Price of electricity tomorrow, Tuesday, February 21: these will be the cheapest hours of the day

Consumers will have to be vigilant this February 21.

Thomas Osborne
Thomas Osborne
20 February 2023 Monday 12:26
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Price of electricity tomorrow, Tuesday, February 21: these will be the cheapest hours of the day

Consumers will have to be vigilant this February 21. 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 149.35 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. The most expensive hour will be reached between 7:00 p.m. and 8:00 p.m., when the price on the bill will rise to 0.20766 euros per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hour, on the opposite side, will be recorded between 3:00 p.m. and 4:00 p.m., when the kilowatt hour will be paid at 0.16409 euros.

This is the hourly cost of electricity for this Tuesday 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