The average electricity price for regulated tariff customers connected to the wholesale market will drop 5.34% compared to this Tuesday to 135.41 Euro/MWh on Wednesday. Iberian Energy Market Operator (OMIE) Collected by Europa Press.
This price is the result of adding the auction average in the wholesale market to the auction average. compensation that demand for combined cycle power plants will pay for the ‘Iberian exemption’ to limit the price of gas for electricity generation.
Average price of electricity at auction wholesale market –the so-called ‘pool’– stands at 108.80 euro/MWh for this Wednesday. The maximum price will be 203.74 Euro/MWh between 22:00 and 23:00, while the minimum 36.18 Euro/MWh for the day will be between 17:00 and 18:00.
Compensation is added to this ‘pool’ price. 26.61 €/MWh To gas companies, regulated rate (PVPC) consumers, or those who have an indexed tariff despite being in the free market, which must be paid by consumers benefiting from the measure.
33% less
‘ in the absence of the mechanismIberian exception‘ to limit the gas price for electricity generation, the electricity price in Spain will average 202.05 Euro/MWh, which is 66.64 Euro/MWh more than the regulated rate compensation to customers, thus paying 32.98 % less on average.
The ‘Iberian mechanism’, which came into force on 15 June, limits gas price for electricity generation at an average of 48.8 Euros per MWh over a twelve-month period, thus covering next winter, a period when energy prices are more expensive.
Specifically, the ‘Iberian exception’ is natural gas electricity generation a price of 40 euros/MWh in the first six months, followed by an increase of five euros/MWh per month 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.