The price of electricity in the wholesale market (pool) was determined this Saturday, April 16, at 16:00. 153.85 Euros megawatt hour (euro/MWh), ie more than 22% drop Compared to the value set for this Good Friday and the lowest price since the start of the war in Ukraine.
According to the data of the Iberian Electricity Market Operator (OMIE), the maximum price will be recorded between 00:00 and 1:00, the time will be 222.43 euro/MWh, and the minimum price will be 40.32 euro/MWh between 15:00. and 16:00.
Despite this new decline, The price of electricity is almost three times the amount recorded when it was paid a year ago at 68.93 euro/MW.h, but more than 25% below the February 24 figures when the war started in Ukraine.
In addition, the price of this Saturday, when the economic activity of the week decreases and energy demand is lower, continues to decrease. 72% lower than the record 544.98 euro/MWh recorded on 8 March.
So far this month, the average electricity price has reached 213.96 euros/MWh, 70 euros below the March average (283.3 euros/MWh), the most expensive to date and nearly double the price of 2021. With 111.4 euro/MWh, it crowned the most burdensome year in the historical series.
wholesale market prices Have a direct impact on the regulated rate, or PVPC, which covers around 11 million consumers in Spainand serve as reference for the other 17 million those who contract their supplies in the free market.
Like this, Russia’s invasion of Ukraine causes tension in the energy marketEspecially on gas, because of the risk that Russia’s imports to Europe will slow down due to sanctions imposed by the European Union.
The government has approved a national plan to respond to the economic and social consequences of the situation in Ukraine. Tax discount on taxes taken from electricity bill until 30 Juneand the extension of the electricity social bond to reach 1.9 million beneficiary households.