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These are the cheapest hours on Friday to save on the bill

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The average price of electricity In the wholesale market, it will drop 19% this Friday, Christmas Eve, compared to Thursday's price, although it will remain at 311.02 euros per megawatt hour (MWh), its sixth highest record in history. This is the first truce granted by light throughout the week, after chaining several consecutive days of increases, which led to the price even above 380 euros, like the absolute record of 383.67 euros this Thursday.

The maximum price of the Light for this Friday will be given between 10 a.m. and 11 a.m., with 373.34 euros / MWh, while the minimum price will be 258.50 euros between 4 a.m. and 5 a.m., according to the data published by the Market Operator Ibérico de Energía (OMIE).

Peak and valley hours

  • The cheapest: from 4 to 5 at 0.33158 € / kWh
  • The most expensive: from 10 a.m. to 11 a.m. at € 0.48437 / kWh

The 'pool' prices have a direct impact on the regulated tariff -the so-called PVPC-, to which almost 11 million consumers in the country are welcomed, and serves as a reference for the other 17 million that have contracted their supply in the free market.

The increase in price in recent months in the electricity market is mainly explained by high gas prices in the markets and carbon dioxide (CO2) emission rights, at all-time highs this year .

The price of electricity hour by hour

  • 00-01 0.42980 € / kWh
  • 01-02 0.39294 € / kWh
  • 02-03 0.34696 € / kWh
  • 03-04 0.33908 € / kWh
  • 04-05 0.33158 € / kWh
  • 05-06 0.34038 € / kWh
  • 06-07 0.37218 € / kWh
  • 07-08 0.38581 € / kWh
  • 08-09 0.42776 € / kWh
  • 09-10 0.45330 € / kWh
  • 10-11 0.48437 € / kWh
  • 11-12 0.45143 € / kWh
  • 12-13 0.42322 € / kWh
  • 13-14 0.41158 € / kWh
  • 14-15 0.38373 € / kWh
  • 15-16 0.39714 € / kWh
  • 16-17 0.40115 € / kWh
  • 17-18 0.41846 € / kWh
  • 18-19 0.44389 € / kWh
  • 19-20 0.43724 € / kWh
  • 20-21 0.42263 € / kWh
  • 21-22 0.41651 € / kWh
  • 22-23 0.39469 € / kWh
  • 23-00 0.35351 € / kWh

Why does the light go up?

The rise in prices in recent months in the electricity market is mainly explained by the high prices of gas in the markets and carbon dioxide (CO2) emission rights, at record highs this year. Specifically, gas exceeds 110 euros per MWh and CO2 is above 80 euros per ton.

December has been a month marked by great volatility, with falls in the average of some days to around € 100 / MWh and with certain spikes that widely exceed the level of € 200 / MWh. In fact, so far this month the average has already stood at € 216 / MWh, which, if it continues like this, would exceed the record of last October, which was the most expensive month in history.

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