Electricity will be cut this Wednesday 3%, up to 278.5 Euros per megawatt hour (MWh), after three consecutive days of increase according to the result of the tender held in the wholesale electricity market.
In the absence of the so-called “Iberian mechanism” that limits the price of natural gas for electricity generation, tomorrow’s wholesale price will be 303 euro/MWh, 30 euro below the previous dayAccording to Iberian Electricity Market Operator (OMIE) and Iberian Gas Market (Mibgas) data.
The final average price is the result of adding the required temporary adjustment to 160.3 Euro/MWh recorded in the wholesale market this Wednesday. pay the rights holders of the gas cap to compensate for the factories that use this material to generate electricity, which will be 118.2 Euro/MWh tomorrow.
According to time zones and excluding adjustment, electricity will reach its highest price between 09:00 and 10:00 tomorrow at 156.8 Euro/MWh in this wholesale market, and its lowest price between 04:00 and 05:00. The price will be 134.7 Euro/MWh.
After this increase, the electricity price this Tuesday is 31% more expensive than a year ago at 212 Euro/MWh.
Again, The price in Spain will once again be below the registered price in neighboring countrieseven without the throttle cap applied.
The average price in France will be 430 Euro/MWh; 380 euro/MWh in Italy; 312 pounds/MWh (approximately 362 Euros/MWh) in the UK and 325 Euros/MWh in Germany.