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Learn to save on your electricity bill: these are the best times


The cost of electrical service is updated every day (Europa Press)
The cost of electrical service is updated every day (Europa Press)

Before turning on the television, connecting the computer, playing with the console, putting on the washing machine or activating the air conditioning, check what the best moment of the day to use the light.

Are here electric energy pricesas well as the hours of the day more expensive and lower of the service for this Friday, October 6.

Due to the increase in electricity bill prices, many Spanish households are aware not only of the daily rates, but also of how changes every hour and thus use the current when it is cheapest.

The average, maximum and minimum price of electricity (Europa Press)
The average, maximum and minimum price of electricity (Europa Press)

Day: October 6

Half price: 105.51 euros per megawatt hour

Highest price: 130.0 euros per megawatt hour

Lowest price: 81.4 euros per megawatt hour

Throughout this October 6, the cost of electricity every hour will be the following:

From 0:00 to 1:00 hoursthe price of the electrical service will be 118.69 euros per megawatt hour.

From 1:00 to 2:00 hoursthe electricity service rate will be 116.46 euros per megawatt hour.

From 2:00 to 3:00 hoursthe price of electricity will be 113.27 euros per megawatt hour.

From 3:00 to 4:00 hoursthe price of electricity will be 112.23 euros per megawatt hour.

From 4:00 to 5:00the electricity rate will be 106.48 euros per megawatt hour.

From 5:00 to 6:00the electricity rate will be 98.0 euros per megawatt hour.

From 6:00 to 7:00 a.m.the price of the electrical service will be 113.27 euros per megawatt hour.

From 7:00 a.m. to 8:00 a.m.the price of the electrical service will be 121.74 euros per megawatt hour.

From 8:00 to 9:00 a.m.the electricity rate will be 123.0 euros per megawatt hour.

From 9:00 a.m. to 10:00 a.m.the electricity rate will be 112.84 euros per megawatt hour.

From 10:00 to 11:00 a.m.the price of the electrical service will be 94.58 euros per megawatt hour.

From 11:00 a.m. to 12:00 p.m.the electricity rate will be 85.2 euros per megawatt hour.

From 12:00 to 1:00 p.m.the price of electricity will be 84.0 euros per megawatt hour.

From 1:00 p.m. to 2:00 p.m.the electricity rate will be 83.1 euros per megawatt hour.

From 2:00 p.m. to 3:00 p.m.the price of electricity will be 81.9 euros per megawatt hour.

From 3:00 p.m. to 4:00 p.m.the price of the electrical service will be 81.4 euros per megawatt hour.

From 4:00 p.m. to 5:00 p.m.the electricity rate will be 84.4 euros per megawatt hour.

From 5:00 p.m. to 6:00 p.m.the price of electricity will be 88.49 euros per megawatt hour.

From 6:00 p.m. to 7:00 p.m.the electricity service rate will be 112.5 euros per megawatt hour.

From 7:00 p.m. to 8:00 p.m.the electricity rate will be 119.0 euros per megawatt hour.

From 8:00 p.m. to 9:00 p.m.the price of the electrical service will be 130.0 euros per megawatt hour.

From 9:00 p.m. to 10:00 p.m.the electricity rate will be 122.45 euros per megawatt hour.

From 10:00 p.m. to 11:00 p.m.the price of electricity will be 117.0 euros per megawatt hour.

From 11:00 p.m. to 12:00 p.m.the price of electricity will be 112.23 euros per megawatt hour.

The electricity rate became unpayable for many Spaniards (EFE)
The electricity rate became unpayable for many Spaniards (EFE)

After the covid-19 pandemic and after the start of Russia’s invasion of Ukraine, the electricity rate has increased throughout Europe to reach historic figures.

In Spain, for example, the electricity service rate saw its peak in March of last year, a time in which it was sold well above 500 euros per megawatt hour.

Since electricity is generated through natural gas and Russia is the main supplier of this fuel, after the economic sanctions that the international community placed on the Eurasian country for the invasion of Ukraine, it limited the hydrocarbon, increasing the prices of its derivatives.

Due to the increases, the European Commission approved the so-called “Iberian exception”, which aims to limit the price of natural gas in the wholesale market and address the increase in the price of electrical energy.

This Iberian exception applies to two members of the European Union (EU): Spain and Portugal.

And although the validity of the “Iberian exception” would last until May of this year, the Spanish government managed to get the European Commission to extend it until the end of 2023, with a view to winter, a time in which the use of electrical service increases and, with this, of the rates.

Although electricity prices have decreased, rates remain high, since the Spanish authorities are obliged to pay compensation to companies that produce electricity, which has an impact on consumers.

Meanwhile, Spanish citizens have had to take measures so that the electricity service bill is not so high, among them, reviewing the daily price of the service and in particular the hours in which prices are lowest to make purchases. tasks that represent the most electricity expenditure.

The body in charge of announcing electricity prices is the OMIE, an electricity market operator designated for the management of the daily electricity market in the Iberian Peninsula, that is, Spain and Portugal.

From the day before, the OMIE announces the electricity rates, as well as its lowest and highest prices, so that Spaniards take it into account when using electricity.



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