The price of electricity will fall by 5.5% to 276.39 euros this Friday

Average electricity price for regulated rate customers connected to the wholesale market Friday will drop 5.5% from this Thursdayafter the increases of the last days, 276,39 € Per megawatt hour (MWh) according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

As a result of this price add the average auction price in the wholesale market to the compensation that demand will pay to the combined cycle power plants For the ‘Iberian exception’ application to limit the price of gas for electricity generation.

At the auction, The average electricity price in the wholesale market, called the ‘pool’, was 141.51 euro/MWh on Friday.. The maximum price will be recorded at 161 euro/MWh at the first hour of the day, while the minimum for the day will be 119 euro/MWh between 19.00 and 20.00.

‘pool’ is added to this price 134.88 euro/MWh compensation to gas companies Amounts payable by consumers benefiting from the measure, regulated rate (PVPC) consumers, or those with an indexed rate despite being in the free market.

In the absence of an ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, The average price of electricity in Spain will be 328.14 Euro/MWh, what do some mean 52 €/MWh more Hence, more than compensation for regulated rate customers who will pay about 16% 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. .

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

Source: Informacion

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