The price of electricity rose 25% this Sunday to 134.67 euros

Average electricity price for regulated rate customers connected to the wholesale market this market will increase by 24.9% until this saturday €134.67 per megawatt hour (MWh)According to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

At the auction, the average electricity price in the wholesale market – the so-called ‘pool’ – will stand at 131.69 euro/MWh this Sunday. The maximum price will be recorded at 170.23 Euro/MWh between 19.00 and 20.00, with a minimum of 101.56 Euro/MWh for the day between 14.00 and 15.00.

‘pool’ is added to this price 2.98 euro/MWh compensation to gas companiesConsumers who are beneficiaries of the measure, consumers of the regulated rate (PVPC), or consumers who have an indexed rate despite being in the free market or who have to renew their contract.

In the absence of the ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain will be around 148.05 Euro/MWh on average, which means around 13.38 euro/MWh more Thus, more than compensation for regulated rate customers who will pay 9% less on average.

The ‘Iberian mechanism’, which came into effect on 15 June, limits the gas price for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter when energy prices rise. it is more expensive.

Specifically, the ‘Iberian exemption’ sets a path for natural gas to generate electricity at a price of 40 euros/MWh in the first six months – until 15 December – followed by a monthly increase of five euros/MWh until the end of the year . measurement.

Source: Informacion

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