this average electricity price for regulated rate customers linked to the wholesale market It will recover 21.2% on Saturday until this Friday, 385,85 € Per megawatt hour (MWh) according to provisional data from the Iberian Energy Market Operator (OMIE) collected by the EP.
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. This way the price It will be back, after the last two days of declines. However, the level remains for this Saturday far from heights Since the entry into force of the ‘Iberian exception’ they marked last Tuesday and Wednesday when it rose to 436.25 euro/MWh.
At the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – was set at 160.04 Euro/MWh for this Saturday. this the maximum price will be recorded at 222.82 Euro/MWh between 22.00 and 23.00.The daily minimum value of 127 Euro/MWh will be between 12:00 and 13:00.
To this price of the ‘Pool’ is added the compensation of 225.81 Euro/MWh due to consumers benefiting from the measure, consumers of the regulated rate (PVPC) or gas companies despite paying tax. In the free market, it has an indexed rate.
This spiral of high electricity prices that occurred during this week has caused some price levels natural gas at maximumDue to Gazprom’s announcement to Germany that it will cut off the gas pump for three days from 31 August.
21.6% less
In the absence of the ‘Iberian exception’ mechanism that limits the gas price for electricity generation, the electricity price in Spain would average around 492.18 euro/MWh, which is around 106.33 euro/MWh more than compensation. for regulated rate customers who will pay in this way 21.6% less on average
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’ specifies a way for natural gas to generate electricity from an electrical source. price of 40 euro/MWh in the first six monthsfollowed by an increase of five euro/MWh per month until the end of the measure.
The Government considers that the ‘Iberian exception’ means: 1.383 million euro savings In the first two months of its validity for Spanish consumers. This figure represents a saving of 22 million Euros per day for Spanish society since the mechanism came into effect.