Average electricity price for regulated rate customers, wholesale market It will rise again on Wednesday, reaching 436.25 euros per megawatt hour (MWh), a 19.4% recovery from Tuesday, thus reaching a new maximum since the gas cap went into effect. Iberian Energy Market Operator (OMIE) convened by Europa Press.
This price is the result of adding. average between Auction to the compensation to be paid to combined cycle power plants by the request for the application of the ‘Iberian exception’ to limit the gas price for electricity generation in the wholesale market.
In this way, the price of electricity paid by the beneficiaries, ‘Iberian exception’ It will record a new maximum level this Wednesday for the second time since the mechanism came into effect in mid-June, after today’s 365.33 Euro/MWh.
At auction, the average price of electricity on the wholesale market – the so-called ‘pool‘– placed at 186.95 euro/MWh for this Wednesday. Price maximum 236.79 Euro/MWh will be recorded between 22:00 and 23:00, minimum 140.07 euro/MWh for the day will be given between 17:00 – 18:00.
Price is added to this ‘pool’ compensation of the 249.3 €/MWh To gas companies, regulated rate (PVPC) consumers, or those who have an indexed tariff despite being in the free market, which must be paid by consumers benefiting from the measure.
This increase in the cost of electricity is driven by the levels of electricity prices. gas TTF In the Netherlands, a benchmark at maximum levels in the European market, with the effect of Gazprom’s announcement that it will cut gas pumps to Germany for three days from 31 August. This Tuesday MWh of natural gas was trading below €270, after this Monday it appeared at €290.
15% less
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 502.11 euro/MWh, which is about 65.86 euro/MWh more than compensation. for customers regulated rateso on average they will pay 15% less.
In the rest of the European countries, electricity market prices are also showing their maximum levels this Wednesday. In France it is over 645 euro/MWh, in Germany it exceeds 624 euro/MWh and in Belgium. 611 €/MWh.
‘Iberian mechanism’Enacted on 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 gas prices next winter when energy is 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, third vice-president of the government and minister for Ecological Transition and Demographic Struggle, said last week that the ‘Iberian exception’ 1,383 million euros for Spanish consumers within the two-month validity period.
Ribera, this figure is one saving 22 million euros per day for the Spanish community from the introduction of the mechanism.