The price of electricity fell 31.4% on Thursday

this average electricity price for regulated rate customers linked to the wholesale market It will drop 31.4% on Thursday until this Wednesday €186.08/MWhAccording to the provisional data of the Iberian Energy Market Operator (OMIE) collected by the EP.

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 auction, the average electricity price in the wholesale market – the so-called ‘pool’ – stood at 113.11 Euro/MWh this Thursday. this The maximum price will be posted between 22:00 and 23:00 at 220 euro/MWh.the daily minimum of 75 euro/MWh will be between 05:00 and 06:00.

To this price of the ‘Pool’ is added the 72.91 Euro/MWh compensation payable to gas companies, whether consumers benefiting from the measure, regulated rate (PVPC) consumers or not. In the free market, it has an indexed rate.

15% less

In the absence of the ‘Iberian exemption’ mechanism that limits the price of gas for electricity generation, the electricity price in Spain will average 219.31 euros/MWh, which is 33 euros/MWh more than customers’ compensation. regulated rate, who will pay this way 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

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