Crosmando: I think this is because the update is scheduled?
The only schedule you can set up is a bandwidth limit during certain hours. It's not possible to cap the speed at 0, so this setting shouldn't matter in this case. You can see if unchecking "Pause downloads when playing" makes a difference. That's under
Cogwheel - Settings - Installing, updating as well.
Also check your individual game settings under "More" button (next to Play button) - Manage Installation - Configure - Installation. Double-check that auto-updates isn't unchecked there.