Thursday 25 January 2024, 8.03pm | Updated at 8.28pm
Good news for the pockets of Spanish consumers. The cost of electricity leaves behind the increases of the beginning of the week and continues its downward trend also over the weekend. In this way, the price of electricity will drop this Friday 26 January by 5.52% compared to Thursday’s data, to 72.56 euro megawatt hours (MWh).
By time slots
The maximum price will be between 08:00 and 09:00, with 115 euros/MWh; while the minimum, of 50.70 euros per megawatt hour, will occur between 1pm and 2pm, according to provisional data from the Iberian Energy Market Operator (OMIE).
Price of electricity per hour
Time band Euro/MWh 00.00-01.00 63.37 euros 01.00-02.00 65 euros 02.00-03.00 63.86 euros 03.00-04.00 63.86 euros 04.00-05.00 62.48 euros 05.00-06.00 63.86 euros 06 .0 0-07.00 69.57 euros 07.00-08.00 80.02 euros 08.00 -09.00 115 euros 09.00-10.00 77.3 euros 10.00-11.00 66.19 euros 11.00-12.00 62.39 euros 12.00-13.00 55 .78 euros 13.00-14.00 50.70 euros 14.00 -15.00 53.61 euros 15.00-16.00 55.52 euros 16.00-17.00 63.38 euros 17.00 -18.00 73.74 euros 18.00-19.00 89.62 euros 19.00-20.00 96.8 euros 20.00-21.00 111.07 euros 21.00-22.00 93 euros 22.00-23.00 74.98 euros 23.00-24.00 70.45 euros
It is worth mentioning that 2024 is full of news in the field of electricity tariffs. From 1 January the new formula for calculating the regulated electricity tariff, the so-called Voluntary Price for Small Consumers (PVPC) came into force – which covers around 8.5 million consumers, around a third of all consumers domestic.
Unlike the calculation methodology applied so far, introduced by Law 24/2013 of the Electricity Sector and regulated by Royal Decree 216/2014, where the final price was entirely indexed to the daily wholesale market, the new formula will partially incorporate price signals at term. To this end, since July 1st, reference marketers have purchased in advance part of the energy that the PVPC tariff will consume in 2024.
Tips for saving on your electricity bill
To reduce consumption and lower your electricity bill you can follow these tips:
Home appliances
To reduce the consumption of your household appliances it is advisable:
– Unplug household appliances when you are away from home for a long period (holidays). Especially the fridge freezer which consumes up to 30% of the total consumption of the house.
– Avoid leaving them on “stand by” as they continue to spend, even if they do not consume.
– Try to take advantage of the sunny hours to dry your clothes.
Hot water
We advise you to:
– Use hot water wisely. It is advisable to take care that a tap is never left open longer than necessary.
– In general, the water temperature between 30ºC and 35ºC it might be enough.
Lightning
It is advisable:
– Progressively replace incandescent and halogen bulbs with LED technology, as it consumes ten times less energy than incandescent bulbs and has a ten times longer useful life, saving up to 85% energy.
– Make the most of natural light by turning off lights in naturally lit areas and whenever there are open spaces or glass walls that contribute to passive surveillance.
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2024-01-25 19:03:39
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