The price of electricity is rising for the fourth consecutive day this Monday and is close to 300 Euro/MWh

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 request will pay to the combined cycle power plants for the application of the ‘Iberian exemption’ to limit the gas price for electricity generation.

Average price of electricity at auction wholesale market –the so-called ‘pool’– this Monday stands at 157.54.62 Euros/MWh, almost 20 Euros more than the price for this Sunday (138.62 Euros/MWh).

this maximum electricity price for this 11 July, 191.39 Euro/MWh will be recorded between 21:00 and 22:00, while a minimum of 135.06 Euro/MWh for the day will be between 03:00 and 04:00.

At this pricepool‘ add compensation Consumers benefiting from the measure are 140.95 Euro/MWh to gas companies, which must be paid by regulated rate (PVPC) consumers or by consumers with indexed rate despite being in the free market.

13% less than without measure

in the absence of mechanism ‘Iberian exception’ to limit the gas price for electricity generation, the electricity price in Spain would average 343 euros/MWh; this is approximately 45 euro/MWh more than compensation for customers of the regulated tariff. On average, you pay about 13% less.

Assume the electricity price for customers of the regulated rate for this Monday compared to a year ago 228% more compared to 90.7 Euro/MWh on 11 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.

Specifically, the ‘Iberian exception’ sets a path for natural gas to generate electricity. 40 €/MWh an increase of five Euro/MWh per month in the first six months and then until the end of the measure.