Is electricity cheaper at night UK Eon?

What time is the cheapest electricity in Argentina 2021

Check the price of electricity (kWh) today. We update all prices every day so that you always know the price of electricity hour by hour. Discover the free market rates with the cheapest price per kWh of electricity.

The price of electricity in the regulated market is based on the daily energy market, where the offers of the generating companies for each hour of the day converge with the purchase offers by the marketers.

The price per kWh of electricity in the electricity market is higher in periods of higher consumption, so the electricity bill is usually higher in the winter and summer seasons as consumers cool and heat their homes to a greater extent.

If the consumer has the PVPC tariff, he/she can apply for the Bono Social de luz. This discount is a State aid for those users considered economically vulnerable. It consists of a 25%, 40% and 100% reduction on the electricity bill.

Likewise, any person benefiting from the Bono Social de la luz will be able to do the same with the Bono Social térmico. This aid is focused on those consumers who have heating in their homes, regardless of the energy used.

Electricity price developments in Spain and the UK

Today’s price, however, will be the third cheapest price recorded during the month of December. This is due to a drastic rise in gas prices, a key fuel in mainland electricity generation, which has kept the price of electricity above 100 euros for months.

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The price will rise in the rest of the region in a similar way, with the exceptions of the United Kingdom, where it will soar to around 202.98 euros/MWh and Italy, where it will reach 196.40 euros/mwh. In Germany and France it will be 104.23 and 101.64 euros/mwh respectively.

Food in the United Kingdom

The most expensive hours, in which consumers with regulated tariffs will have to avoid the highest consumption, will be between 20.00 and 21.00, with 221 euros per megawatt hour, in what will be the most expensive night in history. The figure will be very similar slightly earlier, between 19.00 and 20.00 (219.93 euros), and just after, between 21.00 and 22.00 (220.02 euros).

September closes as the most expensive monthThe price will also remain above 200 euros between 07.00 and 11.00. The perfect storm of rising raw materials, especially due to the international price of gas and CO2 emission rights, and the lower contribution of renewables will leave references for the nighttime peak consumption periods never seen before.

Thus, the cheapest hours will be concentrated in the early morning, with the lowest price between 02.00 and 04.00, at 145 euros per megawatt hour. From there it will increase slightly to the maximums of the rest of the day.

The market remains close to record highs and puts pressure on household bills, minimizing the impact of the Executive’s measures, such as the reduction of VAT to 10%, the reduction of the electricity tax from 5% to 0.5% or the temporary suspension of the 7% tax on electricity generation. To this will be added a contribution of 2,600 million euros from the electricity companies from the so-called “windfall profits” received by the cheapest technologies as they benefit from the price system set by the most expensive ones in the marginal system.

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Ofgem chief executive Jonathan Brearley told the BBC, “The reason why the price cap is going up is that there has been a record increase in energy prices across the board, not just for gas and electricity, but also for petrol and diesel.”

Thus, he urged customers to shop around for the best rates, saying that big savings can be made by switching suppliers. “You don’t have to live with this tariff. The price cap is a backup. We encourage all customers, especially those who are struggling to pay their bills, to contact their supplier and have access to a wide range of help and support,” he said.

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Is electricity cheaper at night UK Eon?
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