Average electricity price for regulated rate customers connected to the wholesale market this market will drop 0.92% Regarding this Saturday, up to 382.31 euros 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.
Like this, the price will drop a little again and stays away from the maximums that have soared to 436.25 euro/MWh since the entry into force of the ‘Iberian exception’ they marked last Tuesday and Wednesday.
At the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – was set at 138.74 Euro/MWh for this Sunday. this Maximum price will register from 10:00 to 23:00with 225 Euro/MWh minimum 57.91 euro/MWh will be given for the day Between 11:00 and 12:00.
To this ‘pool’ price is added the compensation of 243.57 Euro/MWh, which must be paid to gas companies although consumers benefiting from the measure are regulated rate (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
This spiral of high electricity prices that occurred during this week, some price levels gas natural at maximum levelsDue to Gazprom’s announcement to Germany that it will cut off the gas pump for three days from 31 August.
17% less than applying the measure
In the absence of the ‘Iberian exception’ mechanism that limits the gas price for electricity generation, the price of electricity in Spain will average around 460.76 Euro/MWh, ie about 78.45 euro/MWh more Thus, more than compensation for regulated rate customers who would pay 17.03% 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’ It sets the path for natural gas for electricity generation at a price of 40 Euro/MWh an increase of five Euro/MWh per month in the first six months and then until the end of the measure.
Government, ‘Iberian exception’ It means savings of 1,383 million euros 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.