Sunday, February 5, 2023

Electricity prices for this Monday, 16 January: these are the cheapest and most expensive hours

Average price of electricity falls for regulated rate customers connected to the wholesale market 13.22 Euro per megawatt hour (MWh) This Monday, January 16th. This represents a decline of 45.5% compared to 21.49 euros on Sunday, January 15.

According to data from OMIE (the designated electricity market operator for the management of the daily and intraday electricity market in the Iberian Peninsula), the average price of electricity in the wholesale market is 13.22 Euro/MWh.

should be added to Compensation paid to power companies, which in this case is -1.51 Euro/MWh, so that the total amount for users without said mechanism would be 42.89 euros. The compensation is also higher than on Sunday, which was -0.56 Euro.

Price hike rates in 2023: It may cost you more to surf the internet, watch a movie, move around or switch on a light

The maximum price will be recorded between 8:00 pm and 9:00 pm, when electricity reaches 34.20 euros. This cost is lower than on Sunday, which peaked at 50.56 euros in the same time slot.

Others, The cheapest time slot will be between 01:00 and 02:00 and 03:00 and 05:00Since electricity will cost 3 euros, which is cheaper than 3.18 euros on Sunday.

This is the electricity rate per hour on Monday

Light Price Today Monday 16 January

Knowing which are the cheapest time slots is essential to keeping your appliances on that schedule and saving money on electricity bills.

These are the cheapest electricity prices on Monday, 16 January, without taking into account compensation to power companies:

  • From 0 to 1: up to 4.16 euros.
  • From 1 to 2: up to 3 euros.
  • 2 to 3: up to 4.16 euros.
  • 3 to 4: up to 3 euros.
  • 4 to 5: up to 3 euros.
  • 5 to 6: up to 4.16 euros.
  • 6 to 7: up to 4.16 euros.
  • From 14 to 15: 9.69 Euro.
  • From 15 to 16: 9.69 Euro.
  • From 16 to 17: 9.69 Euro.
  • From the 22nd to the 23rd: 9.99 euros.
  • From 23rd to 24th: 4.16 Euros.

As you can see, in all these times The price is less than 20 Euro per MWhSo doing homework at any point of time would be a good decision.

Nation World News Desk
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