The price of electricity falls to 14 euros: check what is the best time to put the washing machine and iron

The price of electricity falls to 14 euros: check what is the best time to put the washing machine and iron


The electricity bill drives consumers crazy. The price of electricity changes from one day to the next, which makes it very difficult for Spaniards to organize themselves to put on the washing machine, iron or turn on the heating and that their rate does not skyrocket at the end of the month.

The average price of electricity in the wholesale market will plummet 48.7% this Wednesday compared to the previous day, to 108.73 euros per megawatt hour (MWh), according to data from the Iberian Electricity Market Operator ( OMIE).

The drop this Wednesday, which is a national holiday, is similar to the one that occurred last Sunday, when the price of electricity in the wholesale market fell by more than 50% compared to the previous day, although both the On both Monday and Tuesday, the price was once again above 200 euros.

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In annual terms, the price of this Wednesday, December 8, will be 295.67% higher, that is, almost four times more expensive than just a year ago, when electricity cost 27.48 euros/MWh.

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Likewise, the price of electricity this Wednesday will be 56% lower than that of a week ago, a day in which the third most expensive day in the historical series was recorded with 247.21 euros/MWh, and it will also be 35, 15% cheaper than a month ago.

The maximum electricity price for this Wednesday, November 8, will be between 8:00 p.m. and 9:00 p.m., with 238.75 euros/MWh, while the minimum price will be 14 euros, between 5:00 a.m. and 6:00 a.m.

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

The November bill: the second most expensive in history

The electricity bill of an average user with the regulated rate -the so-called PVPC- has stood this November at 115.18 euros, 68.1% above the 68.50 euros of the same month last year, thus being the second most expensive bill in history after last October, according to data from Facua-Consumers in Action.

In fact, with the value of this Tuesday for the 'pool', this November will close with an average of more than 193.4 euros/MWh, making it the second most expensive month in history, only behind last October , when 200 euros/MWh were reached.

This price of the wholesale electricity market in this November is 361% more expensive than the 41.94 euros/MWh of the same month last year.

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