How to find out on which day of the week you use more electricity and energy

The cost of electricity depends on many factors, including the three new price time bands that you really should know about.

In times of economic uncertainty there is a question many people ask themselves: How can I save?

At this point, almost everyone knows that by consuming the same amount of electricity at a different time it is possible to spend more or less. The fact is that the price relating to consumption is not evenly distributed over all the time bands.

On certain days and at certain times during the week the demand for electricity increases, while at other times it decreases. For example, the demand for electricity is much higher during the day than at night. The reason for this is quite simple: During working hours, shops, offices and factories remain open and consume a lot of electricity. Whilst, the demand for electricity decreases at night and during public holidays, when all commercial and economic activities slow down.

It is logical that this should also affect the price of electricity. That is why, by adapting to the change in tariffs during the different time bands you will be able to save and cut costs in your electricity bill

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What does the price of electricity depend on?

Electricity is invoiced by calculating the kWh consumed by the user at the applicable price. However, it is not quite so simple, as there are several components within the bill, each of which has a price that depends on external factors. The first factor is raw materials, the abundance or scarcity of which may depend on geopolitical conditions.

Not surprisingly, for a long time Europe has been seeking greater energy independence by reducing imports of hydrocarbons (gas and oil) from abroad. This is an objective that requires large-scale investment that end up being reflected in the citizens' bills.

The strong growth in renewable sources particularly affects energy production costs.

These sources also depend on certain climatic conditions that may increase or decrease their availability and consequently alter their price. Having said this, the energy used by consumers is usually a blend of all sources, so the final price is also the sum of all these factors. Finally, other elements that affect the price of the electricity bill are energy taxes and climate.

 

The different time bands

In Spain there are two different energy markets:

  • The free market, where the kWh costs what is confirmed in the contract signed by the user with the suppliers in the country, for which there are a number of plans and offers.
  • The regulated market, where the price depends on supply and demand. The suppliers take part in bids in which a different price is set for each hour of each day, without the possibility of this being anticipated.

When demand is at a peak, the price is more expensive. That is why Saturday and Sunday are the days with the lowest tariffs. The new feature is that, starting in June 2021, there will only be one access tariff: 2.0TD. A system based on three price bands will be implemented, these will differ depending on the time and on the day.

From Monday to Friday, there will be 3 time bands: peak, standard and off-peak. Consumption in off-peak hours will be much cheaper, practically half, coinciding with the time when there is less activity: From 12 midnight to 8am. Electricity will be most expensive during the peak hours: 10am to 2pm and 6pm to 10pm. Then there will be an intermediate price from 2pm to 6pm, which is very useful for those who cannot use the washing machine very early in the morning.

The 24 hours of the day on Saturday and Sunday will be off-peak hours, with no separate time bands. The same goes for national public holidays with a fixed date. For example, 6 December and 1 May.

How the costs are distributed

The average annual consumption of electricity per household in Spain is 3,487 kWh, with the single-family homes using much more energy, with an estimated consumption of 3,754 kWh compared to the 3,373 kWh for those living in flats. Of course, average consumption also depends on the number of people living in a household and their geographical location.

With regard to how energy expenditure is distributed, there can be a great difference if the heating is gas or electric. In the latter case, that would be the main item, responsible for more than half of the total expenditure. The same can be said for the cooker on whether it is gas, a ceramic hob or induction. 

So, average expenditure is distributed as follows: Heating (7.4%), domestic hot water (7.5%), cooker (9.3%), fridge/freezer (2.3%), lighting (11.7%), domestic appliances (55.2%), standby (6.6%). These are the domestic appliances that consume to most: Refrigerators (22.4%), freezers (19.1%), washing machines (8.6%), dishwashers (8.3%), dryers (8.6%), cooker (7.8%), TV (8.9%), computers (5.8%), standby (7.8%), others (2.6%).

 

How to plan expenses

Knowing how much energy they use enables users to concentrate the use of appliances that consume more electricity at certain times of the day. This enables domestic consumption to be organised and as a result a very effective savings plan can be established that will be reflected in the electricity bill.

You should also consider how much can be saved by switching off devices that are kept on standby, such as the TV. This consumption is called phantom consumption.

All this data can be crosschecked with our daily habits to know when we use more electricity during the week and why. This is how we can develop a programme to adapt daily consumption to the best tariffs. For example, a family may try to do all the washing over the weekend. Ironing is an activity that can be done in the intermediate time band from 2pm to 6pm and the heating in the bathroom can be turned on without worries before 8am, while we shower before going to work or school. Of course, in times of telecommuting and remote school the tariffs will need to be looked at very carefully.

Comparison of Electricity and Gas Tariffs

You don't need to adapt to Endesa's tariffs because they adapt to you. If you go to our catalogue you can compare the different tariffs for yourself. Or if you prefer, you can answer a few questions about your consumption habits and we will take care of comparing all the different electricity and gas tariffs and then make a customised recommendation.

Do you want to see all our offers?
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