These are the cheapest hours to turn on the light this Thursday


Madrid

Updated:

Keep

This Thursday it will be necessary to program the washing machine, dishwasher and other possible appliances to work at night if we want to save. And for cooking, it is best to do it a little later than normal if we want to prevent the
light price
don’t shoot the bill.

According to the data provided by Red Eléctrica de España, the cheapest hours will be from 3 to 4 in the morning and from 3 to 4 in the afternoon. Meanwhile, the most expensive will be from 20 to 21 and from 8 to 10 in the morning.

Peak and valley hours

  • The cheapest: from 3 to 4 at € 0.25495 / kWh
  • The most expensive: from 20 to 21 at € 0.34282 / kWh

The price of electricity in the regulated market is directly affected by the wholesale market, which rebounded this Thursday by 1.2% and registered its seventh all-time high, with an average of 228.42 euros per megawatt hour (MWh), according to data from the Iberian Electricity Market Operator (OMIE).

The curve of the cost of electricity will begin to fall from the first hour of the morning and will reach its lowest point of the day at 3:00 a.m., when electricity will be paid at € 201.28 / MWh. For its part, the cheapest hour during the day will be at 3:00 p.m. (€ 210.75 / MWh). Meanwhile, the hours More expensive will be the 20 h(€ 256.94 / MWh), 7 p.m. (€ 255 / MWh), 8 a.m. (€ 250 / MWh), 9 a.m. (€ 250 / MWh) and 6 p.m. (€ 250 / MWh).

The price of electricity hour by hour

  • 00-01 0.28144 € / kWh
  • 01-02 0.27374 € / kWh
  • 02-03 0.26189 € / kWh
  • 03-04 0.25495 € / kWh
  • 04-05 0.25808 € / kWh
  • 05-06 0.27186 € / kWh
  • 06-07 0.2725 € / kWh
  • 07-08 0.28654 € / kWh
  • 08-09 0.32237 € / kWh
  • 09-10 0.31873 € / kWh
  • 10-11 € 0.31544 / kWh
  • 11-12 0.30667 € / kWh
  • 12-13 0.29905 € / kWh
  • 13-14 € 0.29518 / kWh
  • 14-15 0.27875 € / kWh
  • 15-16 0.27498 € / kWh
  • 16-17 0.28965 € / kWh
  • 17-18 € 0.30314 / kWh
  • 18-19 € 0.33393 / kWh
  • 19-20 € 0.3398 / kWh
  • 20-21 0.34282 € / kWh
  • 21-22 € 0.33396 / kWh
  • 22-23 0.30109 € / kWh
  • 23-00 0.28991 € / kWh

For a few months now, consumers have had to check each day which hours are the cheapest if you want to save on your electricity bill because
time zones
established by the Government in June (valley, flat and peak period) have come to nothing.

This has happened because after the intervention of the Executive the price of electricity began to rise to historical levels and to alleviate this rise, it was published
a decree law
that limits the price escalation with various measures that cause the cost in the regulated market to fluctuate every hour.

Why is the price of electricity going up?

So far this month of November, the price in the wholesale market has registered a average of about € 187 / MWh, about 13 euros less than the € 200 / MWh in which October closed, although the € 41.94 / MWh in November 2020 multiplies by more than four.

This increase in the price of electricity in recent months is mainly explained by high gas prices in the markets and carbon dioxide (CO2) emission rights, at record highs this year.

After starting a month of November down with respect to October, the price of electricity in the wholesale market has tightened again since last week due to the increase in the price of natural gas, mainly due to the decision of Germany to suspend the certification of the ‘Nord Stream 2’ gas pipeline, destined to carry gas from Russia to other parts of Europe through the Baltic Sea, indicates EP.

In addition, this week the coincidence, planned for a long time, of the stop of three
nuclear power plants
(Almaraz, Cofrentes and Ascó I) for refueling and maintenance work.

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