He average price of electricity today, Wednesday, January 8, 2025, is 98.92 euros per megawatt hour (€/MWh)according to data obtained by the Iberian Energy Market Operator (OMIE). In this way, the streak of declines is broken, so it rises again by 18.55%, which is equivalent to an increase of 15.49 euros if we compare it with the price recorded this Tuesday, set at 83.43 euros/MWh.
Just one year ago, on January 8, 2024, the price of electricity reached 105.51 euros/MWhwhich means that, for the first time in several weeks, the current cost is lower than a year ago. In percentage terms, this represents a decrease in 6.23%but that translated into the pockets of consumers means some 6.59 euros less.
When is electricity cheaper today, Wednesday?
The cheapest hour of light it will be at dawn, 04:00 to 05:00 hourswhen it will have a price of 53 euros/MWh. In fact, the cheapest hours will be at night, which will make it necessary to wait from 2:00 p.m. to 3:00 p.m. to be able to find a rate of 88.81 euros/MWh.
When is electricity most expensive?
He higher price of electricity will be registered in the morning, between 08:00 and 09:00 hourswith a cost of 135.01 euros/MWh. The next time slot to avoid will be in the evening, between 7:00 p.m. and 8:00 p.m., with a price of 131 euros/MWh.
Price of electricity per hour, January 8, 2025
The high cost of electricity does not seem to give any respite at the beginning of 2025 and is once again approaching the barrier of 100 euros/MWh. Furthermore, the cheapest hours will be concentrated at dawn, so it will be especially important to concentrate consumption in other economic bands, easier to take advantage of, taking a look at the price of electricity per hour.
To avoid bill shocks and control electricity costs, the safest thing to do is to consult the price of electricity hour by hourinformation that can be consulted in the following list:
- From 00:00 to 01:00: 74.23 euros/MWh
- From 01:00 to 02:00: 69.5 euros/MWh
- From 02:00 to 03:00: 59.97 euros/MWh
- From 03:00 to 04:00: 53.0 euros/MWh
- From 04:00 to 05:00: 59.52 euros/MWh
- From 05:00 to 06:00: 70.2 euros/MWh
- From 06:00 to 07:00: 97.41 euros/MWh
- From 07:00 to 08:00: 124.39 euros/MWh
- From 08:00 to 09:00: 135.01 euros/MWh
- From 09:00 to 10:00: 130.01 euros/MWh
- From 10:00 to 11:00: 108.8 euros/MWh
- From 11:00 to 12:00: 104.46 euros/MWh
- From 12:00 to 13:00: 97.57 euros/MWh
- From 1:00 p.m. to 2:00 p.m.: 90.79 euros/MWh
- From 2:00 p.m. to 3:00 p.m.: 88.81 euros/MWh
- From 3:00 p.m. to 4:00 p.m.: 90.01 euros/MWh
- From 16:00 to 17:00: 105.48 euros/MWh
- From 17:00 to 18:00: 113.75 euros/MWh
- From 18:00 to 19:00: 122.0 euros/MWh
- From 19:00 to 20:00: 131.0 euros/MWh
- From 20:00 to 21:00: 124.81 euros/MWh
- From 9:00 p.m. to 10:00 p.m.: 112.66 euros/MWh
- From 22:00 to 23:00: 111.9 euros/MWh
- From 23:00 to 24:00: 98.77 euros/MWh