Home Latest News The price of electricity rose 24% this Friday to 231.25 euros/MWh

The price of electricity rose 24% this Friday to 231.25 euros/MWh

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Average electricity price for regulated rate customers, wholesale market This Friday will increase by 24.17% compared to this Thursday to €231.25 per megawatt hour (MWh), according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

This price is for customers PVPC It is the result of adding the average auction price in the wholesale market to the compensation that the demand will pay to the combined cycle power plants. ‘Iberian exception‘ to limit the price of gas for electricity generation.

Average price of electricity at auction wholesale market –the so-called ‘pool’– this Friday at 146.73 euro/MWh, it will be 22.5 euro more than this Thursday’s price (124.2 euro/MWh).

Maximum electricity price for this 8 July, 169.12 Euro/MWh will be recorded between 21:00 and 23:00 and the minimum 120.89 Euro/MWh for the day will be between 03:00 and 04:00.

Price is added to this ‘pool’ compensation Compared to 62.04 Euro/MWh recorded for this Thursday, 84.52 Euro/MWh to gas companies (a figure that is still tentative and often imprecise, affecting percentage changes in price) ) or consumers with an indexed rate despite being in the free market.

33% less than unmeasured

In the absence of the ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain would average 345.17 euro/MWh, which represents some amount. €114/MWh For regulated rate customers, they will pay more than compensation, so on average about 33% less.

Electricity price for consumers compared to a year ago regulated rate This represents 147.2% more for Friday compared to 93.67 Euro/MWh on 8 July 2021.

The Iberian mechanism, which came into force on 15 June, gas price for electricity generation at an average of 48.8 Euros per MWh over a twelve-month period, thus covering next winter, a period when energy prices are more expensive.

especially, ‘Iberian exception’ It determines the route of natural gas for electricity generation at a price of 40 euros/MWh in the first six months, followed by an increase of five euros/MWh per month until the end of the measure.

The decline will begin to be noticed in July

According to the evidence in memory, the Government, in its calculations, limited the reduction in the average electricity consumer’s bill covered by the PVPC regulated rate to 15.3% during the 12-month period after the application of the approved cap for electricity generation from natural gas. the accompanying effect decree law and that Europa Press has access to.

For the industrial consumer who is fully exposed to the price’stainThe government estimated a reduction of 18% to 20%, oscillating between 15% and 17% in the first month of the mechanism and 13% to 15% in the last month.

Teresa Ribera, Third Vice-President and Minister for Ecological Transition and Demographic Struggle, confirmed last Tuesday that consumers will start noticing the reduction in their electricity bills due to measures taken by the Government, such as lowering the freight tax. and the gas cap for electricity generation on the July bill.

“The first receipt to come to our homes since the increase in the tax cut and the creation of the gas ceiling will be in July. What would have happened without these measures, I’m talking about a relative discount. Absolutely, a smaller discount for those with a PVPC rate (in the regulated market) and a PVPC rate for those with a PVPC rate. a more substantial discount can be generated. free market”said Ribera.

‘Pool’ prices have a direct impact on the nearly identical regulated rate — the so-called PVPC. 11 million homes It serves as a benchmark for the other 17 million who are shrinking their supply in the country and in the free market.

In fact, in 2021, the National Markets and Competition Commission (CNMC) up spiral about 1.25 million people switched from PVPC to a free market rate at a fixed price.

Source: Informacion

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