What is the cheapest and most expensive time?

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Consumers will have to be vigilant this Monday, July 10. There will be times when it will be more advisable to run the washing machine, iron or use the oven. Knowing which are the cheapest allows you to concentrate your spending and save on the bill at the end of the month. The average reference for the entire day in the wholesale market will be 109.92 euros per megawatt hour (MWh), according to the operator OMIE. Again, hour to hour there will be big differences. The wholesale market figures are reflected in the consumer's receipt. The most expensive time will be reached between  and  when the price of the bill will rise to   per kilowatt hour (kWh), according to data from Red. The cheapest hour, on the opposite side, will be recorded between 03:00 and 04:00, when the kilowatt hour will be paid at  euros. This is the hourly cost of electricity for this Monday at the regulated rate (PVPC, toll 2.0 TD), according to Red Eléctrica.

These figures already include the cost of the daily and intraday wholesale market, regularization services, financing, the cost of variable marketing, tolls and fees. It may also have other concepts such as payments for Job Function Email Database capacity, surpluses or deficits from renewable auctions and costs for interruptibility services.The prices of regulated bills are dynamic, indexed to the wholesale electricity market. Since hourly energy demand is the factor that determines the price of electricity each hour, the cost of electricity per hour varies constantly. Thus, with greater demand in peaks of cold - for heating - or heat - for air conditioning, for example -, prices rise. Additionally, it should be taken into account that costs such as adjustment services, marketing, tolls and charges, capacity payments or interruptibility costs, among others, may vary hourly.



Members will meet in Vilnius on Tuesday as the military alliance faces a critical moment. The big question is whether Türkiye will approve Sweden's accession. NATO Secretary General Jens Stoltenberg said last week that he was "within reach." US President Joe Biden will travel in hopes of increasing diplomatic pressure to reach a deal. In the UK, Chancellor Jeremy Hunt and Bank of England Governor Andrew Bailey will address business leaders at the annual Mansion House dinner. The economic challenges facing the UK will be highlighted when the Office for Budget Responsibility publishes its annual report on the fiscal risks and long-term sustainability of the nation's public finances. The first sign of the hit to U.S. banking from this year's financial turmoil will come with this week's earnings reports: Citigroup, JPMorgan Chase and Wells Fargo will report on Friday. They are set to take a hit in lending, while investment banking will also likely be a drag.