Electricity price today, Saturday July 16: the cheapest hours of the day

Consumers will have to be vigilant this Saturday, July 16.

Thomas Osborne
Thomas Osborne
16 July 2022 Saturday 23:00
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Electricity price today, Saturday July 16: the cheapest hours of the day

Consumers will have to be vigilant this Saturday, July 16. There will be times when you put on the air conditioning - so necessary in the heat of the heat on the Peninsula - 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 138.6 euros per megawatt hour, according to the operator Omie. Once 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 9:00 p.m. and 11:00 p.m., when the price on the bill will rise to 176.16 euros per megawatt hour (MWh), based on Omie data. The cheapest time, on the other hand, will be recorded between 9:00 and 10:00, when the megawatt hour will be paid at 122.32 euros.

These wholesale references are transferred later adapted to the invoice. This is the hourly cost of electricity for this Saturday at the regulated rate for the Peninsula, the Balearic Islands and the Canary Islands (PVPC, toll 2.0 TD), according to Red Eléctrica and which allows you to decide at what time it is more convenient to program the appliances or cook.