Bad news for Spanish consumers. After several days of truce, the average price of electricity rose again on Monday, July 17, to 87.48 euros per megawatt hour, a 46.61% increase compared to Sunday.
If you want to save a few cents on your electricity bill at the end of the month, taking into account off-peak hours and times of maximum energy consumption is a situation where you need to pay special attention to time slots.
For these sections, the minimum price is offered between 3:00 am and 4:00 am, at a price of around 70 euros. The peak of the day and therefore the time citizens should avoid is after dinner. 10:00 PM to 11:00 PM.
The electricity 'pool’ average so far in July is 91.51 Euro/MW, compared to 143.86 Euro/MW marked 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 the 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: this would be 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.
To reduce consumption and reduce electricity bills, you can follow the following tips:
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.
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.
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.