The price of electricity goes up tomorrow: the cheapest and most expensive hours of Christmas Eve

The price of electricity goes up tomorrow. However, on Christmas Eve, regulated rate customers linked to the wholesale market will have options to avoid paying more when using your most consumed appliances such as the washing machine if you select what time to use it. Of course, throughout the day most expensive hours They will register at the time of making dinner, between 7:00 p.m. and 9:00 p.m. with a price of 109.30 euros the megawatt hour (MWh). Also hours will be cheaper as among the 3:00 p.m. and 4:00 p.m., in which the price will remain at 46.99 euros/MWh. On average The average price of electricity tomorrow will be 69.17 euros, which is 48% more than this Saturday. One more day The gas cap will still not be applied. as has happened since last February 27, when its price remains below the limit set by the Iberian exception, which in December is 65 euros. The price of electricity on the day of Christmas Eve is almost double that recorded a year ago, when the average price was 36.32 euros/MWh. However, so far in December, the average price of the pool‘Electric is located in the 70.88 euros/MWh, compared to the 112.57 euros/MWh that they marked on average in the last month of 2022. When we buy new appliancesIt is important to take into account three fundamental aspects: their energy efficiency, using them correctly (some even have saving modes) and making sure that their consumption adapts to our electricity bill. However, there are some appliances that generally consume more electricity than others. dishwasher, although it is not an appliance present in all homes, it is one of those that requires the greatest electricity consumption. According to OCU calculations, it can consume up to 246 kWh per year, which represents approximately 7% of the total energy consumption and translates into up to 74 additional euros in the annual electricity bill. The same happens with the washing machine, which can consume up to 255 kWh per year, that is, about 77 euros extra on the annual bill. Finally, and as is logical, the Fridge, which has an average consumption of 662 kWh per year, which means an increase of approximately 199 euros in the annual rate in the case of the PVPC. The rise in prices in most European countries is attributed to various factors, including the increase in the price of gas in international markets. This fuel is used in combined cycle plants and has a significant impact on the price determination of the market during most hours of the day. Furthermore, the increase in the value of carbon dioxide (CO2) emission rights also contributes to this situation. Electricity bill prices are flexible and linked to the wholesale electricity market. That is why the price of electricity in each time period is determined based on the energy demand at that time, resulting in a constant variation in the cost of electricity throughout the day.For example, during periods of high demand due to more extreme cold temperatures for heating or extreme heat for air conditioners, prices tend to rise. Additionally, it is important to consider that the expenses associated with adjustment services, loads, payments for capacity, marketing, pesetas and the price for interruptibility, among others, the price may vary from one hour to the next. With the entry into force in January 2024 of the new methodology for calculating the regulated electricity rate, it is expected to give more stability to the electricity market.