The average electricity price in the wholesale market will fall again this Sunday. 34.05% decrease Regarding Saturday, and will stop at 159 Euros per megawatt hour (MWh).
Specifically, the average price of the ‘pool’ for this Sunday It will be 159.33 euro/MWhIt’s almost 82 euros cheaper than at 241.59 euro/MWh on Saturday, according to data released by the Iberian Energy Market Operator (OMIE) collected by Europa Press.
In this way, the wholesale electricity market provides a similar ceasefire to last Friday, when Ukraine recorded a price of -154.7 euro/MWh, the lowest since February 19 before the war started.
Maximum electricity price for this Sunday It will be given between 00:00 and 01:00 with 282.48 Euro/MWh.and a minimum of 1.03 Euro/MWh will be between 15:00 and 18:00, but between 12:00 and 15:00 the price will also be very cheap at 3.7 Euro/MWh.
Compared to just one year ago, the pool price this Sunday will be 145.09% higher than 65.01 Euro/MWh on 10 April 2021.
‘Pool’ prices have a direct impact on the regulated rate — the so-called PVPC — at which approximately 11 million households are covered in the country and serve as a benchmark for the other 17 million contracted. their supply in the free market.
In fact, the National Markets and Competition Commission (CNMC) confirmed that in 2021, around 1.25 million people switched from PVPC to a free market rate at a fixed price, within the framework of the energy’s upward spiral.
On 29 March the Government approved A national plan to deal with the impact of the war in Ukraine This includes, among other measures, the extension of the tax cut on taxes on the electricity bill until 30 June and the extension of the electricity social bond to reach 1.9 million beneficiary households.
30 euro petrol cap
In addition, the governments of Spain and Portugal submitted a preliminary proposal to the European Commission. Gas reference price of 30 Euros per MWh to reduce the electricity price.
Third Vice President and Minister of Ecological Transition, Theresa Riveramade clear that this was a joint proposal formulated by both governments. and subject to negotiation with European authorities.
Ribera predicted that if the offer were accepted, the electricity price could be capped “within three or four weeks”, and for that “we have to be patient” because it “has to accept it” within that time, he said. good” and “the technical concerns of good functioning that may exist are well reflected”.
If the proposal continues, it will have repercussions on pool prices due to its impact on the daily sales offers of gas-fired combined cycle power plants in the wholesale market, among other things.