the cheapest and most expensive hours of the day

the cheapest and most expensive hours of the day

Consumers will have to be vigilant this Wednesday, March 22, 2023. There will be times when putting the washing machine, ironing or using the oven will be more advisable. Knowing which are the cheapest allows you to concentrate spending and save on the bill at the end of the month. The average reference for the whole day in the wholesale market will be 101.22 euros per megawatt hour (MWh), according to the operator OMIE. Again, hour by hour there will be big differences.

The wholesale market figures are reflected in the consumer’s receipt. The most expensive hour will be reached between 7:00 p.m. and 8:00 p.m., when the price on the bill will rise to 0.25675 euros per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hour, on the opposite side, will be recorded between 2:00 p.m. and 3:00 p.m., when the kilowatt hour will be paid at 0.12548 euros.

This is the hourly cost of electricity for this Wednesday at the regulated rate (PVPC, toll 2.0 TD), according to Red Eléctrica. These figures already include the cost of the daily and intraday wholesale market, adjustment services, financing, the cost of variable marketing, tolls and charges. It may also have other concepts such as payments for capacity, surpluses or deficits from renewable auctions and costs for interruptibility services.

invoice cost

Hourly electricity price, Wednesday March 22

00h – 0.15084 €/kWh

01h – 0.14220 €/kWh

02h – 0.14977 €/kWh

03h – 0.15899 €/kWh

04h – 0.15974 €/kWh

05h – 0.16281 €/kWh

06h – 0.16270 €/kWh

07h – 0.16619 €/kWh

08h – 0.18569 €/kWh

09h – 0.16083 €/kWh

10h – 0.17542 €/kWh

11h – 0.17173 €/kWh

12h – 0.16459 €/kWh

13h – 0.16055 €/kWh

14h – 0.12548 €/kWh

15h – 0.12777 €/kWh

16h – 0.13369 €/kWh

17h – 0.16607 €/kWh

18h – 0.23341 €/kWh

7pm – €0.25675/kWh

20h – 0.23898 €/kWh

21h – 0.23735 €/kWh

22h – 0.18859 €/kWh

23h – 0.18068 €/kWh

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