According to provisional data released by the Iberian Energy Market Operator, the average electricity price in the wholesale market will fall for the sixth consecutive time this Monday (OMIE).
Specifically, this will be the price of electricity on April 18 103.24 Euros per megawatt hour (MWh), This is 7.28% less than Sunday. This Monday’s price will be the lowest since 27 December 2021, when Spaniards paid 96.08 euro/MWh.
The maximum electricity price for this April 18 will be between 21.00 and 22.00. 219.69 euro/MWh, and a minimum of 45 euro/MWh will be recorded between 14:00 and 15:00.
Compared to just a year ago, the ‘pool’ price for this Monday 59.96% higher At 64.54 euro/MWh on 18 April 2021.
‘Pool’ prices have a direct impact on the regulated rate — the so-called PVPC — that covers around 11 million households in the country and serves as a reference for other households. 17 million Those who have narrowed their supply in the free market.
In fact, the National Markets and Competition Commission (CNMC) confirmed that in 2021, around 1.25 million people switched from PVPC to a free market rate at a fixed price, within the framework of the energy’s upward spiral.
Measures to reduce the price of the receipt
On 29 March, the Government national plan To deal with the effects of the war in Ukraine, which included, among other measures, the extension of the tax cut on taxes on the electricity bill until 30 June and the extension of the electricity social bond to 1.9 million. beneficiary households.
Also, it was accepted early and extraordinary update The regulated fee regime for renewable energy, cogeneration and waste (Recore) with an arrangement of 1,800 million euros, in which charges on the electricity bill are reduced.
Another of the measures agreed upon by the executive is extension Until 30 June, to reduce the gas in order to reduce extraordinary profits in the electricity market, to expand the scope of application, to contracted energy at a fixed price and forward from the entry of the norm, if the price in question is higher than 67 euros / MWh.
Also, governments Spain and Portugal They submitted a preliminary proposal to the European Commission to set a gas reference price of 30 Euros per MWh to lower the electricity price.