By John Ensor • Published: 06 May 2024 • 22:18
How to lower electricity expenses. Credit: Michaela Jilkova/Shutterstock.com
Could you be missing a chance to cut your energy bills? By taking note of the hourly rates there is a great opportunity to make savings.
On Tuesday, May 7 , electricity prices are set to drop significantly for consumers on the regulated tariff, with several hours marked at zero euros.
Over two million consumers linked to this tariff will benefit from a substantial 12.07 per cent decrease in prices compared to today. Experts consistently suggest timing heavy appliance use—like washing machines and ovens—during these lower-cost hours as a savvy way to reduce monthly bills.
The Market Operator Iberico de Energia (OMIE) has announced the fluctuating electricity rates for Tuesday. The peak rate will reach €99.87/MWh between 7:00 am and 8:00 am, making it the most expensive hour.
Conversely, the rate will fall to €0 from 12:00 pm to 7:00 pm, offering seven consecutive hours of no-cost electricity—a perfect window to run power-hungry household appliances.
Tuesday, May 7
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Originally from Doncaster, Yorkshire, John now lives in Galicia, Northern Spain with his wife Nina. He is passionate about news, music, cycling and animals.
Utter disinformation – listen to Spanish state radio, or search on Google. You can never save with these pooled prices, they’re always averaged out, and you’ll always have to pay for the standing charges + other odds and ends. These articles are sheer nonsense.
Thank you For the update.
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