Average electricity price for regulated rate customers connected to the wholesale market It will rise 4.9% on Friday According to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press, this is up to 219.21 euros per megawatt hour (MWh) compared to Thursday.
This price is the result of adding. average from auction in the wholesale market to compensation to be paid to combined cycle power plants by the request for the application of the ‘Iberian exception’ to limit the price of gas for electricity generation.
Average price of electricity at auction wholesale market –the so-called ‘pool’– this Friday it was at 135.35 euro/MWh. The maximum price will be recorded at 230.18 Euro/MWh between 22:00 and 23:00, with a minimum of 90 Euro/MWh for the day between 04:00 and 05:00.
To this ‘pool’ price is added a compensation of 83.86 Euro/MWh, which must be paid to consumers benefiting from the measure, regulated tariff (PVPC) consumers or gas companies nonetheless. to be in the free market indexed rate.
38% less
in the absence of mechanism ‘Iberian exception’ To limit the gas price for electricity generation, the electricity price in Spain will average around 355.35 euros/MWh, which is about 136.14 euros/MWh more than the regulated rate compensation to customers. On average, you pay 38.3% less.
The ‘Iberian mechanism’ that came into force recently 15 June, It 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 to generate electricity. 40 €/MWh an increase of five Euro/MWh per month in the first six months and then until the end of the measure.
Teresa Ribera, the third vice-president of the government and minister for Ecological Transition and Demographic Struggle, estimated yesterday that the Iberian exemption meant savings of 1,383 million euros for Spanish consumers over the two-month validity period.
Ribera noted that this figure represents a savings. 22 million euros per day for Spanish society from the entry into force of the mechanism.