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Price of electricity today, Wednesday May 3, 2023: the cheapest hours to save

The News GlorybyThe News Glory
03/05/2023
Price of electricity today, Wednesday May 3, 2023: the cheapest hours to save

Consumers will have to be vigilant this Wednesday, May 3. There will be times when putting the washing machine, ironing or using the oven will be more advisable. Knowing which are the cheapest allows you to concentrate spending and save on the bill at the end of the month. The average reference for the whole day in the wholesale market will be 84.30 euros per megawatt hour (MWh), according to the operator OMIE. Again, hour by hour there will be big differences.

The wholesale market figures are reflected in the consumer’s receipt. The most expensive hour will be reached between 9:00 p.m. and 10:00 p.m., when the price on the bill will rise to 0.23482 euros per kilowatt hour (kWh), based on data from Red Eléctrica. The cheapest hour, on the opposite side, will be recorded between 4:00 p.m. and 5:00 p.m. in the afternoon, when the kilowatt hour will be paid at 0.07849 euros.

This is the hourly cost of electricity for this Monday at the regulated rate (PVPC, toll 2.0 TD), according to Red Eléctrica. These figures already include the cost of the daily and intraday wholesale market, adjustment services, financing, the cost of variable marketing, tolls and charges. It may also have other concepts such as payments for capacity, surpluses or deficits from renewable auctions and costs for interruptibility services.

Cost on the invoice

Price for hours of light

00h

€0.15496/kWh

01h

€0.14236/kWh

02h

€0.14108/kWh

03h

€0.13876/kWh

04h

€0.12536/kWh

05h

€0.13120/kWh

06h

€0.14047/kWh

07h

€0.15922/kWh

08h

€0.18427/kWh

9am

€0.17315/kWh

10am

€0.18989/kWh

11am

€0.18491/kWh

12 noon

€0.17168/kWh

1 pm

€0.15300/kWh

2 p.m.

€0.09211/kWh

3:00 p.m.

€0.08446/kWh

4pm

€0.07849/kWh

5:00 p.m.

€0.09509/kWh

6pm

€0.14842/kWh

7pm

€0.18724/kWh

20h

€0.22753/kWh

9pm

€0.23482/kWh

10pm

€0.18501/kWh

11pm

€0.15303/kWh

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