The average cost of electricity at the beginning of November brought some initial relief for consumers. However, this trend is set to change drastically, according to data from the Iberian Electricity Market Operator (OMIE). This article will outline the pricing fluctuations for November 3 and identify the best and worst times for energy use.
On November 3, electricity prices will peak in the late afternoon and early evening. Specifically, the cost begins to rise at 5:00 PM and continues to climb for the next four hours. Consumers should be especially mindful of these peak periods to avoid higher charges. Additionally, certain morning hours will also see elevated prices.
Conversely, there are several hours during the day when electricity rates will be relatively lower, although not significantly low. The midday period emerges as the optimal time for running household appliances, offering a chance to save on energy costs.
Here is the breakdown of electricity prices by hour for Monday, 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
- 2:00 PM to 3:00 PM: 18.62 euros/MWh
- 3:00 PM to 4:00 PM: 33.65 euros/MWh
- 4:00 PM to 5:00 PM: 63 euros/MWh
- 5:00 PM to 6:00 PM: 110.37 euros/MWh
- 6:00 PM to 7:00 PM: 125.03 euros/MWh
- 7:00 PM to 8:00 PM: 147.6 euros/MWh
- 9:00 PM to 10:00 PM: 130.49 euros/MWh
- 10:00 PM to 11:00 PM: 102.28 euros/MWh
- 11:00 PM to 12:00 AM: 91.85 euros/MWh
In summary, consumers can expect a new surge in electricity costs for Monday, November 3, with certain time slots offering rates below 35 euros/MWh and others peaking significantly higher.
