Electricity Prices for Wednesday, February 14, 2024: When to Use Appliances to Save Money
The cost of electricity is a common concern in 2024, as many Spaniards struggle with high electricity bills. However, there is good news for today’s electricity prices. The price of electricity for Wednesday, February 14, 2024, has experienced a new decrease, reaching 59.57 euros per megawatt-hour (euros/MWh), according to data disclosed by the Iberian Energy Market Operator (OMIE). This represents a slight decrease from the price recorded on Tuesday, which stood at 62.72 euros.
Consumers who have a regulated or indexed tariff in the free market (PVPC) should carefully examine the cheapest and most expensive hours of electricity.
The cheapest electricity rate for Wednesday will be presented between 2 and 3 p.m., with a cost of 39.88 euros per megawatt-hour (euros/MWh). Other more affordable time slots also appear in the middle of the day.
However, the maximum cost of electricity will be recorded between 8:00 and 9:00 hours, reaching 85.16 euros per megawatt-hour (euros/MWh). It is advisable to avoid using appliances during these expensive hours as much as possible.
If you want to know the hourly electricity prices on Wednesday, February 14, 2024, the detailed breakdown is provided below to help organize your day and the use of appliances. The price is still high in 2024, and it seems that it will continue to increase, so following some advice on electricity saving is recommended to be able to face the next payments without any inconvenience.