The price of electricity is up 77% this Monday and stands at 160.57 Euro/MWh.

Special, the price will remain at 160.57 Euro/MWh this Monday, According to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.

As a result of this price add the average of the auction in the wholesale market to the compensation that demand will pay to the combined cycle plants. ‘Iberian exception’ to limit gas price for electricity generation.

At the auction, average electricity price in the wholesale market -the so-called ‘pool’ – stands at 119.77 euro/MWh this Monday. The maximum price will be recorded at 218.60 Euro/MWh between 20:00 and 21:00, with a minimum of 75.64 Euro/MWh for the day between 02:00 and 03:00.

To this ‘pool’ price is added a compensation of 40.80 Euro/MWh to gas companies, which consumers who benefit from the measure must pay.consumers of the regulated rate (PVPC) or those who have an indexed rate despite being in the free market.

27.6% less than applying the measure

In the absence of the ‘Iberian exception’ mechanism run into gas price for electricity generationThe price of electricity in Spain will average 221.93 Euro/MWh, which is 61.36 Euro/MWh more than compensation for regulated tariff customers, thus paying 27.6% 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, ‘Iberian exception’ clusters Natural gas route for electricity generation at a price of 40 Euro/MWh in the first six monthsfollowed by an increase of five euro/MWh per month until the end of the measure.