We detail the electricity figure by time zone
In 2022, the electricity bill skyrocketed, registering historical records by exceeding 500 euros per MWh. In recent years, the price of electricity has risen significantly and has become one of the main problems in Spanish homes. Even so, it seems that the figure has stabilized in 2023.
He Operator of the Iberian Energy Market (OMIE) is in charge of offering the data on the price of electricity. The average price on November 16 is 101.85 euros/MWh.
When is it cheaper and when is it more expensive?
The time zone cheaper in which it is advisable to use the appliances that consume the most will be between 2 and 3 p.m., with a price of 66.05 euros/MWh.
The time more expensive, and in which the use of electricity should be avoided will be between 8 and 9 p.m., when the price on the invoice will rise to 111.16 euros/MWh.
PRICE OF LIGHT BY HOURS, NOVEMBER 18
- 00.00 to 01.00: €110.56/MWh
- 01.00 to 02.00: €97.38/MWh
- 02.00 to 03.00: €90.61/MWh
- 03.00 to 04.00: €85.87/MWh
- 04.00 to 05.00: €82.36/MWh
- 05.00 to 06.00: €82.45/MWh
- 06.00 to 07.00: €85.41/MWh
- 07.00 to 08.00: €92.08/MWh
- 08.00 to 09.00: €100/MWh
- 09.00 to 10.00: €94.12/MWh
- 10.00 to 11.00: €75/MWh
- 11:00 a.m. to 12:00 p.m.: €72.69/MWh
- 12:00 to 1:00 p.m.: €70.8/MWh
- 1:00 p.m. to 2:00 p.m.: €70.8/MWh
- 2:00 p.m. to 3:00 p.m.: €66.05/MWh
- 3:00 p.m. to 4:00 p.m.: €67.69/MWh
- 4:00 p.m. to 5:00 p.m.: €81.1/MWh
- 17:00 to 18:00: €105.64/MWh
- 6:00 p.m. to 7:00 p.m.: €108.67/MWh
- 7:00 p.m. to 8:00 p.m.: €110/MWh
- 8:00 p.m. to 9:00 p.m.: €111.16/MWh
- 9:00 p.m. to 10:00 p.m.: €107.72/MWh
- 10:00 p.m. to 11:00 p.m.: €89/MWh
- 23.00 to 24.00: €80/MWh
Why does the price of electricity vary throughout the day?
The main causes of fluctuations are the cost of fossil fuels such as gas and oil or periods of high demand, such as morning and afternoon rush hours. During peak hours, energy providers have to buy energy on the market at higher prices, while those with less demand can use more efficient energy sources.