When is the cheapest electricity price today?

When is electricity cheaper today?

According to the data, the cheapest electricity price in Spain is usually from 2:00 to 3:00 hours, and the most expensive electricity price is from 20:00 to 22:00 hours. Consult this website for the latest news

How is the price of electricity calculated today?

The kWh consumed is multiplied by the price of the kWh, plus the price of the contracted electricity.

Why is it important to know the cheapest hour of light?

Since the price of electricity began to rise in Spain, families turned to looking for the cheapest hour of electricity and, for their part, electricity companies wanted to take advantage of this opportunity to increase its client base by creating innovative billing plans that meant monthly savings.

As we have already commented in other articles, you should know that there are 2 types of billing that you can contract with your electricity company: on the one hand, there are those that charge you a flat rate and on the other that goes by sections In the last year many electric companies have begun offering hourly electric rate plans that allow consumers to pay less for energy used during certain hours of the day. For this reason, many families began to have as a ritual to search every day "What is the cheapest hour of light?".

Why is one hour of daylight cheaper than others?

In order to understand how it is possible that some hours of energy are cheaper than others, it is important to understand that it is a question of supply and demand. The price of electricity in the wholesale electricity market varies depending on the supply and demand of electricity at any given time. For example, during the early morning hours, almost no family uses energy, so the supply is higher than the demand, which causes the price to drop.

However, it is also important to remember that the supply-demand effect is one of the most important factors for the price of electricity to vary, but it is not the only one. Other factors that also affect the price can be:

Meteorological conditions: In Spain, more than 45% of energy comes from renewable sources such as wind, solar, hydraulic, biomass and geothermal. Renewable energy has been gaining ground and that is why the price of electricity in Spain has remained among the lowest in Europe. In recent years, thanks to public policies and measures to promote the generation of renewable energy, as well as investment in more efficient and sustainable technologies.

Availability of fossil fuels: Our country has a very limited availability of fossil fuels and natural gas. Therefore, most of the energy generated from these sources is imported from other countries. Also for this reason, the country has carried out a diversification strategy, implanting renewable energy sources and reducing dependence on fossil fuels.

Geopolitical situation in oil and gas producing countries: Oil and gas producing countries are countries that have a large availability of fossil fuels and benefit from the sale of these assets to other countries such as Spain. Currently, our life system is highly dependent on these supplies, which is why the producing countries are in constant social and political turmoil: Saudi Arabia, Russia, China, Iraq, Iran, etc. , are some of the producing countries that are often involved in national or international conflicts.

What is the hourly electricity rate and how to take advantage of it?

Before going into the hourly rate, it is important to understand the three types of electrical contracts that you can contract with your electric company:

Contract with a regulated market rate: It is known as the Voluntary Price for the Consumer (PVPC) and consists of a contract that, when charging, takes into account the maximum and minimum price established by the Ministry of Industry, Energy and Tourism. Not everyone can take advantage of this price, only those who do not have contracted more than 10 kW per month and have an electric meter. This type of contract is characterized by the fact that the price of electricity varies every hour depending on the evolution of the price of electricity in the electricity market.

Free market rate contract: Unlike the other bill, free market prices are not regulated by the government. Several years ago, belonging to the free market was a game of luck because some months you had low prices and others very high. However, in the current situation, free markets have taken advantage of the freedom they have to create offers or interesting packs and thus get more customers.

Regardless of the type of contract you have, many of the companies offer the possibility of contracting services with discrimination of daylight hours in Spain. Each company has its strategy. For example, free market rates usually offer their customers flat monthly rates; and those of the regulated market usually discriminate the rate with two or three periods: peak and valley or peak, valley and super valley.

In the case of PVPC contracts, you will have to watch how the price of energy evolves every day to be able to adjust your consumption to the cheapest hours. You can use simple search engines or use the same WEB or Application of your company in which they will have a daily update.

qué es la tarifa eléctrica por horas y cómo aprovecharla

How can you benefit from the cheapest hour of electricity?

If you agree with your company on a rate that discriminates by hours, you will have to take advantage of it and organization is required for this. In this case, we propose a series of tips that you can apply to make your energy savings a success:

Schedule the electrical appliances in your home: Some electrical appliances, such as the washing machine, the dishwasher or the oven, can be programmed so that they turn on during the cheapest hours of the tariff with discrimination of light hours in Spain. In this way, the lowest price of electricity is taken advantage of and the consumption of electricity during the most expensive hours is reduced.

Charge your small peripherals to the maximum during the cheapest hours: Surely all the members of the family make daily use of mobile phones, laptops, tablets, smart watches, alarms, etc. If all of them are charged once a day and fully during the cheapest hours, you will notice a significant saving on your final bill.

Use efficient lighting: If lighting is needed during the most economical hours, it is advisable to use efficient lamps, such as LEDs, since they consume less electrical energy than conventional lamps.

Adjust the temperature of the home: We want to specify the same idea of household appliance programs with air conditioning or heating. Because if we program it to turn on during the most economical hours, we will achieve a warm stay by spending the minimum. For this, it is important to have good insulation systems in the home to allow heat to be preserved for longer in the house.

In general, to take advantage of the cheapest hour of light, it is important to plan the consumption of electrical energy and adapt it to the hours in which prices are lower. In this way, the electricity bill can be significantly reduced.

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