Average electricity price for regulated rate customers wholesale market This Sunday, Christmas Day, it will drop to 10.63 euros per megawatt hour (MWh).
In this way, the price of electricity on Sunday will decrease by 69% compared to this Saturday and will be recorded once again. Lowest price since May 9, 2021, before the onset of the energy crisis, when it was marked at 10.53 euros/MWh.
Average electricity price on 25 December 2021 one year ago 226.42 Euro/MWh.
The electricity price thus reinforces the downward trend that started at the beginning of December. Maximum 16 months has been reached with hydroelectric generation. Adverse weather drove the wind turbines and the rains allowed for more hydraulic power generation. By giving up being so dependent on gas, the electricity bill goes down.
cheap up to 18 hours
At the auction, the average price of light in the so-called ‘pool’ wholesale market this Sunday was set at 15.24 euro/MWh. Electricity charge for most of the day until 18:00 Below 5 Euro/MWh.
The minimum price is 1.45 Euro/MWH, According to provisional data from the Iberian Energy Market Operator, the maximum price will be quoted between 5:00 am and 7:00 am, with a maximum price of 50.26 euro/MWh between 20:00 and 21:00 (OMIE) collected by Europa Press.
Compensation for gas companies is added to this pool price, which must be paid by consumers benefiting from the measure, regulated tariff (PVPC) consumers, or those who hold a tariff despite being in the free market. indexed rateAccording to provisional data, negative levels for this Market, -4.61 euro/MWh.
84% less
In the absence of the ‘Iberian exception’ mechanism that sets a cap on the gas price for electricity generation, the electricity price in Spain would average around 67.4 euro/MWh, which means: approx 56.67 Euro/MWh more more than the compensation given to customers who would pay, on average, 84.23% less on the regulated rate.
The ‘Iberian Mechanism’, which came into effect on June 15, limits the price of gas. electricity generation It covers the next winter, when energy prices are more expensive, with an average of 48.8 euros per MWh over a twelve-month period.
Specifically, the ‘Iberian exception’ sets a path for natural gas to generate electricity. 40 Euro/MWh price an increase of five euros/MWh per month in the first six months and then until the end of the measure.