The price of electricity rises again
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 Sunday, November 26 is 117.58 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 4 and 5 o’clock, with a price of 99 euros/MWh
The time more expensive, and in which the use of electricity should be avoided will be between 6 and 7 p.m., when the price on the invoice will rise to 156.68 euros/MWh.
Price of electricity per hour November 26
From 00:00 to 01:00: 139.42 euros/MWh
From 01:00 to 02:00: 105.00 euros/MWh
From 02:00 to 03:00: 111.10 euros/MWh
From 03:00 to 04:00: 104.96 euros/MWh
From 04:00 to 05:00: 104.18 euros/MWh
From 05:00 to 06:00: 104.51 euros/MWh
From 06:00 to 07:00: 121.00 euros/MWh
From 07:00 to 08:00: 125.00 euros/MWh
From 08:00 to 09:00: 135.93 euros/MWh
From 09:00 to 10:00: 139.42 euros/MWh
From 10:00 to 11:00: 120.97 euros/MWh
From 11:00 to 12:00: 104.18 euros/MWh
From 12:00 to 13:00: 102.65 euros/MWh
From 1:00 p.m. to 2:00 p.m.: 104.96 euros/MWh
From 2:00 p.m. to 3:00 p.m.: 104.51 euros/MWh
From 3:00 p.m. to 4:00 p.m.: 104.51 euros/MWh
From 16:00 to 17:00: 143.99 euros/MWh
From 17:00 to 18:00: 155.76 euros/MWh
From 18:00 to 19:00: 169.89 euros/MWh
From 19:00 to 20:00: 171.30 euros/MWh
From 20:00 to 21:00: 175.01 euros/MWh
From 9:00 p.m. to 10:00 p.m.: 170.82 euros/MWh
From 22:00 to 23:00: 155.76 euros/MWh
From 23:00 to 24:00: 150.24 euros/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.