Average electricity price for customers with regulated rates based on the wholesale market This Sunday will be down 22.57% compared to this Saturday and will amount to 39.58 euros per megawatt hour (MWh). It will be the lowest price in the last month, while it will be marked as zero euros for up to nine hours.
Special, Daily electricity price for this Sunday will be lowest ever in May and the minimum recorded since last April 16.
According to the time intervals, HE price The minimum price of zero euro/MWh will be recorded between 09:00 and 18:00, and the maximum price will be recorded as 98.96 euro/MWh between 22:00 and 23:00.
To this average price of the ‘Pool’ will be added compensation to gas companies, which must be paid by consumers benefiting from the measure.Regulated tariff (PVPC) consumers or those with an indexed tariff despite being in the free market but will still be 0 euro/MWh for this Market, a repeating situation since last February 27.
The average electricity price so far in May is about 79.75 Euro/MWh, compared to 192.50 euro/MWh recorded in the same period last year.
The so-called ‘Iberian exception’ has been extended until 31 December. Following the agreement of Spain and Portugal with the European Commission. Thus, it has been extended for seven months until the end of this year, and it has not been ignored that if the said framework is extended, it may be extended for a longer period.
Special, the agreement not only represents an extension of the already applied Iberian exception, Instead, it requires some adjustments to accommodate it, such as the price reference, which has so far increased by five euros a month and will now be softer.
In the original agreement, the above-mentioned reference price for gas averaged 48.8 euros/MWh: for six months it was 40 euros/MWh and then increased by 5 euros/MWh each month. It will now increase by 1.1 euro/MWh compared to April, resulting in 65 euro/MWh. The limit for this month of May has been set at 57.2 euro/MWh.
Right now, the mechanism has not had any impact on the marginal matching processes in the wholesale markets since the end of February, Due to the fact that the price of natural gas falls below the thresholds set for its application, but an extension if necessary will allow to maintain a reasonable price that is not too dependent on the development of natural gas.