The electricity prices in Spain have seen a decrease for the fourth consecutive time as November begins. This month has started with positive news regarding the average cost of electricity. According to data from the Iberian Electricity Market Operator (OMIE), the average price has fallen by 5.56 compared to the previous day.
The pricing structure throughout the day reveals significant fluctuations, particularly during the afternoon and evening when energy consumption peaks. The highest rate is expected between specific hours, making it crucial for consumers to plan their usage accordingly.
Conversely, there are several periods during the day when electricity is more affordable, and even some intervals where the cost is zero, providing an opportunity for households to use their appliances without incurring charges.
The hourly breakdown for electricity prices on November 2 is as follows:
- 00:00 to 01:00: 74.44 euros/MWh
- 01:00 to 02:00: 53.89 euros/MWh
- 02:00 to 03:00: 31.27 euros/MWh
- 03:00 to 04:00: 16.71 euros/MWh
- 04:00 to 05:00: 16.79 euros/MWh
- 05:00 to 06:00: 17.79 euros/MWh
- 06:00 to 07:00: 29.99 euros/MWh
- 07:00 to 08:00: 37.25 euros/MWh
- 08:00 to 09:00: 23.84 euros/MWh
- 09:00 to 10:00: 7.69 euros/MWh
- 10:00 to 11:00: 0.17 euros/MWh
- 16:00 to 17:00: 5.13 euros/MWh
- 17:00 to 18:00: 38.62 euros/MWh
- 18:00 to 19:00: 80.49 euros/MWh
- 19:00 to 20:00: 103.20 euros/MWh
- 20:00 to 21:00: 110.62 euros/MWh
- 22:00 to 23:00: 103.24 euros/MWh
- 23:00 to 24:00: 97.63 euros/MWh
Overall, the average electricity cost for November 2 remains relatively stable, with five specific time slots where the cost will be zero, offering a respite for consumers looking to manage their energy expenses.
