Average electricity price for customers with regulated rates based on the wholesale market this Friday will increase by 6.6% compared to Thursday, up to 162.18 Euros per megawatt hour (MWh).
Average price of light in the wholesale market, called the ‘pool’, at auctione will be at 141.39 euro/MWh this Friday. According to the temporary regulation, the maximum price will be recorded as 182.61 Euro/MWh between 20:00 and 21:00, and the minimum price will be recorded as 106.23 Euro/MWh between 4:00 and 5:00 for the day. Data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
To this ‘pool’ price is added compensation due to gas companies by consumers benefiting from the measure, regulated tariff (PVPC) consumers or those who, despite being in the free market, have an indexed tariff of 20.79 Euro/MWh on Friday.
23% less than applying the measure
In the absence of the ‘Iberian exception’ mechanism to meet the price of gas for electricity generation, The price of electricity in Spain will average around 210.88 euros/MWh, which is about 48.70 euros/MWh more than customers in the regulated tariff will pay on average 23% less.
The ‘Iberian mechanism’, which came into force on 15 June, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus, it covers the next winter period when energy prices are more expensive.
Specifically, ‘Iberian exception’, Natural gas for electricity generation at 40 Euro/MWh in the first six months A monthly increase of five euro/MWh until the end of the measure – until 15 December – and then.
Source: Informacion
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