Average electricity price for regulated rate customers connected to the wholesale market, 250 euros per megawatt hour (MWh), according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
Specifically, the price for PVPC customers, €251.19/MWhwhat it means minimum 0.3% reduction About this Saturday.
This price 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 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’– It will stand at 136.99 euro/MWh on Sunday. The maximum price will be recorded at 22.01 Euro/MWh between 22.00 and 23.00, with a minimum of 91.47 Euro/MWh for the day between 17.00 and 18.00.
To this price of the ‘Pool’ is added the compensation of 114.20 Euro/MWh, which must be paid to gas companies although consumers benefiting from the measure are regulated rate (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
10% less than applying the measure
In the absence of the ‘Iberian exemption’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain would average around 280.43 euro/MWh, which is about 29 euro/MWh more than compensation to customers. regulated rate, which so you will pay 10% less on average.
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 in the first six months and then five euros/MWh monthly until the end of the measure.
Source: Informacion
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