The price of electricity fell 9.2% this Monday to 244.19 euro/MWh

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.

At the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – will be 145.35 Euro/MWh for this Monday. this Maximum price will register andBetween 10:00 and 23:00with 195 euro/MWh, minimum amount will be given between 110 euro/MWh for the day 11:00 and 12:00.

To this price of the ‘Pool’ is added the compensation of 98.84 Euro/MWh, which must be paid to gas companies, although consumers benefiting from the measure, regulated tariff (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.

26.5% less than applying averagingN 26.5%

Electricity price in Spain in absence of ‘Iberian exception’ mechanism that limits gas price for electricity generation on average it would be 332.44 euro/MWhThis is approximately 88.25 Euro/MWh more than compensation for regulated rate customers, thus paying 26.55% 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 exception’ specifies a route for natural gas to generate electricity at a price of 40 Euro/MWh in the first six months, and then, an increase of five euro/MWh per month until the end of the measure.