Electricity fell 1.5% this Thursday to 182.67 Euro/MWh

Special, average electricity price it will stop at 182.67 euro/MWh this Thursdaythat is, 2.78 euros cheaper than this Wednesday price (185.45 euros), according to data published by the Iberian Energy Market Operator (OMIE) and collected by Europa Press.

Thus, on Thursday, June 9, the maximum electricity price will be recorded as 215.71 Euro/MWh between 08:00 and 09:00, and the minimum for the day is 154.37 Euro/MWh. 16:00 and 17:00

Average electricity price this Thursday compared to a year ago 123.86% more expensive More than 81.6 Euro/MWh on 9 June 2021.

‘Pool’ prices have a direct impact on the regulated rate — the so-called PVPC — at which approximately 11 million households are covered in the country and serve as a benchmark for the other 17 million contracted. 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, in the framework of the energy upside spiral.

Gas cap awaiting approval

In mid-May, the Official State Gazette (BOE) published the Royal Decree establishing this mechanism. limit the price of gas for electricity generation an average of 48.8 euros per megawatt-hour (MWh) over a twelve-month period, thus covering the coming 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.

The government calculates 15.3% discount for electricity consumers The average covered by the PVPC-regulated rate over the 12-month period after the application of the approved cap for electricity generation from natural gas, as indicated in the impact report accompanying the decree law and to which Europa Press has access.

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

Despite this, the Minister of Ecological Transition and Demographic Struggle, Theresa RiveraHe acknowledged there was some “uncertainty” in calculating the exact fall in the price of electricity once the gas cap for electricity generation comes into effect, but argues that the Executive’s forecast is that it will fluctuate between 15% and 20%.