He price of light continues to be one of the main concerns of many Spanish households, despite the arrival of measures such as the gas cap or the famous time slots, which as we have seen no longer work as well as we would like.
In order to save on the electricity bill each end of the month, it is advisable to know what the price of electricity will be at each hour of the day, and if possible as far in advance as possible.
In this way we can take different measures to save and reduce the bill at the end of the month by making more efficient use of our appliances.
The price of electricity today September 16, 2023
Therefore, if what we want is to know what the price is in the retail market to know the amount to pay at home for each kilowatt hour consumedthen we can go to the Red Eléctrica Española page where we can find out the value of the PVPC Active Energy Billing Term for each hour.
According to these data, the average price of electricity for today is €0.134/kWhbeing the cheapest schedule from 2:00 p.m. to 3:00 p.m. with a price of €0.103/kWh. For its part, the most expensive time will be today from 9:00 p.m. to 10:00 p.m., when we will have to pay €0.163/kWh.
Regarding wholesale market prices, as we can consult on the website of the Iberian Energy Market Operator (OMIE), the average price of electricity for today is €98.91/MWh with a maximum of €122.69/MWh that will be produced from 9:00 p.m. to 10:00 p.m. and a minimum of €73.41/MWh that will be produced between 2:00 p.m. and 3:00 p.m.
To this average price we must add the compensation of the gas cap that must be paid to the gas companies and that according to OMIE for today is on average €0/MWhwhich added to the base price of the wholesale market of 98.91 €/MWh gives us an average total final price of €98.91/MWh.
Cover image | Joel Henry
In Xataka Smart Home | How to know what price electricity will have tomorrow, whether you have a rate in the free or regulated market