Average electricity price for regulated rate customers connected to the wholesale market it will be stable this saturdaywith a minimum decrease of 0.016% compared to this FridayUp to EUR 235.5 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 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.
At auction, the average electricity price in the wholesale market – the so-called ‘pool’ – stood at 135.53 Euro/MWh this Saturday. this Maximum price will register Between 10:00 and 12:00with 180 euro/MWh minimum amount 112.3 euro/MWh will be given for the day Between 12:00 noon and 13:00.
To this price of the ‘Pool’ is added the compensation of 99.97 Euro/MWh, which must be paid to gas companies although consumers benefiting from the measure, regulated tariff (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
22% less than applying the measure
Electricity price in Spain in absence of ‘Iberian exception’ mechanism that limits gas price for electricity generation on average it would be 301.83 euro/MWh, This is around 66.3 Euro/MWh more than compensation to customers at the regulated rate, and will thus pay almost 22% less on average.
The ‘Iberian mechanism’, which came into force on 15 June, limits gas price for electricity generation at an average of 48.8 Euros per MWh over a twelve-month period, thus covering next winter, a period 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.