Price of electricity today Monday May 22: when is it cheaper and when is it more expensive

Consumers will have to be vigilant this Monday, May 22.

Oliver Thansan
Oliver Thansan
22 May 2023 Monday 11:23
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Price of electricity today Monday May 22: when is it cheaper and when is it more expensive

Consumers will have to be vigilant this Monday, May 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 88.85 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 9:00 p.m. and 10:00 p.m., when the price on the bill will rise to 0.20796 euros per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hour, on the opposite side, will be recorded between 01:00 and 02:00, when the kilowatt hour will be paid at 0.12230 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.