The electricity price today (Monday 14 August 2023) will be €97.61 per megawatt-hour (€/MWh). According to data published by the Iberian Energy Market Operator (OMIE), electricity prices have risen by 34% compared to Sunday this week, at 72.82 euros/MWh.
Although pool Already set at 97.61 euros, we must add compensation to the gas company. It is a concept that consumers must pay in a free market (PVPC) at a regulated or indexed rate, since they are the beneficiaries of the “Iberian exception” that limits the price of gas, so that it cannot exceed the “cap”. However, this will again be 0 EUR/MWh, as has been the case since 27 February.
We have entered 14 days in August, close to the equator, and the electricity market average for this period is €82.04/MWh. In the same period last year, it was €145.26/MWh, so there was a significant drop.
When is electricity cheap today?
this cheapest time of day it will be 2:00pm to 3:00pmwhen to pay 67.13 EUR/MWh. This is the zone with the most significant increases, as the price this Sunday is just over 6 euros, but it will also be the zone where appliances are most recommended.
on the contrary, maximum electricity price it will be 21 to 22 hourswhen it fires to 125.12 EUR/MWh. During this time, the highest peak of light occurs, so power usage can be conveniently kept to a minimum. From 7:00 to 8:00 in the morning, it will also break through 120 euros.
light price per hour
If it’s always important, follow hourly price This is even more so today, as it depends on whether electricity bills go up after the price hike. Adjusting spending over 24 time periods is the most effective saving technique for reducing monthly bills.
these are The cheapest and most expensive times of the weekaccording to OMIE data:
- 00:00 to 01:00: EUR 113.00/MWh
- 01:00 to 02:00: EUR 109.18/MWh
- 02:00 to 03:00: EUR 99.24/MWh
- 03:00 to 04:00: EUR 99.24/MWh
- 04:00 to 05:00: EUR 99.24/MWh
- 05:00 to 06:00: EUR 103.80/MWh
- 06:00 to 07:00: EUR 115.66/MWh
- 07:00 to 08:00: EUR 121.16/MWh
- 08:00 to 09:00: EUR 114.71/MWh
- 09:00 to 10:00: EUR 99.24/MWh
- 10:00 AM to 11:00 AM: €83.67/MWh
- 11:00 am to 12:00 pm: €77.31/MWh
- 12:00 to 13:00: EUR 75.05/MWh
- 1:00 pm to 2:00 pm: EUR 75.00/MWh
- 2:00pm to 3:00pm: €67.13/MWh
- 3:00pm to 4:00pm: €74.10/MWh
- 4:00pm to 5:00pm: €76.81/MWh
- 5:00pm to 6:00pm: €77.71/MWh
- 18:00 to 19:00: EUR 78.51/MWh
- 7:00pm to 8:00pm: €109.42/MWh
- 20:00 to 21:00: EUR 118.34/MWh
- 9:00pm to 10:00pm: €125.12/MWh
- 10:00pm to 11:00pm: €115.33/MWh
- 23:00 to 24:00: EUR 114.61/MWh
5 Simple Tips for Saving Light in Summer
Depending on the time of year, our daily habits can change save on electricity bills. In mid-August, these five tricks will help you spend less electricity in summer. And they are easy to follow:
- Dry the clothes in the sun. Take advantage of the longer daylight hours and higher temperatures and try not to turn on the dryer.
- Make the most of natural light. Also, you don’t have to turn on the lights in your home so quickly due to longer hours of sunlight. Whenever possible, avoid pressing switches.
- Place plants in your home. They absorb the sun’s rays and thus manage to reduce the temperature. It should be placed next to or near a window.
- If you’re going on vacation for a week or more, take the opportunity to empty and clean your refrigerator. This way you can turn it off when you’re out and about, saving over 30% on your bill. Remember to unplug and leave the door open.
- Be sure to ventilate first thing in the morning and last thing in the afternoon. This way you avoid opening windows during the hottest hours, which means bringing the temperature home.