Average electricity price for regulated rate customers connected to the wholesale market It will increase by 0.82% compared to Wednesday until this tuesday €264.10 per megawatt hour (MWh)According to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
This price is the result of adding the average auction price in the wholesale market to the compensation that the demand will pay to the combined cycle power plants for the application of the ‘Iberian exemption’ to limit the gas price for electricity generation. .
At the auction, The average electricity price in the wholesale market, called the ‘pool’, was 147.85 Euro/MWh for this Wednesday.. The maximum price will be recorded at 176 Euro/MWh between 22:00 and 23:00, while the minimum 126 Euro/MWh for the day will be between 17:00 and 18:00.
‘pool’ is added to this price 116.25 euro/MWh compensation to gas companies Amounts payable by consumers benefiting from the measure, regulated rate (PVPC) consumers, or those with an indexed rate despite being in the free market.
14% less than applying the measure
‘ in the absence of the mechanismIberian exception‘ to limit the gas price for electricity generation, the electricity price in Spain is on average about 307.18 euro/MWh, ie about 43 euro/MWh more Therefore, on average, it is more than compensation for customers of the regulated tariff, who will pay about 14% less.
The Iberian mechanism, which came into force on 15 June, limits the gas price for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter when energy prices are more expensive. .
Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation, with an increase of €40/MWh in the first six months and then five euros/MWh monthly until the end of the measure.