the cheapest time to put the washing machine

He price of light today Monday July 10 it stays up, that is, it goes up. After overcoming a weekend without free hours, the price of electricity does not budge and does not give pockets a break at the beginning of the week. Those who are looking for the cheapest time of the day to save and use the appliances that consume the most in the electricity bill, such as the washing machine, the dishwasher or putting on the air conditioning, should pay attention to which is the best. The average price of electricity this Monday for the more than two million customers with a regulated rate linked to the wholesale market 20.53% will shoot upIn this way, the average price once again exceeds the barrier of 100 euros megawatt/hour (MWh).

The average of the ‘pool’ of electricity so far in July it stands at 94.89 euros/MWh, compared to the 244.45 euros/MWh that it marked in the same period last year. To this average price of the ‘pool’ would be added the compensation to the gas companies, which must be paid by the consumers benefiting from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market , have an indexed rate, but which is again at 0 euros/MWh, a situation that It is repeated since last February 27.

The most expensive and cheapest hours of light on Monday, July 10

By time slots, the minimal priceof 88.32 euros/MWh, will be recorded between 4:00 p.m. and 5:00 p.m., while the Maximum price it will be given between 9:00 p.m. and 11:00 p.m., with 151.65 euros/MWh. In this way, the average price will be 109.92 euros per megawatt/hour (MWh).

Price of electricity today Monday by time slots

​Factors influencing price escalation

The rise in prices in most European countries is attributed to various factors, including gas price increase in international markets. This fuel is used in combined cycle plants and has a significant impact on determining market prices during most hours of the day. In addition, the increase in the value of carbon dioxide (CO2) emission rights also contributes to this situation.

Three appliances that raise your electricity bill

When we buy new electrical appliances, it is important to take into account three fundamental aspects: its energy efficiency, use them correctly (some even have saving modes) and make sure that their consumption is adapted to our electricity bill. However, there are some appliances that generally consume more electricity than others.

He dishwasherAlthough it is not an appliance present in all homes, it is one of those that requires the highest light consumption. According to OCU calculations, it can consume up to 246 kWh per year, which represents approximately 7% of total energy consumption and translates into up to 74 additional euros on the annual electricity bill. The same goes for the washing machine, which can consume up to 255 kWh per year, that is, an extra 77 euros on the annual bill. Finally, and of course, the Fridgewhich has an average consumption of 662 kWh per year, which means an increase of approximately 199 euros in the annual rate in the case of the PVPC.

Why does the price of electricity vary in each time slot?

electricity bill prices they are flexible and linked to the wholesale electricity market. For this reason, the price of electricity in each hourly period is determined based on the demand for energy at that time, which gives rise to a constant variation in the cost of electricity throughout the day.

For example, during periods of high demand Due to more extreme temperatures from cold for heating or extreme heat for air conditioners, prices tend to go up. In addition, it is important to consider that the expenses associated with adjustment services, charges, payments for capacity, commercialization, tolls and the price for interruptibility, among others, can vary the price from one hour to another. With the entry into force in January 2024 of the new calculation methodology for the new regulated electricity tariff, it is expected to give more stability to the electricity market.

The Iberian exception

The so-called ‘Iberian exception‘ has been extended until December 31, following the agreement reached by Spain and Portugal with the European Commission. Thus, it is extended for seven months, until the end of this year, and it is not excluded that it could be extended for a longer time if said framework is also extended.

Specifically, the agreement not only represents an extension of the Iberian exception that was already applied, but also implies some adjustments to accommodate it, such as the price reference, which until now It increased by five euros a month, and now it will be smoother.

In the original agreement, the aforementioned reference price for gas had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, rising 5 euros/MWh every month thereafter. Now, it will increase by 1.1 euros/MWh since last April, to conclude at 65 euros/MWh.

Currently, the mechanism has had no effect on the marginal matching processes in the wholesale markets since the end of February, due to the decrease in the price of natural gas below the thresholds set for its application, but, if necessary, the extension will make it possible to maintain a reasonable price, not so dependent on the evolution of natural gas.