The price of electricity rose to 214.74 euros this Thursday

this average electricity price wholesale market to recover 2% on Thursday Compared to this Wednesday, it is consolidating above 210 euros per megawatt hour (MWh), reaching its highest level since last April 29.

Specifically, according to data released and collected by the Iberian Energy Market Operator (OMIE), the average electricity price this Thursday will be 214.74 euros/MWh, approximately 4.29 euros more expensive than this Wednesday price (210.45 euros). European Press.

a) Yes, On this second day of June, the maximum electricity price will be recorded at 256.46 Euro/MWh between 22:00 and 23:00.The daily minimum value of 171.85 euro/MWh will occur between 16:00 and 17:00.

Compared to a year ago, the average electricity price for this Thursday will be 153% more expensive than 84.85 Euro/MWh on 2 June 2021.

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

In fact, the National Markets and Competition Commission (CNMC) confirmed that in 2021, around 1.25 million people switched from PVPC to a free market rate at a fixed price, within the framework of the energy’s upward spiral.

On 14 May the Official State Gazette (BOE) published the Royal Decree establishing this mechanism.limiting the gas price for electricity generation to an average of 48.8 euros per megawatt hour (MWh) for a period of twelve months, thus covering the next winter when energy prices are more expensive.

However, the mechanism, although published as a Royal Decree, awaits the official decision of Brussels and will be initialed by the Ecological Transition order for its implementation.

this In its calculations, the government limits the discount to the average electricity consumer covered by the regulated rate to 15.3%. PVPC during the 12-month implementation of the approved cap for electricity generation from natural gas, as outlined in the impact report accompanying the executive order and to which Europa Press has access.

For the industrial consumer who is fully exposed to the spot price, the Government estimates between 18% and 20% reduction in bill emitted in the first month of the mechanism between 15% and 17% and between 13% and 15% in 2018. latter.

Even so, Teresa Ribera, Minister for the Ecological Transition and Demographic Challenge, acknowledged on Monday that there is some “uncertainty” in calculating the exact fall in the price of electricity once the gas cap for electricity generation comes into effect. however, he claims the Executive’s forecast is to fluctuate between 15% and 20%.

Source: Informacion

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