Average electricity price for regulated rate customers connected to the wholesale market It will increase by 18.8% on Monday, August 1 Regarding this Sunday, up to 235,32 euros Per megawatt hour (MWh) according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
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, the average price of electricity in the wholesale market, called the ‘pool’, stands at 147.43 Euro/MWh for this Monday.. The maximum price will be recorded at 165.09 Euro/MWh between 21.00 and 22.00, with a minimum of 123.72 Euro/MWh for the day between 10:00 and 11:00.
‘pool’ is added to this price 87.89 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 price of electricity in Spain will be around 286.19 Euro/MWh on average, which means around 50 Euro/MWh. Customers who will pay in this way, rather than compensation for regulated rate customers 17.7% 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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