Price of electricity today, January 29, 2023: what is the cheapest time to save?

Consumers will have to be vigilant this Sunday, January 29.

Thomas Osborne
Thomas Osborne
30 January 2023 Monday 11:08
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Price of electricity today, January 29, 2023: what is the cheapest time to save?

Consumers will have to be vigilant this Sunday, January 29. 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 0.10823 euros per kilowatt hour (kWh), 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 hours will be reached between 7:00 p.m. and 8:00 p.m., when the price on the bill will rise to 0.23329 euros per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hours, on the opposite side, will be recorded between 11 and 12, when the kilowatt hour will be paid at 0.06655 euros.

This is the hourly cost of electricity for this Sunday 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.