this electric it will drop about 18% this Friday, up to 375.84 Euros per megawatt hour (MWh) according to the results of the auction on the wholesale market or in the “pool”, and according to the adjustment to be paid thereafter to the top gas To compensate for the plants that use this material.
Also, according to data from electricity market operator OMIE and Iberian Gas Market (Mibgas), the wholesale price of electricity will be around (paid by consumers at a regulated rate). 48 euros less Compared to the €423.19 MWh would have been paid had the gas cap for electricity generation not been included.
This new decline comes after the second consecutive president of the European Commission. Ursula von der LeyenIt will announce a possible “urgent response” in the electricity market on Tuesday afternoon.
The Commission’s decision came after an August that set record prices across Europe, with an average of 308.63 Euro/MWh in Spain, the most expensive month of electricity.
In this sense, it will continue to cause the energy instability that the Old Continent has been subjected to. historically high levels in the main economies of the continent, although tomorrow there is a significant decline in most countries.
this The highest price will be recorded in Italyinstead of falling to 524.34 euro/MWh; France follows it with 516.69 euro/MWh.
In Germany, an average price of EUR 422.25/MWh will be achieved, compared to £327.87/MWh in the UK (about EUR 379 at the current exchange rate).
In Portugal, where the gas cap is also applied due to the so-called “Iberian exception”, the auction price will be the same as in Spain, with which it shares its market.
Auction and setup
If only the results of the auction in the wholesale market are taken into account, not including the regulation that gas cap beneficiaries have to pay to compensate the power plants using this material, electricity will drop by 21% to 152. €.14/MWh.
According to time zones (and not always including the adjustment mentioned above), The maximum price will be recorded between 21:00 and 22:00.with 205.27 Euro/MWh; The minimum will be 119.77 Euro/MWh between 16:00 and 17:00.
To these amounts, however, it is necessary to add the cost of adjusting the gas power plants, which vary depending on the volume required and the price of the system, affecting households and beneficiary companies.
For tomorrow, the temporary average adjustment for consumers will be 223.7 Euros/MWh, roughly 70 Euros higher than the auction’s average price where the final price will be 375.84 Euro/MWh, more than double what it was a year ago.