Fri. Feb 23rd, 2024

The price of electricity drops tomorrow. On Christmas Day, regulated rate customers linked to the wholesale market will have more options to avoid paying more when using their most consumed appliances, such as the washing machine. Throughout the day there will be cheaper hours such as 3:00 p.m., when the price will remain at 47.79 euros per megawatt hour (MWh). The hours to avoid this time are located at 6:00 p.m., with a price of 85.02 euros/MWh. On average, the price of electricity tomorrow will be 63.09 euros, which is 8.8% less than the 69.17 euros this Friday.

For one more day, the gas cap will not be applied, as has happened since last February 27, as its price remains below the limit set by the Iberian exception, which in December is 65 euros.

And, as far as Christmas is concerned, the price of electricity this December 25 will be almost five times higher than that registered a year ago, when the average price was 12.62 euros/MWh.

The price of electricity tomorrow by the hour.

Ul at 06.00: 49.3 euros/MWh06.00 at 07.00: 50.0 euros/MWh07.00 at 08.00: 54.9 euros/MWh08.00 at 09.00: 68.96 euros/MWh09, 00 to 10.00: 54.9 euros/MWh10.00 to 11.00: 49.6 euros/ MWh11.00 to 12.00: 49.3 euros/MWh12.00 to 13.00: 49.3 euros/ MWh13.00 to 14.00: 49.3 euros/MWh14.00 to 15.00: 48.6 euros/MWh15.00 to 16.00: 47.79 euros/MWh16.00 to 17.00: 53.5 euros/MWh17.00 to 18.00: 78.39 euros/MWh18.00 to 19.00: 85.02 euros/MWh19.00 to 20.00: 83.61 euros/MWh20.00 to 21.00: 83 .46 euros/MWh21.00 to 22.00: 83.4 6 euros/MWh22. 00 to 23.00: 83.46 euros/MWh 23.00 to 24.00: 76.94 euros/MWh

Three appliances that increase your electricity bill

When we buy new appliances, it is important to take into account three fundamental aspects: their energy efficiency, using them correctly (some even have savings modes) and making sure that their consumption adapts to our electricity bill. However, there are some appliances that generally consume more electricity than others.

The dishwasher, although it is not an appliance present in every home, is one of those that requires the highest electricity consumption. According to OCU calculations, it can consume up to 246 kWh per year, which represents approximately 7% of total energy consumption and translates into up to 74 additional euros on 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 logically, the refrigerator, 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.

Factors influencing price escalation

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 determining market prices during most hours of the day. Furthermore, the increase in the value of carbon dioxide (CO2) emission rights also contributes to this situation.

Why does the price of electricity change in each time slot?

Electricity bill prices are flexible and linked to the wholesale electricity market. For this reason, the price of electricity in each time period is determined based on the energy demand at that moment, which gives rise to 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 expenses associated with adjustment services, charges, capacity payments, marketing, weighing, and interruptibility pricing, among others, may vary in price from hour to hour. 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.


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