Electricity tariffs every hour: Find the cheapest times for your consumption!

Electricity tariffs every hour: Find the cheapest times for your consumption!

How the hourly electricity prices affect consumers

The price fluctuations in the power supply are an important topic for many households in Spain. On August 5, once again the volatility of the prices, which are resolved every hour, showed what is important for both consumers and companies.

price overview of the electricity service

The average costs for the use of electricity were 109.82 euros per megawatt hour (MWh) on this day. During the day there were significant differences between the highest price of 150.89 euros and the lowest price of 81.45 euros per mwh.

electricity prices during the day

The hourly prices made it clear how important a time planning is for electricity consumption. The hours with the cheapest tariffs were between 3:00 p.m. and 5:00 p.m., where the price dropped to 81.58 euros . In contrast, the highest tariff of 150.89 euros from 9:00 p.m. to 10:00 p.m.

economic effects on the consumer community

For many citizens, this means a challenge to use their electrical devices, such as washing machines or air conditioning systems, during the cheaper period of time. These price differences clearly show that consumers can save money if they consciously deal with their electricity consumption and avoid the most expensive times.

importance of this pricing

The hourly price update through the operador del Mercado Ibérico de Energía (Omie) is an important part of the medium to long-term goal of promoting transparency in the energy market. This enables consumers to make informed decisions and ultimately can have positive effects on energy costs for households and companies.

By planning and adjusting the hourly prices in advance, awareness of sustainable energy consumption can increase and lead to more efficient use of resources.