the year it will be average electricity price highest in history — a Average Euro 209.94 per megawatt-hour87% more than in 2021 (111.95)– almost free electricity: last day of the year electricity will cost in the wholesale market €1.82 per MWh on average with half the day with negative pricesIt is below zero euros, according to data released this Friday by the Iberian Market Operator (OMIE).
Until thirteen hours During this Saturday there will be negative prices: during almost all morning –from 1am to 9am–, between 12 and 2 pm Y at full dinner with friends and family, 11am to 12pm. The cost of electricity for the rest of the day will not be very high, and the most expensive will be precisely during working hours. higher consumptionso in time to prepare christmas dinner (between six and eight in the evening), when will it be 20 Euros per MWh.
Energy price in the wholesale market It is one of the components of the electricity bill. part of electricity consumers, only 9 million users Who is there contract in the regulated market –Voluntary Price or PVPC for Small Consumers–, others have price agreements with their vendors and are not directly affected by these changes. In particular, it was the customers who were most affected by the increase in prices. March and AugustBecause of the effects of the war in Ukraine.
but this Doesn’t mean I’m going out tomorrow to refund electricity consumption to these PVPC users in a few hours, because the energy price Other components need to be added. Like taxes –5% VAT and 0.5% Special Tax on Electricity– and regulated costs –paying companies for the transmission and distribution of electricity to homes, as well as for outstanding debt or renewable energy premiums at other times — will add to these negative numbers because they are so low (less than -1.16 Euros at any given hour).
In recent days, the average wholesale price per MWh has been 48.90 euros since Dec. 19, while the rest of the month is 197.60 euros – low prices due to the large number of power plants. renewable and nuclear generationrepresenting almost 90% of the total production gas plants (combined cycles) running throughout the day. but also low demand obtained from good temperatures in the last days of December, which is usually much colder. This is common in the rest of Europe, such as Germany, where the average price is negative (-0.8 euros) or France, where it is 4.4 euros. However, in Italy it stands at 224.3 euros.
This series may one day result in a result. negative average daily price for the first time in history related to Spanish electricity market. Until 6 July 2021 It was impossible to get a sub-zero price in Spain because the regulations set zero as the minimum limit, but from that day on new limits Between 500 and 3,000 Euros, On the proposal of the Iberian Energy Market Operator (OMIE) to align the Spanish market with the European market. And while this measure is not immune from criticism, it has been widely accepted as its entry into force coincided with rising electricity prices.
Negative prices at some times of the day, 40 euros cap per MWheven though it’s friday this limit didn’t work because the throttle was down This reference and how There is no need for compensation in gas power plants –do not produce combined cycles, but produce cogenerations and they also receive the adjustment- The money received for gas exchange with France is deducted from the starting price.
Definitely, this ‘Iberian exception’ mechanism Developed from January, increasing by 5 Euros per MWh per month until completion in May of next year (if there is no change). As of this Sunday, there will be a ceiling hike in gasoline. 45 Euros per MWh for the next 30 days, This theoretically translates into a higher tender price — because bids from gas plants can be increased from 40 to 45 Euros per MWh — but also a lower compensation — because less money will have to be returned — .