this electric this Wednesday will rise slightly -0.38%-up to €273.9 megawatt hour (MWh) and adjustment to be paid by gas cap beneficiaries to compensate facilities using this material, based on the results of the auction held at the wholesale market or ‘pool’.
According to data from electricity market operator OMIE and Iberian Gas Market (Mibgas), the wholesale price of electricity (paid by consumers at a regulated rate) is approximately 29 € less more than the 302.51 Euro MWh would have been paid if the cap were not included in the gas price for electricity generation.
In this sense, the price with no upper limit in gas is almost 50% lower than the maximum value in the past It was registered on March 8 (544.98 euro/MWh), almost two weeks after the start of the Russian invasion of Ukraine.
in a context marked with energy instability Europe is sufferingWhile electricity continues to show very high values in the main economies of the continent, especially Italy, where MWh will be paid on Wednesday, it will reach an average of 432.58 euros, with peaks reaching 554.27 euros in the last hours of the year. day. However, in France the price will drop to 336.05 euro/MWh; Similar to Germany with 335.08 euro/MWh; In the UK, it will reach 278.8 pounds/MWh (about 330 euros at the current exchange rate). In Portugal, which also benefits from the so-called ‘Iberian exception’, the auction price will be practically one euro higher than in Spain, with which it shares a market, although prices sometimes diverge due to production differences.
Auction and setup
If only the auction results are taken into account in the wholesale market, not including trim Electricity will remain practically the same, rising from 143.99 euros/MWh on Tuesday to 144.78 euros on Wednesday, although beneficiaries of the gas ceiling will have to pay to compensate power plants using the material.
According to time zones (and not always including the above-mentioned adjustment), The maximum price will be recorded between 21:00 and 22:00., with 171.68 euro/MWh; The minimum will be 122 Euro/MWh, between 15.00 and 16.00.
However, these quantities must be added cost of adaptation to gas power plants, the amount of which varies depending on the volume required by the system and its price, affecting households and beneficiary companies.
For this Wednesday, the average adjustment for consumers will be 129.12 Euro/MWh, with the final price being 273.9 Euro/MWh, more than double –144.82 more than a year ago.