this electric It will increase by about 10% on Sunday up to €194.64 According to the results of the auction on the wholesale market or the ‘pool’ and the adjustment to be paid after the gas cap, the megawatt hour (MWh) plants, the fourth lowest price since the Iberian mechanism came into effect on 15 June.
According to the operator of the electricity market OMIE and the Iberian Gas Market (Mibgas), the wholesale price of electricity (paid by consumers at a regulated rate) is approximately 54 euros less Compared to EUR 249.16 MWh would have been paid had the gas cap for electricity generation not been included.
In a context marked by the energy crisis facing Europe due to the Russian invasion of Ukraine, European Commission President Ursula von der Leyen made a presentation this week. bill to deal with this situation. The Brussels plan includes a reduction in energy consumption, which is mandatory during rush hours, limiting renewable and nuclear charges in the wholesale market, and extraordinary income tax Among companies that use fossil fuels.
In parallel, the Commission has comprehensive reform of the energy market According to von der Leyen, in the long term to separate gas-based generation from renewable sources, which will arrive “by the end of this year”.
Prices in major European economies on Sunday highest replay to be recorded Italy304.22 euro/MWh will be reached. MWh in the UK will be 212.71 pounds/MWh (about 245 euros at the current exchange rate), above the 199.95 euro payable in France. Price lowest to be recorded Germanytomorrow electricity will be 77.93 euro/MWh, the lowest price since last 16 July.
In Portugal, where the gas cap is also applied due to the so-called ‘Iberian exception’, the auction price will be the same as in Spain, with which it shares its market.
Auction and setup
If only the results of the auction in the wholesale market are taken into account, without including the arrangement that the cap beneficiaries must pay to compensate the facilities using this material, the electricity will be more than twice as expensive It fell to 131.61 euro/MWh.
Price based on timeframes (excluding the above-mentioned adjustment) the most expensive will be reached between 21:00 and 22:00, with 202.28 euro/MWh; the cheapest will be recorded at 61.01 Euros between 15:00 and 16:00.
To these amounts, however, it is necessary to add the cost of adjusting the gas power plants, which vary depending on the volume required and the price of the system, affecting households and beneficiary companies. For Sunday, the temporary average correction for consumers will be 63.03 Euro/MWh and the final price will be 194.64 Euro/MWh, 22% more than a year ago.
Source: Informacion
Christina Moncayo is a contributing writer for “Social Bites”. Her focus is on the gaming industry and she provides in-depth coverage of the latest news and trends in the world of gaming.