this electricity price the wholesale market will rise more than 5% on Thursday up to 114.5 € megawatt hour (MWh) when they meet eight days after the call was not executed’Iberian mechanism‘according to the results of the auction held this Wednesday.
The gas ceiling will not be enforced for the eighth time since it came into effect on 15 June, as the Iberian Gas Market (Mibgas) price remains below the set 40 euro/MWh on Thursday, which was around 39 euros. As the maximum price by the end of the year by the government.
Electricity will be on again Above the 100 euro/MWh barrier it will record the three lowest prices of the year with 73, 81 and 85 euro/MWh after last week. Despite this, the price of electricity in the wholesale market will remain the same. much more than the 226 euro/MWh paid a year agoa decline, driven by the lower price of natural gas in international markets, due to both increased renewable energy production and the accumulation of storage for the winter.
On this occasion, the final price again coincides with the wholesale market price (114.5 euro/MWh), because this Thursday no settings compensating for facilities that use natural gas to generate electricity.
It will be the most expensive time period Between 08:00 and 9:00, when electricity is to be paid at 172 euro/MWhthe cheapest will reach 90 Euro/MWh between 4:00 and 5:00.
Electricity in Italy will be paid tomorrow at 162 euros per MWh; For 125 Euros in Germany; 122 euros in France and 81 pounds (about 93 euros) in the UK. In Portugal, where gas caps are also applied for electricity generation due to what is known as the ‘Iberian exception’, the price will be the same as in Spain, with which it shares a market.