The light rate varies constantly. In Spain, it is calculated daily through a process that combines auctions in the wholesale market and term negotiated prices that the standing consumer is quite complicated to understand.
Therefore, in this article we are going to easily explain how that price is calculated and how to consult a price comparator Light Rate today is the best option to identify the moments in which electricity is cheaper. With the advice we are going to give you, in addition, you will be able to adapt your light consumption at that time.
How the price of light is calculated
The process by which the daily price of light is determined is not easy to understand. Basically, every day, energy producers have sale offers based on what it has cost to generate electricity. On the other hand, buyers - which are the companies marketing electricity - make their purchase offers.
Through an algorithm that crosses supply and demand every 15 minutes, the marginal price of electricity is set. Prices also adjust adding regulated costs, such as taxes, incentives to renewable energies, and so on. That is why the price of light is so volatile and constantly changes.
There are a number of factors that affect the daily price of light. For example, supply and demand, as in any market. If the electricity demand is high and the scarce supply, for example, because a cold wave is taking place, as the price rises.
Climate conditions also influence energy generation because, for example, renewables depend on the weather, and that also vary prices. The same goes for seasonality, because in winter and summer more energy is consumed and, therefore, the price of electricity is usually greater.
How to know when the Light Rate is cheaper
As the price of light varies constantly, and the process by which it is set depends on so many factors, it may be difficult to know the amounts updated.
If you have a regulated rate (PVPC) you can consult official platforms such as Electrica Red of Spain or the OMIE, which publish the hour per hour.
You can also use specialized web pages or online comparators that show the cheapest time of the day and allow planning domestic consumption to save.
If you do not want to depend on schedules, then the best thing you can do is opt for a flat or fixed price rate, although they are usually somewhat more expensive than regulated rates if you know how to take advantage of the time discrimination system and when the price of electricity is cheaper.
How to adapt consumption to when the price is cheaper
Therefore, if you have a regulated rate, it is important that you know the price of electricity at all times to adapt your consumption and not pay more. Follow, for example, these tips:
-Consultation every day the rate in a specialized comparator or on the website of your marketer company to know when the price of light is cheaper.
-Prove those moments to program large appliances (washing machine, dishwasher, dryer) at the most economical schedule (also called "Valle") whenever possible.
-I also employ the hours of “plain” consumption (average cost) and limits to the extent your consumption in the highest price hours (tip).
-Rera for sources with real -time information will allow you to know when it is better to consume electricity to save and you can understand why the price of light varies every day. This will allow you to plan domestic consumption to reduce the invoice throughout the year.
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