Price of electricity tomorrow, Thursday, February 23: these will be the cheapest and most expensive hours

Consumers will have to be vigilant this Thursday, February 22.

Thomas Osborne
Thomas Osborne
22 February 2023 Wednesday 12:25
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Price of electricity tomorrow, Thursday, February 23: these will be the cheapest and most expensive hours

Consumers will have to be vigilant this Thursday, February 22. 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 140.6 euros per megawatt hour (MWh), 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. Electricity will reach its highest price between 7:00 p.m. and 8:00 p.m., with 164.5 euros/MWh; and the lowest, between 3:00 p.m. and 4:00 p.m., when its price will be 115.3 euros/MWh.

This is the hourly cost of electricity for this Thursday 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.

To reduce consumption and lower the electricity bill, you can follow these tips:

Participate in renewable energy projects, through energy communities that offer citizen participation