This electricity price It will crash by 66% this Fridayup to 5.47 Euro/megawatt hour (MWh)The lowest level since February 2021, based on the results of the auction held in the wholesale market and the adjustment to be paid by the gas ceiling beneficiaries.
Without the so-called ‘Iberian mechanism’ limiting the price of natural gas for electricity generation, tomorrow’s wholesale price would be 50.5 Euro/MWh, i.e. approx. 45 euros higherAccording to Iberian Electricity Market Operator (OMIE) and Iberian Gas Market (Mibgas) data.
The final average price is the result of applying the temporary adjustment to 6.02 Euro/MWh recorded in the wholesale market for this Friday, which users of the gas ceiling have to pay to compensate the factories that use this material to generate electricity. It will take place at -0.55 Euro. While not common, the correction can sometimes be negative as on other days and will repeat on Friday.
This is 5.47 Euro/MWh, Lowest price since early 2021A year marked by the gradual recovery of economic activity and the gradual increase in electricity costs after the coronavirus pandemic.
According to data compiled by EFE, the 10 Euro/MWh threshold was lowered by up to six times between January 30 and February 22 last year. Specifically, the MWh averaged 4.19 euros on 30 January; 1.42 euros on 31 January; 8.3 euros on 8 February; 7.1 euros on 9 February; 2.19 euros on 20 February and 5.67 euros on 21 February, which is close to this Friday.
New annual minimum
In this way, electrical scores New annual minimum after 25 DecemberOn Christmas day, when it stays at 10.63 euro/MWh.
According to the time bands and excluding the adjustment, the electricity will reach its target. Highest price between 19:00 and 20:00A period in which it will be paid at 21.78 Euro/MWh and between 4:00 am and 5:00 am, the MWh will be 0.57 Euro.
The price of electricity will be about one thousand liras. 96% cheaper than last Friday of last yearWhen it was around 140.8 Euro/MWh and the ‘Iberian mechanism’ had not yet been implemented.
The main countries of the Old Continent maintain low price environments, with the exception of Italy, where MWh will average 179.51 euros this December 30th. Thus, electricity will be paid at 14.63 Euro/MWh in Germany, 18.48 Euro/MWh in France, and at the same price in Portugal as Spain, with which it shares the market and “mechanism”. Iberian”. In the UK, the price will be closer to 62.8 pounds (about 71 euros to change).