He price of light It continues to be one of the main concerns of many Spanish households, despite the arrival of measures such as the cap on gas 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 convenient to know what price electricity will have 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 lower the bill at the end of the month by making more efficient use of our appliances.
The price of electricity today March 04, 2023
Therefore, if what we want is to know what the price is in the retail market to find out the amount to be paid 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 active energy billing term of the PVPC for each hour.
According to these data, the average price of electricity for today is €0.187/kWhbeing the cheapest time from 2:00 p.m. to 3:00 p.m. with a price of €0.153/kWh. For its part, the most expensive schedule will be today from 8:00 p.m. to 9:00 p.m., when we will have to pay €0.227/kWh.
Regarding the prices of the wholesale market, as we can consult on the website of the Iberian Energy Market Operator (OMIE), the average price of electricity for today is €138.57/MWh with a maximum of €173.20/MWh that will be produced from 8:00 p.m. to 9:00 p.m. and a minimum of €111.90/MWh that will be produced between 2:00 p.m. and 3:00 p.m.
To this average price must be added the compensation of the stop the gas that you have to pay the gas companies and that according to OMIE for today is on average €0/MWh (it will not be applied because the price of natural gas has fallen in the Iberian Gas Market below the limit of 55 euros/MWh set by the Government for the month of March), which added to the base price of the wholesale market of 138.57 €/MWh gives us an average total final price of €138.57/MWh.