This electricity price It will debut in 2023 with an increase of up to 5.85 euros/megawatt hour (MWh) is about four euros more than year-on-year, compared to the auction held at the wholesale market and the arrangement to be paid by the beneficiaries of the gas cap.
This rise, which was broken with a decline for four consecutive days and reached the lowest level for two consecutive years, second stage”Iberian mechanism“limiting the price of gas for electricity generation and raising its ceiling from 40 euros to 45 euros on 1 January.
In the absence of such a measure, The wholesale price for this Market will be 31.1 Euro/MWh.that is about 25 euros higher according to the data of the Iberian Electricity Market Operator (OMIE) and Iberian Gas Market (Mibgas).
The final average price is the result of applying to the registered 6.7 Euro/MWh. New Year’s in the wholesale market is the temporary arrangement that those who benefit from the gas cap have to pay to compensate the factories that use this material to generate electricity, which will be -0.85 euros.
While not common, as in previous days, the correction can sometimes be negative and will be repeated tomorrow.
According to time zones and excluding adjustment, electricity will reach its lowest price of 0 Euro/MWh between 00:00 and 13:00 and its highest price of 40.07 Euro/MWh between 21:00 and 23:00. .
However, this 0 euros for most of the day does not mean that consumers have a regulated rate -whose contracts refer to their wholesale form- They will have free electricitysince the invoice also consists of fixed costs.
one more day, Italy will be one of the exceptions from the Old Continent, with an average of 193.14 euros MWhIn the UK, 90.59 pounds (approximately 102.2 euros to change) will be paid.
In Germany and France, electricity will remain at low values at 14.91 Euro/MWh in both regions.
For its part, in Portugal, where the “Iberian exception” also applies, the price will be the same as in Spain, a country with which it shares the market.
New stage for the peak of gas
in force since the session held on 14 June in which prices for the next day were determined in wholesale markets. The “Iberian exception” proposed a gas reference price of 40 Euro/MWh for the first six months implementation of the mechanism.
Once this time horizon is completed, this value will increase by five euros per month to end at 70 euros/MWh, so that the amount closes to convergence when the end of the planned measure by 31 May approaches. normality
Like this, this Sunday will be the first with 45 euro/MWh as the reference price, As confirmed to EFE by Ministry of Ecological Transition sources.
ASE energy advisory group recently made a statement about this new phase of the gas cap, warning in one of its latest reports that the five-euro increase will increase gas combined cycle offers by around 10 euros/MWh. affects “pool” prices.
energy measures
Regarding consumer protection beyond the gas cap, The government this week agreed to expand its fiscal measures on energy issues.
According to the Official State Gazette (BOE) and taking into account that “the situation created by the increase in natural gas prices continues”, the VAT discount on components, which was reduced to 5%, was extended until 31 December 2023. delivery of this material.
Also in deliveries of biomass and wood briquettes or “pellets” for firewood used as fuel in heating systems to reduce their quantity.
Regarding VAT, the latest royal decree of the Executive foresees an extension of 5% of the tax rate on certain electricity supplies and 0.5% of the special tax rate on electricity until the end of 2023.
It also maintains the temporary suspension until the same date of the tax on the electric power generation value, as well as the prohibition of cutting off the basic supply of electricity, water and natural gas for those who are vulnerable due to non-payment, and the possibility of unemployed workers benefiting from social bonuses.
On the other hand, the Government plans to reduce electricity bill fees for households and SMEs by an additional 9.21% in January, as outlined in the proposal put forward by the Ministry of Ecological Transformation, which will not be final until it comes out in 2019. BOE.