2023-11-24 09:34:50
Friday, November 24, 2023, 08:34
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The price of electricity goes up. Today, Friday, November 24, the cost of electricity in the wholesale market (‘pool’) increases, hence the consumer receiving a regulated rate has to 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 goes up today
The price of electricity today rises to 66.13 euros per megawatt hour (MWh.), according to the Iberian Energy Market Operator (OMIE), which means that the cost increases by 26% compared to the previous day ( 52.49 euros / MWh.). It so happens that the price of electricity in November registers an average cost of 54 euros per megawatt hour, compared to 113 euros in the same month of 2022.
Price of electricity in the wholesale market
Friday, November 24: 66.13 euros / MWh.
Thursday, November 23: 52.49 euros / MWh.
Wednesday, November 22: 29.61 euros / MWh.
Tuesday, November 21: 41.05 euros / MWh.
Monday, November 20: 94.11 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 0.132 euros / kWh, compared to 0.116 euros per kilowatt hour the previous day.
Price of electricity for the consumer
Friday, November 24: 0.132 euros / kWh.
Thursday, November 23: 0.116 euros / kWh.
Wednesday, November 22: 0.091 euros / kWh.
Tuesday, November 21: 0.104 euros / kWh.
Monday, November 20: 0.167 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, Friday, November 24, the most pocket-friendly electricity rate will be in the early morning and early afternoon.
The price of electricity today, November 24
Cheapest time: 04:00 – 05:00 (0.06 euros / kWh.)
Most expensive time: 19:00 – 20:00 (0.235 euros / kWh.)
Specifically, the time with the cheapest electricity price will take place between 04:00 and 05:00, with a cost of 0.06 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 24
09:00 – 10:00: 0,129 euros / kWh.
14:00 – 15:00: 0,108 euros / kWh.
15:00 – 16:00: 0,111 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 7:00 p.m. to 8:00 p.m., when the price of the kWh. will rise to 0.235 euros. However, today, November 24, 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 24
18:00 – 19:00: 0,209 euros / kWh.
20:00 – 21:00: 0,203 euros / kWh.
21:00 – 22:00: 0,187 euros / kWh.
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