this average electricity price for regulated rate customers linked to the wholesale market it will drop a slight 0.95% this Wednesday until this tuesday 238.3 € Megawatt-hours (MWh) according to provisional data from the Iberian Energy Market Operator (OMIE).
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 electricity price in the wholesale market – the so-called ‘pool’ – will stand at 137.4 Euro/MWh this Wednesday. Price The maximum time will be recorded between 20:00 and 21:00.With 187.93 euro/MWh, the minimum for the day will be 104.89 euro/MWh between 04:00 and 05:00.
To this price of the ‘Pool’ is added a compensation of 100.9 Euro/MWh, which must be paid to gas companies, even though consumers benefiting from the measure, regulated tariff (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
14.15% less
In the absence of the ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain would average 277.58 euro/MWh, which means: 39.28 euro/MWh more Thus, more than compensation for regulated rate customers who would pay 14.15% less on average.
The ‘Iberian mechanism’, which came into effect 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 rise. it is 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
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.