24-hour tariff vs. market price: Which saves you more?

Choosing between a fixed tariff and one indexed to the market is the most common dilemma when signing up for electricity. The 24-hour tariff is ideal for those seeking complete peace of mind: you pay the same price per kilowatt, whether you run the washing machine at ten in the morning or three in the afternoon. It’s the perfect option for households that don’t want to watch the clock.

On the other hand, the Market Price Tariff lets you pay for electricity at the actual wholesale market price. This means that, if you can shift your highest consumption to times when electricity is cheapest (usually at night or at weekends), your savings could be significantly higher. It’s a flexible option for those seeking the most competitive price possible.

So, which is best for you? The answer depends on your habits. If you spend a lot of time at home and your consumption is steady throughout the day, the 24-hour tariff protects you from market price rises. But if your business or household has peaks in consumption at night, the index-linked tariff allows you to take advantage of falls in market prices.

At Olé Energía, we don’t make you choose blindly. We analyse your energy usage profile and recommend the option that will really make a difference to your pocket. Whichever option you choose, you’ll always enjoy green energy and customer service in your own language, without any complicated jargon.