Average electricity price for regulated rate customers connected to the wholesale market this monday will increase 25.9% compared to this sundayUp to €242.29 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 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.
Like this, price rises again after four consecutive days of declineWhen it averaged €476.39/MWh on Wednesday, it’s still the highest value and the second highest price in Turkey since the ‘Iberian exception’ came into effect, though still far from the maximums at the beginning of last week. For regulated rate customers tied to the wholesale market, the past was just behind the record of 544.98 Euro/MWh recorded on 8 March just before the ‘gas ceiling’ was applied.
At auction, the average electricity price in the wholesale market – the so-called ‘pool’ – stands at 188.53 Euro/MWh for this Monday. this Maximum price will register Between 9:00 and 22:00with 277 euro/MWh, minimum for the day121.19 euro/MWh, It will be held between 16:00-17:00..
To this price of the ‘Pool’ is added the compensation of 53.76 euros/MWh, which must be paid to consumers benefiting from the measure, regulated rate (PVPC) consumers or gas companies nonetheless. In the free market, it has an indexed rate.
18% less than applying the measure
In the absence of the ‘Iberian exemption’ mechanism that limits the price of gas for electricity generation, the electricity price in Spain would average around 296.13 euro/MWh, which is around 54 euro/MWh more than compensation to customers. Thus, on average, he will pay 18.1% less.
‘Iberian mechanism’, Entered into force on 15 JuneIt 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’ is natural gas Electricity generation at a price of 40 Euro/MWh an increase of five Euro/MWh per month in the first six months and then until the end of the measure.
Government, ‘Iberian exception’ Saved more than 2,000 million euros It comes into effect for Spanish consumers until the end of this August.
Source: Informacion
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