The average electricity price will increase this Saturday for customers with regulated rates based on the wholesale market. 34.36 euros per megawatt hour (MWh), This represents an increase of 62.7% compared to this Friday, when it reached the minimum level since May 2021 at 21.12 Euro/MWh.
In this way, the price of light rises for the first time in six daysdespite recording the second lowest price of the month after the minimum it marked this Friday.
One year ago, average electricity price on 24 December 2021 311.02 Euro/MWh.
At auction, the average price of light in the wholesale market — the so-called ‘swimming pool‘– 36.41 euro/MWh for this Saturday. According to the temporary arrangement, the maximum price will be 106.48 Euro/MWh between 18:00 and 19:00, and the minimum price will be 20.10 Euro/MWh between 23:00 and 12:00. Data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
To this ‘pool’ price is added: compensation to gas companiesConsumers benefiting from the measure are at negative levels for this Saturday, -2.05 Euro/MWh, which should be paid by regulated rate (PVPC) consumers or consumers with indexed rate despite being in the free market.
65% less
In the absence of an ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the electricity price in Spain is on average about €98.94/MWhthis is approximately 64.58 Euro/MWh more than the compensation of customers in the regulated tariff who will pay 65.27% less on average.
‘Iberian mechanismThe ”’, which came into effect on 15 June, limits the gas price for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering the coming winter, a period when energy prices are more expensive.
Specifically, the ‘Iberian exception’ specifies a path for natural gas to generate electricity from 1000000000000000000000000000000000000000000000000000. €40/MWh an increase of five euros/MWh per month in the first six months and then until the end of the measure.
Source: Informacion
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