The average price of electricity prices in the wholesale market will increase by 6.7% on Tuesday compared to this Monday. 210 €/MWh, Applications expected from Wednesday Iberian exception limiting the price of natural gas for electricity generation.
Specifically, the average electricity price this Tuesday will be 214.05 euro/MWh, which means: 13.43 euros more than yesterday’s price (200.62 Euro/MWh), according to data published by the Iberian Energy Market Operator (OMIE) and collected by Europa Press.
The maximum electricity price for this 14 June will be recorded at 242.27 Euro/MWh between 22.2 and 23:00, while the minimum electricity price for the day is: €194/MWhIt was recorded between 16:00 and 17:00.
Compared to a year ago, the average electricity price this Tuesday will be 141.9% more expensive than before. €88.47/MWh From 14 June 2021.
‘Pool’ prices have a direct impact on the regulated rate — the so-called PVPC — which is almost 11 million homes It serves as a reference for the other 17 million who are shrinking their supply in the country and in the free market.
In fact, the National Markets and Competition Commission (CNMC), in 2021, up spiral about 1.25 million people switched from PVPC to a rate on the free market at a fixed price.
In mid-May, the Official State Gazette (BOE) published the Royal Decree establishing the limiting mechanism. gas price for electricity generation on average 48.8 Euros per megawatt/hour (MWh) over a twelve-month period, thus covering the coming winter when energy prices are more expensive.
Finally, last week the mechanism got the green light from Brussels and was signed by an order from Germany. Ecological Transition for your application.
from 15 June
The so-called ‘Iberian exception’ will be enforced from the auction. electricity market It will start tomorrow, June 14th, and will affect the appeal of the wholesale electricity market, which will be held that day to set prices the next day, Wednesday, June 15th.
In its calculations, the government limits the discount to the average electricity consumer covered by insurance to 15.3%. regulated rate PVPC during the 12-month implementation of the approved cap for electricity generation from natural gas, as outlined in the impact report accompanying the executive order and to which Europa Press has access.
For the industrial consumer who is fully exposed to the ‘spot’ price, the Government 18% to 20% discountIt varies between 15% and 17% in the first month of the mechanism, and between 13% and 15% in the last month.