The average cost of electricity for consumers in Spain is set to experience fluctuations on November 3, as reported by the Operator of the Iberian Electricity Market (OMIE). After a period of declining prices, the upcoming day will bring a new rise in electricity costs.
Throughout the day, there are specific time slots when consumers should be cautious about their energy usage. Prices will start to increase significantly after 5:00 PM, continuing to rise for the next four hours, reaching a peak that should be avoided.
Morning hours also present some cautionary price points, with certain periods where the costs are noticeably higher. Conversely, the midday hours offer the most favorable conditions for using electrical appliances, with prices dropping to more manageable levels.
The breakdown of electricity prices for November 3 is outlined below:
- From 00:00 to 01:00: 88.96 euros/MWh
- From 01:00 to 02:00: 83.82 euros/MWh
- From 02:00 to 03:00: 83 euros/MWh
- From 03:00 to 04:00: 82.56 euros/MWh
- From 04:00 to 05:00: 82.82 euros/MWh
- From 05:00 to 06:00: 86.01 euros/MWh
- From 06:00 to 07:00: 103.21 euros/MWh
- From 07:00 to 08:00: 133.09 euros/MWh
- From 08:00 to 09:00: 113.73 euros/MWh
- From 09:00 to 10:00: 70.89 euros/MWh
- From 10:00 to 11:00: 34.14 euros/MWh
- From 11:00 to 12:00: 19.97 euros/MWh
- From 12:00 to 13:00: 16.49 euros/MWh
- From 14:00 to 15:00: 18.62 euros/MWh
- From 15:00 to 16:00: 33.65 euros/MWh
- From 16:00 to 17:00: 63 euros/MWh
- From 17:00 to 18:00: 110.37 euros/MWh
- From 18:00 to 19:00: 125.03 euros/MWh
- From 19:00 to 20:00: 147.60 euros/MWh
- From 21:00 to 22:00: 130.49 euros/MWh
- From 22:00 to 23:00: 102.28 euros/MWh
- From 23:00 to 24:00: 91.85 euros/MWh
This price hike means that consumers will need to be strategic in their energy consumption on November 3, as there are specific hours where costs drop below 35 euros/MWh, presenting opportunities for savings.
