Electricity rose 9% to 301 Euro/MWh this Friday

this average electricity price for regulated rate customers linked to the wholesale market will increase 9.04% this Friday Up to €301.31 per megawatt hour (MWh) compared to this Thursday, according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

This price is the result of adding the average of the wholesale market auction 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.

In the auction, the average price of electricity in the wholesale market called ‘pool’ was determined. stuck at 158.25 euro/MWh for this Friday. The maximum price will be recorded at 182.78 Euro/MWh between 21:00 and 22:00, with a minimum of 124.69 Euro/MWh for the day between 16:00 and 17:00.

To this ‘pool’ price is added a compensation of 143.06 Euro/MWh, which must be paid to gas companies by consumers benefiting from the measure, consumers of gas companies. regulated rate (PVPC) or those with an indexed rate despite being on the free market.

11% less than applying the average

In the absence of the mechanism ‘Iberian exception’ to limit the gas price for electricity generation, the electricity price in Spain will average 338.72 euros/MWh; this is approximately 37 euro/MWh more than compensation for customers of the regulated tariff. % less on average.

The ‘Iberian mechanism’, which came into force on 15 June, Limits gas price for electricity generation to an average of 48.8 Euros per MWh for a period of twelve months, thus covering the next winter when energy prices are more expensive.

Specifically, the ‘Iberian exemption’ sets a path for natural gas for electricity generation at a price of 40 euros/MWh in the first six months, followed by an increase of five euros/MWh per month until the end of the measure.

Source: Informacion

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