On November 3, electricity prices are expected to rise significantly, marking a shift from the previous downward trend observed at the start of the month. According to information from the Iberian Energy Market Operator (OMIE), consumers should prepare for higher costs during certain hours of the day.
The most expensive period for electricity will commence at 5:00 PM and will continue to escalate for four hours thereafter. Consumers should be cautious during this time, as rates will reach their peak. Additionally, some morning hours will also see increased costs, making it important to plan energy usage accordingly.
Conversely, there are several time slots where electricity will be more affordable, albeit not at extremely low rates. Midday is identified as the most favorable time to use electrical appliances, presenting a good opportunity for consumers to save on their bills.
Here is a breakdown of electricity prices by hour for November 3:
- 12:00 AM to 1:00 AM: 88.96 euros/MWh
- 1:00 AM to 2:00 AM: 83.82 euros/MWh
- 2:00 AM to 3:00 AM: 83 euros/MWh
- 3:00 AM to 4:00 AM: 82.56 euros/MWh
- 4:00 AM to 5:00 AM: 82.82 euros/MWh
- 5:00 AM to 6:00 AM: 86.01 euros/MWh
- 6:00 AM to 7:00 AM: 103.21 euros/MWh
- 7:00 AM to 8:00 AM: 133.09 euros/MWh
- 8:00 AM to 9:00 AM: 113.73 euros/MWh
- 9:00 AM to 10:00 AM: 70.89 euros/MWh
- 10:00 AM to 11:00 AM: 34.14 euros/MWh
- 11:00 AM to 12:00 PM: 19.97 euros/MWh
- 12:00 PM to 1:00 PM: 16.49 euros/MWh
- 1:00 PM to 2:00 PM: 18.62 euros/MWh
- 2:00 PM to 3:00 PM: 33.65 euros/MWh
- 3:00 PM to 4:00 PM: 63 euros/MWh
- 4:00 PM to 5:00 PM: 110.37 euros/MWh
- 5:00 PM to 6:00 PM: 125.03 euros/MWh
- 6:00 PM to 7:00 PM: 147.6 euros/MWh
- 7:00 PM to 8:00 PM: 130.49 euros/MWh
- 8:00 PM to 9:00 PM: 102.28 euros/MWh
- 9:00 PM to 10:00 PM: 91.85 euros/MWh
This increase in electricity prices indicates a new challenge for consumers on November 3, with only brief moments where the cost dips below 35 euros/MWh.
