this average electricity price It will drop 23.38% on Tuesday for regulated rate customers tied to the wholesale market. According to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press, this is up to €112.19 per megawatt hour (MWh) compared to Monday.
At the auction, most average electricity price in the wholesale market – the so-called ‘pool’ – this Tuesday it will be 109.66 euro/MWh. The maximum price will be recorded at 154.8 Euro/MWh between 21:00 and 22:00, with a minimum of 87 Euro/MWh for the day between 05:00 and 07:00.
To this ‘pool’ price is added compensation of 2.53 Euro/MWh due to consumers benefiting from the measure, regulated tariff (PVPC) consumers, or gas companies, although in the tariff. in the free market, they have an indexed rate or they need to renew their contracts.
21.4% less than applying the measure
In the absence of an Iberian exemption mechanism to limit the price of gas for electricity generation, The average price of electricity in Spain will be 142.79 Euro/MWh.This is approximately 30.6 Euro/MWh more than compensation for regulated rate customers, thus paying 21.4% 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 exception set a path for natural gas for electricity generation 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 measurement is complete. .
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.