The price of electricity fell 7.18% this Friday to 235.54 Euro/MWh

Like this, It will be the second day in a row more than the electricity price for regulated rate customers linked to the wholesale market save a dropafter the increases in the first three days of this week.

This price is the result of adding the average of the wholesale market auction 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.

In the auction, the average price of electricity in the wholesale market called ‘pool’ was determined. it was at 135.24 euro/MWh on Thursday. The maximum price will be recorded at 164 Euro/MWh between 22:00 and 12:00, with a minimum of 120.3 Euro/MWh for the day between 04:00 and 06:00.

‘Pool’ at this price 100.30 euro/MWh compensation added 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.

21.3% less than applying the measure

In the absence of the ‘Iberian exemption’ mechanism that limits the price of gas for electricity generation, the electricity price in Spain would average around EUR 299.29/MWh, which is around EUR 63.75/MWh more than compensation to customers. Thus, on average, he will pay about 21.3% less.

The ‘Iberian mechanism’, which came into effect 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 rise. it is 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.