THURSDAY, JULY 14
The maximum cost of electricity will be registered between 00:00 and 01:00, while the minimum will be between 23:00 and 24:00.
The price of electricity has skyrocketed in recent months. This has forced consumers to organize their daily lives to scratch a few euros off the receipt. For this reason, it is essential to check the hours of the day when it is cheaper to turn on the appliances.
Checking the daily rate is essential if we want to save when we turn on the air conditioning now that it’s hot, the washing machine or simply ironing.
The average price of electricity for regulated rate customers linked to the wholesale market will fall 1.46% on Thursday compared to this Wednesday, to 311.15 euros per megawatt hour (MWh), according to provisional data from the Operator of the Iberian Energy Market (OMIE).
Despite this decrease, the price of electricity for regulated rate customers linked to the wholesale market will thus remain above 300 euros/MWh for the fourth consecutive day, a figure not reached since last March, a month in which the record for the historical series was recorded and which took place on March 8 with 544.98 euros/MWh.
In the auction, the average price of electricity in the wholesale market -the so-called ‘pool’- stands at 162.22 euros/MWh for this Thursday, which is about 2.77 euros more than the price for yesterday (159 .45 euros/MWh).
The maximum price of electricity for this Thursday will be registered from 00:00 to 01:00 with 190 euros/MWh, while the minimum for the day, of 140 euros/MWh, will be given from 23:00 to 00:00.
To this price of the ‘pool’ is added the compensation of 148.93 euros/MWh to the gas companies that has to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, they have an indexed rate.
Compared to a year ago, the price of electricity for customers of the regulated rate for this Thursday is 268% more compared to 84.46 euros/MWh on July 14, 2021.
Tips to save on the bill
How much does it cost to put the air conditioning?
It depends on several factors. The electrical power tells us how much the device spends if it works for a whole hour, “but the air conditioner does not work exactly like that because it has a thermostat that turns on, off or reduces the power to maintain the programmed temperature as necessary,” warn experts in air conditioning. A trick to calculate the approximate consumption is to divide by two the sum of the minimum and maximum powers, which in our example would be 1 kilowatt hour. If we take as reference an average rate of 0.30 euros per kWh, the equation is simple. Keeping the air conditioning on four hours a day costs 36 euros a month.
“The difference between the temperature outside and the one programmed in the air conditioner has a significant effect on the electricity bill,” they warn at the OCU. In this sense, they advise to put the air on 8 degrees less than what the thermometer marks in the street. “For example, if it’s 33 degrees outside, set the thermostat to 25 instead of lowering the room temperature to 18. You’ll still have a significant level of comfort and it will cost less, plus the engine on the computer will wear less. In general, for each degree that you lower the temperature of the thermostat you will add 10% to the cost of running the device.
Another tip to save on your bill is to buy the right size kit. “If it’s too big, you could use more electricity than you need because the unit may be running short but frequent cycles to reach the desired temperature. If it’s too small, it’s going to have to work too hard to cool your house.”
How to save up to 20% energy at home
You can save energy in many ways, from a gesture as simple as turning off lights to installing solar panels at home. In Spain there is already a law so that in public places the heating does not exceed 21 degrees and the air conditioning is below 26. A gesture that we could also do at home.
Reducing speed on highways to 110 kilometers per hour was already launched in 2011 and allowed us to save 15% on fuel. Sharing a car, betting on public transport or cycling allow consumption to be reduced. Energy savings that also help improve our economy.
The appliances that consume the most
According to the OCU, the household appliances that consume the most energy are the refrigerator (662 kWh per year on average), the freezer (563 kWh), the television (263 kWh), the washing machine (255 kWh), the dryer (255 kWh) and the dishwasher (246 kWh).
The refrigerator and the freezer are two of the appliances that consume the most since they are connected all day. However, you can save some money by making the most of its volume, setting the thermostat between 4 and 6 degrees Celsius, and not leaving the door open for too long. It is best that the refrigerator is not located in the kitchen near the oven, a radiator or a sunny window.
Our electricity bill can be modified by changing the dishwasher program. According to the OCU, consumers can save up to 20% if they use an economic program (at 50 ºC instead of 60 ºC) and reserving the intense wash program only when the dishes are very dirty.
Contrary to what one might think, the half load program does not save much energy, so it is better to wait until the dishwasher is completely full before starting it.
Washer and dryer
To save on electricity consumption by putting the washer and dryer, it is advisable to use the coldest possible program in the washes, as well as the fastest spin. Also, if you are going to iron the clothes, it is advisable to finish the drying program before.
How many times do we leave the television on without even paying attention to it? This everyday gesture can make the electricity bill more expensive. On average, Spaniards spend more than three and a half hours a day in front of the small screen, which represents an energy consumption of up to 12%. To save money, the solution is not to turn off the television or leave it on ‘standby’, but to disconnect it when it is not being used. Otherwise, it can consume as much as a computer at full capacity even if it is not turned on.
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