Electricity prices will rise on Thursday 80% and will be located at 169.13 Euros per megawatt hour (MWh) After the last three days’ decline, according to the results of the auction held this Wednesday in the Iberian wholesale market.
The final average price is the result of adding up to 131.31 Euro/MWh recorded this Thursday at the auction in question: temporary fix by rights holders stop gas for the compensation of the facilities that use this substance to generate electricity which will be 37.82 Euro/MWh tomorrow.
According to data from the Iberian Electricity Market Operator (OMIE) and the Iberian Gas Market, tomorrow’s wholesale price would be 175.99 euros/MWh if there were no so-called “Iberian mechanism” that limits the price of natural gas for electricity generation. (Mibgas).
By time zones and excluding adjustment, electricity will peak at 190.72 euros/MWh between 20:00 and 21:00 tomorrow; and the lowest, between 3:00 and 4:00, when it will cost 81.80 Euro/MWh.
After this recovery, electricity price It will continue to be lower than what was paid a year ago at 291 Euro/MW, which is 42% higher..