Big drop in the price of electricity today: these are the cheapest hours on Monday, March 13

Consumers will have to be vigilant this Monday, March 13.

Oliver Thansan
Oliver Thansan
13 March 2023 Monday 00:27
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Big drop in the price of electricity today: these are the cheapest hours on Monday, March 13

Consumers will have to be vigilant this Monday, March 13. 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 36.84 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 8:00 p.m. and 9:00 p.m., when the price on the bill will rise to 0.17834 euros per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hour, on the opposite side, will be recorded between 2:00 p.m. and 3:00 p.m., when the kilowatt hour will be paid at 0.05080 euros.

This is the hourly cost of electricity for this Monday 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.