The price of electricity fell 4.56% this Sunday to 170 Euro/MWh.

This average price electricity in the wholesale market will fall this market 4.56% compared to this Saturday and below 200 euros per megawatt hour (MWh).

Specifically, the average price of the ‘pool’ for this Sunday 170.56 €/MWh, therefore, according to data released by the Iberian Energy Market Operator (OMIE), it will be around 7 euro cheaper compared to 178.01 euro/MWh this Saturday.

So the price of electricity this Sunday Will be below 200 euro/MWh after Friday’s recovery and it will be the lowest price since last May 15th. In this sense, it should be noted that the ‘pool’ price usually falls on weekends due to reduced demand.

The maximum electricity price for this Saturday will be between 21:00 and 22:00. With 227.90 euro/MWh, a minimum of 101.40 euro/MWh will be recorded for the day. Between 14:00 and 15:00

Average electricity price this Saturday compared to a year ago It will be 156.83% more expensive than 66.41 Euro/MWh on 22 May 2021.

This pool prices They have a direct impact on the regulated rate – the so-called PVPC – at which nearly 11 million households in the country are covered, and serve as a benchmark for the other 17 million who are shrinking their supply in the free market.

In fact, the National Markets and Competition Commission (CNMC) in 2021, within the framework of the upside spiral of energy, About 1.25 million people switched from PVPC to a fixed-price free market ratio.

gasmask

This Official State Gazette (BOE) It will cover next winter, by issuing the Royal Decree last Saturday, establishing the mechanism to limit the gas price for electricity generation to an average of 48.8 euros/hour (MWh) over a twelve-month period. prices are more expensive.

However, the mechanism awaits the approval of the Decree, although it is published as a Royal Decree. Official decision of Brussels and to be initialed by order of the minister for application.

The price of the ‘Pool’ will decrease by around 38% compared to its average price, from 210 Euros per megawatt hour (MWh) marked around 130 Euro/MWh during the first quarter of this year. In this way, the only electricity that consumers will pay at the expense of gas will be electricity produced in gas power plants.

Thus, the measure will help contain rising prices and inflation and, above all, act as a firewall against gas price volatility caused by the war in Ukraine, while also facilitating regulated tariff reform – namely – PVPC – on the futures market price containing references.

Source: Informacion

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