Compared to Tuesday, the price of light on Wednesday, July 18 is slightly lower, but you still need to know the cheapest and most expensive hours of the day to avoid unnecessary costs. The average price of electricity for regulated customers connected to the wholesale market fell 1.56% on Wednesday to 95.11 euros per megawatt/hour (MWh).
The best time is concentrated between 2:00 pm and 7:00 pm and the most expensive time arrives at night, although in the early morning they approach the dinner peak, with prices above 100 Euro/MW. Therefore, time-wise, the highest price of 116.03 Euro/MW will be recorded from 10:00 PM to 11:00 PM, while the lowest price will be recorded from 5:00 PM to 6:00 PM, with 77.09 Euro. /MWh.
Cost of light per hour
From 00 to 01: 108.11 euros/MWh
From 01 to 02: 101.20 Euros/MWh
From 02 to 03: 97.25 euros/MWh
03 to 04: 92.10 Euros/MWh
04 to 05: 89.84 Euros/MWh
05 to 06: 90.10 Euros/MWh
06 to 07: 97.50 Euros/MWh
07 to 08: 105.06 Euros/MWh
08 to 09: 111.30 Euros/MWh
From 09 to 10: 99.90 euros/MWh
From 10 to 11: 93.08 euros/MWh
From 11 to 12: 87.00 euros/MWh
12 to 13: 87.30 euros/MWh
13 to 14: 87.00 euros/MWh
14 to 15: 83.52 euros/MWh
15 to 16: 81.42 euros/MWh
16 to 17: 78.00 euros/MWh
17 to 18: 77.09 euros/MWh
18 to 19: 82.72 euros/MWh
From 19 to 20: 99.00 euros/MWh
20 to 21: 102.33 euros/MWh
21 to 22: 113.04 euros/MWh
22 to 23: 116.03 euros/MWh
23 to 24: 102.63 euros/MWh
The 'pool’ average electricity so far in July is almost 92 Euro/MW compared to 142.66 Euro/MW in the same period last year.
To the average price of this 'pool’ is added the compensation to the gas companies, which is to be paid whether the consumers who are the beneficiaries of the metering, the consumers of the regulated tariff (PVPC) or the company itself. The free market has an indexed rate, but it is again 0 euro/MW, which has been repeated since February 27.
The so-called 'Iberian exception’ was extended until December 31 after an agreement reached by Spain and Portugal with the European Commission. Therefore, it has been extended for seven months till the end of this year and it is not ruled out that if the said framework is also extended it may be extended for a longer period.
In particular, the agreement not only represents an extension of the Iberian exception already used, but also some changes to accommodate it, namely the price reference, which until now has increased by five euros per month, will now be soft.
In the original contract, the aforementioned reference price for gas had an average value of 48.8 Euro/MW: it was 40 Euro/MW for six months, rising by 5 Euro/MW every month thereafter. Now, it will end up at 65 Euro/MW, up 1.1 Euro/MW from last April.
Currently, the mechanism does not have any effect on the partially applicable processes in the wholesale markets since the end of February due to the fall of the price of natural gas below the limits set for its use, but maintaining a fair price that allows an extension, if necessary, not dependent on the evolution of natural gas.
How to save electricity bills
To reduce consumption and reduce electricity bills, you can follow the following tips:
Household appliances
To reduce consumption, it is advised to:
– Unplug electrical appliances when away from home for long periods (vacation). Especially the fridge freezer It consumes up to 30% of total household consumption.
– Avoid leaving them on „stand by” as they will continue to spend even if they don’t consume.
– Try to use sunny weather to dry clothes.
hot water
It is recommended that:
– Use hot water wisely. Care should be taken not to open a tube more than necessary.
– Generally, a water temp Between 30ºC and 35ºC That might be enough.
Lightning
It is recommended that:
– Gradually replace incandescent and halogen bulbs with LED technology, as it uses ten times less power than incandescent bulbs and has a ten times longer useful life, saving 85% of energy.
– Use natural light by turning off lights in naturally lit areas, open spaces or glass walls that contribute to passive surveillance.