this average electricity price for regulated rate customers linked to the wholesale market Tuesday will increase by 1.53% compared to this MondayUp to EUR 303.07 per megawatt hour (MWh), according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
Electricity price for regulated tariff customers connected to the wholesale market has not exceeded 300 euro/MWh since last March 10The same week that the historical series record was broken with 544.98 euro/MWh on 8 March, a record that occurred within the framework of the upward spiral in gas prices due to the Russian occupation. Ukraine, at the end of February.
For PVPC customers, this price is the result of adding the average auction price in the wholesale market to the compensation that the request will pay to combined cycle power plants for the application of the ‘Iberian exemption’ to limit the gas price for electricity. generation.
At the auction, average electricity price in the wholesale market -the so-called ‘pool’- this Tuesday stands at 155.71 Euro/MWh, which is about 2 Euros less than this Monday price. (157.54 euro/MWh).
The maximum electricity price for this 12 July will be 21.6 Euro/MWh between 21:00 and 22:00, with a minimum of 123.55 Euro/MWh for the day between 04:00 and 05:00. .
To this price of the ‘Pool’ is added the 147.36 euro/MWh compensation payable to gas companies whether consumers benefiting from the measure, regulated rate (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
12.65% less
In the absence of an ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, The average price of electricity in Spain would be 347 Euro/MWh, This is around 44 Euro/MWh more than compensation to customers at the regulated rate and will therefore pay about 12.65% less on average.
In fact, in the absence of the Iberian mechanism, the electricity price this Tuesday would have been the tenth highest in a historical series.
Compared to a year ago, The electricity price for customers of the regulated rate for this Tuesday is 249.64% higher compared to 86.68 Euro/MWh on 12 July 2021.
The Iberian mechanism, which came into force on 15 June, limits the gas price for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter when energy prices are more expensive. .
Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation, with an increase of €40/MWh for the first six months and then €5/MWh monthly until the end of the measure.
Source: Informacion
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