This Tuesday, April 29, the average price of electricity in the Spanish wholesale market has fallen dramatically to 5.79 euros per megavatio hour (MWh)which represents a 68.7% drop Regarding the previous day and more of the 90% compared to the same day last yearwhen the cost was € 58.27/MWh.
This decrease has been specially held by users hosted by the Regulated rate (PVPC)who will see this descent, although moderate, in their light receipts.
The best hours to use appliances
Price collapse has even left several time sections with negative ratessomething unusual in the electrical system. Among the 10:00 and 6:00 p.m.prices will be below zero euros, these being the more profitable hours to perform tasks such as putting the washing machine or dishwashertwo of the appliances that consume the most energy per cycle.
Here the cheapest stripes of the day:
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10:00 – 11:00 h: € 0.00/MWh
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11:00 – 12:00 h: -0.30 €/MWh
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12:00 – 13:00 h: -1.01 €/MWh
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13:00 – 14:00 h: -1.90 €/MWh
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14:00 – 15:00 h: -1.66 €/MWh
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15:00 – 17:00 h: -1.54 €/MWh
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17:00 – 18:00 h: -1.00 €/MWh
What has caused this drop in the price of light?
Although the OMI has not detailed a single cause, this extreme decrease could be related to a combination of High renewable productionespecially solar on these dates, and a Punctual fall in demandaggravated by the recent blackout that reduced consumption in several areas.
How does this affect your bill?
Despite the collapse in the wholesale market, the final price for the regulated user does not depend only on “pool”. Since 2024, the calculation of Voluntary price for the small consumer (PVPC) incorporate one Weighted average between short, medium and long term priceswhich Softens extreme oscillations. Even so, days like today they offer an excellent opportunity for those who can concentrate their energy consumption in the cheapest hours.
Appliances to take into account
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Refrigerator: The one with the greatest global consumption (24/7), although it does not depend on schedules.
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Washing machine: Advisable its use between 10:00 a.m. and 6:00 p.m. today.
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Dishwasher: Another great consumer; Use it in the negative sections for greater savings.
The collapse of the price of light is an excellent occasion for Spanish homes to save, planning the use of their appliances efficiently. In days like this, until washing clothes you can leave … almost free.