this average price Electricity in the wholesale market will drop 0.83 percent on Tuesday, down 0.83% from this Monday. 200 Euro level per megawatt hour (MWh).
Specifically, the average price of electricity this Tuesday 193.32 euros/MWh, 1.62 euros cheaper than this Monday (194.94 euros), According to data published by the Iberian Energy Market Operator (OMIE).
Thus, the maximum electricity price on June 7 will be recorded between 22:00 and 23:00. With 228.81 euro/MWh, it will be between 17:00 and 18:00 with a minimum of 164.07 euro/MWh for the day.
Average electricity price this Tuesday compared to a year ago 142.59% more expensive than 79.69 Euro/MWh on 7 June 2021.
‘Pool’ prices have a direct impact on the regulated rate they are included in – the so-called PVPC. It serves as a reference for approximately 11 million households in the country and another 17 million households that have narrowed their supply in the free market.
In fact, the National Markets and Competition Commission (CNMC), in 2021, up Energy Spiral, About 1.25 million people switched from PVPC to a fixed-price free market ratio.
May electricity bill an average user reached 120.68 euros, 46.9% more than 82.13 euros in the same month last yearIt places last month’s bill as the sixth-highest in history, according to data on the development of the regulated rate (PVPC) from Facua-Consumidores en Acción.
Gas cap awaiting approval
In mid-May, the Official State Gazette (BOE) published the Royal Decree setting the mechanism for limiting the gas price for electricity generation to an average of 48.8 euros per megawatt-hour (MWh) over a twelve-month period, thus giving rise to a more expensive energy price. covers the next winter period.
However, although the mechanism was published as a Royal Decree, It is expected to be initialed with the Ecological Transition order for the official decision of Brussels to be taken and implemented.
The government calculates 15.3% reduction for the average electricity consumer covered by the PVPC regulated rate over the 12-month implementation As stated in Europa Press’s impact report accompanying the decree, the approved ceiling for electricity generation from natural gas
For the industrial consumer who is fully exposed to the spot price, The government estimates an 18% to 20% reduction in the bill, It varies between 15% and 17% in the first month of the mechanism and between 13% and 15% in the last month of the mechanism.
However, Teresa Ribera, Minister of Ecological Transition and Demographic Struggle, There are some “uncertainties” to calculate the exact drop in electricity price He argues that once the gas cap for electricity generation comes into effect, however, the Manager’s forecast is to fluctuate between 15% and 20%.