The first electricity tender with an upper limit on gas 40 euros per megawatt hour ended with a price EUR 165 per megawatt hour, 23% less In the wholesale market this Tuesday, electricity costs 214 euros, 16% lower than the average for the first 14 days of the month (197.50). But this will not be the final price It should be added to because consumers will pay for this supply. compensation to combined cycle plants who have entered programming and also discount for electricity ‘sale’ to France, this adds up to a total of 59.27 Euro MWh. As a result Average electricity price of 224 euro MWh, ten euro more expensive than this Tuesday and 25 euros more than in the first two weeks published by the Iberian Energy Market Operator (OMIE).
this first electricity tender involving the mechanism that shapes what is called ‘Iberian exception’ celebrated with normalAccording to OMIE sources, the information it provides shows that information on prices is published at regular time. The competition follows the same procedure as until now, especially combined cycle power plants cannot bid. how much is the price of natural gas megawatt exceeds 40 euros per hour, almost half the price that marked this Tuesday, the price of this raw material in the Iberian market stockpile (78.75 Euro megawatt-hours). This auction resulted in a price of 165 Euro MWh published by OMIE.
However, these gas-fired power plants they will have to face the 78.75 euro MWh that this raw material required for their production costs them. And therefore consumers should bear this difference Between the listed price and the attic. This compensation will change daily depending on the price that determines the gas offer and the volume of gas required for electricity generation (depending on whether free market contracts are renewed or the number of consumers affected by the mechanism). Although users with this mechanism they avoid the rest of the technologies that took that difference before aspect extraordinary income, because the electricity market rewards all technologies with the price determined by the most expensive power plant (natural gas).
The government’s expectations indicated that the average price in the first month of implementation of the 110 euro MWh measure in the wholesale market would rise to approximately 176.60 euro MWh, which is the final price according to a gas price quotation of 96 MWh. But finally the price in the wholesale market remained around 165 euro MWh and the final price around 224 euro MWh.
This price affects 37 percent. domestic consumers with a regulated rate Voluntary Price for Small Consumers (PVPC), and industrial consumers those who go directly to the market to buy their energy (70%). And it currently represents about 60% of the electricity bill, given the reduction in taxes and fees.