2023-10-04 08:33:17
The price of electricity goes down. Today, Wednesday, October 4, the cost of electricity in the wholesale market (pool) decreases although it remains above the barrier of 100 euros / MWh. For this reason, the consumer covered by a regulated tariff must know the retail price of electricity in each of the time sections of the day, so that he or she can turn on 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 drops today
The price of electricity today decreases to 102.74 euros per megawatt hour (MWh), according to the Iberian Energy Market Operator (OMIE), which represents a drop of 3.62% compared to the previous day. (106.6 euros / MWh.). It so happens that the cost of electricity in September registered an average cost of 103.3 euros per megawatt hour, compared to 141.07 euros in the same month of 2022.
Price of electricity in the wholesale market
Wednesday, October 4: 102.74 euros / MWh.
Tuesday, October 3: 106.6 euros / MWh.
Monday, October 2: 114.86 euros / MWh.
Sunday, October 1: 96 euros / MWh.
Saturday, September 30: 104.89 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 0.1708 euros / kWh, compared to 0.1748 euros per kilowatt hour the previous day.
Price of electricity for the consumer
Wednesday, October 4: 0.1708 euros / kWh.
Tuesday, October 3: 0.1748 euros / kWh.
Monday, October 2: 0.1859 euros / kWh.
Sunday, October 1: 0.1339 euros / kWh.
Saturday, September 30: 0.1421 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, Wednesday, October 4, the most pocket-friendly electricity rate will be in the early morning and early afternoon.
The price of electricity today, October 4
Cheapest time: 00:00 – 01:00 (0.119 euros / kWh.)
Most expensive time: 20:00 – 21:00 (0.25 euros / kWh.)
Specifically, the time with the cheapest electricity price will take place between 00:00 and 01:00, with a cost of 0.119 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, October 4
01:00 – 02:00: 0,12 euros / kWh.)
02:00 – 03:00: 0,122 euros / kWh.)
14:00 – 15:00: 0,141 euros / kWh.)
15:00 – 16:00: 0,141 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 8:00 p.m. to 9:00 p.m., when the price of the kWh. will rise to 0.25 euros. However, today, October 4, there are also other peak hours in which consumers should avoid turning on their appliances if they want to lower their electricity bill:
Expensive hours in the price of electricity today, October 4
18:00 – 19:00: 0,217 euros / kWh.)
19:00 – 20:00: 0,239 euros / kWh.)
21:00 – 22:00: 0,241 euros / kWh.)
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