .27 euros/MWh.
With these records in mind, today, Sunday, November 27, it is once again key to know what time the cheapest electricity price is.
Iberian exception to contain the price of light
The Iberian mechanism, which entered into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering the coming winter, a period in which energy prices are more expensive. Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation at a price of 40 euros/MWh. in the initial six months, and thereafter, a monthly increase of five euros/MWh. until the end of the measure.
The prices of the ‘pool’ have a direct impact on the regulated tariff -the so-called PVPC-, to which almost 11 million consumers in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market .
For this reason, one more day the price of electricity will vary significantly from hour to hour throughout the day, depending on the tolls and charges established in each of the hourly bands of the electricity tariff. In fact, the National Commission for Markets and Competition (CNMC) has verified that in 2021, within the framework of the upward spiral of energy, around 1.25 million people went from the PVPC to a rate on the free market at a fixed price.
Tips for household appliances that consume the most
In all homes we have large electrical consumption appliances. According to a study by the OCU, the household appliances that require the most energy are, in this order: dryer, dishwasher, refrigerator, washing machine and television. It is clear that in most of them there is not much room for savings since it is not possible to disconnect them.
What consumers can do is make the most of the capacity of the refrigerators and adjust the thermostat between 4 and 6º, and above all avoid that the door remains open for too long. When choosing its location, it is very important that the fridge is located away from the oven, a radiator or a sunny window or balcony.
Other tips that serve to save on the electricity bill are not leaving mobile chargers or headphones connected for longer than necessary, turning off devices that are not being used, not leaving the television on if it is not being watched, etc.