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    Electricity prices: these are the cheapest and most expensive hours on Thursday, January 27th.


    January 27, 2022 - CE Noticias Financieras

     

      The price of electricity is one of the biggest problems for Spaniards. Throughout the past year, Spain has experienced several increases in the cost per megawatt hour, to the point of reaching a price of more than 300 euros. This exponential growth of electricity has been generated as a result of a global supply crisis caused by various factors such as gas consumption.this runaway rise has caused more and more consumers to seek economic alternatives or new methods in order to achieve savings in the electricity bill at the end of the month.on Thursday, January 27 the price of electricity will remain high. The different factors that have led to this increase are still present and will not be an exception today.The cheapest hour: will be at 18:00 hours with a cost of 0.285 E/kWh affecting the entire Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla. The most expensive hour: it will be at 19:00 hours with a cost of 0.408 E/kWh affecting the whole Peninsula, Balearic Islands, Canary Islands, Ceuta and Melilla. The electricity bill is calculated using two prices, the one paid for the contracted power and the price resulting from the kilowatts consumed during the month, which also depends on the type of contracted bill, which differentiates three types of sections depending on the time of day. Firstly, there is the peak hour segment, which is the time of day when the price of electricity is most expensive. On the other hand, the so-called "off-peak" periods are those hours when it is cheaper to run a washing machine or dishwasher. On the other hand, the "peak" hours increase the price of electricity considerably compared to the previous period, which has led to a certain lack of control for the general population. Those who do not have an agreed tariff with their distributor suffer price changes depending on the time of day.

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