The average electricity price for customers with regulated rates linked to the wholesale market will drop this Sunday. 21.49 Euros per megawatt hour (MWh)It represents a decrease of 59.6% compared to Saturday, which was 53.19 Euro/MWh.
At the auction, average price of light in wholesale market — the so-called ‘pool’– this Sunday it will be at 22.05 euros/MWh. The minimum price of 3.18 euros will be between 04:00 and 05:00, the maximum price will be between 20:00 and 21:00 and will be 50.56 euros.
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 rate, -0.56 Euro/MWh for this Sunday.
58% less
In the absence of an ‘Iberian exception’ mechanism to limit the price of gas for electricity generation, the electricity price in Spain would average around 51.3 euros/MWh, which is 29.81 euros/MWh more than in Spain. compensation for regulated rate customers who will pay on average 58.11% less.
The ‘Iberian mechanism’, which came into force on 15 June, limits the average price of gas for electricity generation. 48.8 Euros per MWh for a period of twelve months, thus covering the coming winter, the period when energy prices are most expensive.
Specifically, the ‘Iberian exception’ is natural gas electricity generation from a price of 40 Euro/MWh in the first six months and then 5 Euro/MWh per month until the end of the measure.
The Spanish Executive asked Brussels to extend the ‘Iberian exemption’ to between 45 and 50 euros per megawatt hour (MWh), with a similar cap to the current one, at least until the end of 2024.