Drop in the price of electricity tomorrow, January 13: the cheapest hours to install electrical appliances

Drop in the price of electricity tomorrow, January 13: the cheapest hours to install electrical appliances

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Night lighting in San Sebastian.

The price of electricity in the wholesale market falls again tomorrow, this time by 4.65%. Check the cost of electricity hour by hour for this Friday, January 13

Look Elizondo

New relief, although contained, for the pockets of consumers thanks to the drop in the price of electricity tomorrow. This Friday, January 13, electricity in the wholesale market decreased by 4.65%, to remain one more day below the barrier of one hundred euros per megawatt hour (MWh), standing at 89.5 according to the data communicated by the Operator. of the Iberian Energy Market (OMIE).

After a year-end with the lowest prices in recent months, in January we followed the same trend, although experts recommend that consumers look at the most advantageous hours to start up household appliances with the highest energy consumption. Energy saving specialists advise families to pay attention to the five household appliances that consume the most electricity: the dryer, the dishwasher, the refrigerator, the washing machine and the television.

The price of electricity for regulated rate customers linked to the wholesale market closed 2022 at an average of 209.4 euros/MWh, which is why it has been the most expensive year since the beginning of the historical series with available and provided data. by OMIE, which started in 1998. With these figures, the average price of electricity in 2022 has almost doubled the average 111.93 euros/MWh registered the previous year and which represented the previous historical record.

A study prepared by EcoFlow has just been published, which shows that one in four consumers places the electricity bill as the main concern for the cost of this January, already marked by general inflation. 83% of those surveyed state that they have already modified some consumption habits at home and the main one is optimizing the use of electrical appliances (71%), followed by reducing the use of heating (67%) and giving up leisure activities (39%).

More electricity from renewables

These more contained prices come from the favorable weather conditions in Spain with rains that fill the swamps and plenty of wind throughout the peninsula. According to the data published by Red Eléctrica, this Thursday clean energy generated 56% of the energy consumed. The wind is serving to alleviate bills since it has been “for five consecutive days placing wind power as the first source of electricity generation in Spain,” according to the company.

Also the price of gas, lower at the end of the year, is helping to reduce bills in companies and homes. However, experts remain vigilant to one of the major factors that affect the cost of electricity, the price of gas, highly conditioned by the weather but also by the war in Ukraine.

Another factor that is helping these savings is the ‘Iberian exception’ mechanism that establishes a ceiling on the price of gas for electricity generation. Without it, tomorrow, Friday, the price of electricity in Spain would be an average of 121.15 euros/MWh, which is 31.65 euros/MWh more than with the compensation for customers of the regulated rate, who will thus pay a 26.13% less than average.

Saving looking at Europe

Precisely Spain has proposed this Tuesday to Brussels to limit prices to nuclear and hydraulic energy to stabilize the price of light. The idea of ​​the Ministry for the Ecological Transition consists of applying a regulated generation price to said energies so that the income received by these plants for generating electricity is previously fixed, based on parameters that cover costs but avoid extraordinary income.

Teresa Ribera, Third Vice President of the Government and Minister of Ecological Transition and for the Demographic Challenge, explained this Monday that she will ask Brussels to extend said ‘Iberian exception’ at least until the end of 2024, with a limit similar to the current one, of between 45 and 50 euros per megawatt hour (MWh). In Spain, as she has pointed out, “it has been possible to reduce the volatility in the price of electricity and make it partly cheaper” with some of the measures adopted, such as tax cuts and the ‘Iberian solution’.

The countries of the European Union agreed in December to apply a ceiling of 180 euros per megawatt hour to imported gas. The mechanism will come into operation on February 1 and will be activated automatically as soon as the three set requirements are met: a price above 180 euros/MWh for three consecutive days and with a difference of 35 euros compared to other international markets. Once activated, the mechanism will apply for 20 days.

The Community limitation actually affects imports of natural gas whatever its use. While the Iberian mechanism impacts the price of gas used to produce electricity in combined cycle plants. In other words, initially the cap on European gas will not have an impact on the Spanish market, according to Jose María Camarero.

Price of light tomorrow by hours

The electricity tariff on the wholesale market directly influences the final cost that the consumer has to pay to start up their household appliances hour by hour:

Price of electricity tomorrow, Friday, January 13, hour by hour

  • cheapest hour
    from 04:00 to 05:00 hours, with 38.7 euros/MWh

  • most expensive hour
    from 8:00 p.m. to 9:00 p.m., with 154.7 euros/MWh

Therefore, tomorrow the cheapest hour will be unusable by private consumers, since it coincides with the section from four to five in the morning, with 38.7 euros/MWh. On the other hand, the most expensive hour is one more day from eight to nine, with 154.7 euros/MWh.

The effectiveness of the Iberian exception

The ‘Iberian mechanism’, which came into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering next winter, a period in which energy prices are more expensive. This mechanism was approved after the price of light reached a maximum of 700 euros per megawatt hour in March of this year. The so-called ‘Iberian exception’ sets a path for natural gas for electricity generation from a price of 40 euros/MWh in the initial six months, and subsequently, a monthly increase of five euros/MWh until the end of the measure.

The average price of electricity for regulated rate customers linked to the wholesale market was 212 euros/Mwh in 2022 until June 15 (before the entry into force of the gas cap), while in the rest of the year ( taking into account the calculation with this exceptional mechanism) the average price was 208 euros/MWh. If this measure had not existed, the average price of electricity between June 15 and December 31, 2022 would have been 256 euros/MWh, that is, 23% higher than what consumers have paid.

Ten tips to save on domestic energy

The prices of the ‘pool’ have a direct impact on the regulated tariff -the so-called PVPC-, to which almost 11 million consumers in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market . For this reason, one more day the price of electricity will vary significantly from hour to hour throughout the day again, depending on the tolls and charges established in each of the hourly bands of the electricity tariff.

One of the keys to saving is to use the eco mode of devices such as the dishwasher

Tips for household appliances that consume the most

In all homes we have large electrical consumption appliances. According to a study by the OCU, the household appliances that require the most energy are, in this order: dryer, dishwasher, refrigerator, washing machine and television. It is clear that in most of them there is not much room for savings since it is not possible to disconnect them.

What consumers can do is make the most of the capacity of the refrigerators and adjust the thermostat between 4 and 6º, and above all avoid that the door remains open for too long. When choosing its location, it is very important that the fridge is located away from the oven, a radiator or a sunny window or balcony.

Other tips that serve to save on the electricity bill are not leaving mobile chargers or headphones connected for longer than necessary, turning off devices that are not being used, not leaving the television on if it is not being watched, etc.

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