Electricity will increase this Monday 4% to 286.21% per megawatt hour (MWh), an adjustment payable based on the results of the wholesale market auction or after the gas cap to compensate the “pool” and the facilities using this material.
According to electricity market operator OMIE and Iberian Gas Market (Mibgas), it will be the wholesale electricity price (the price paid by consumers at a regulated rate). Around €60 lower than the €346.05 MWh would have been paid had the gas cap not been applied Designed for electricity generation.
In a context marked by the energy crisis facing Europe Russian invasion of Ukrainea, Twenty-seven’s Energy Ministers agreed this week to cut electricity consumption and tax the profits of energy companies.
In addition, they asked the European Commission for proposals to study an “immediate and temporary response” in the electricity market, including a cap on the price of gas imported from Russia.
For this Monday, the highest price will be recorded in the US again, of all major European economies. Italy451.31 euro/MWh will be reached. Inside FranceMWh will be 416.88 euro/MWh and payable will be over 408.03 euro/MWh. Germany. In the case of United Kingdomelectricity will be 335.55 pounds/MWh (about 383 euros at the current exchange rate). PortugalIn cases 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.
If only the results of the auction in the wholesale market are taken into account, without including the adjustment that the cap beneficiaries have to pay to compensate the factories using this material, electricity will increase by about 9% to 175.63 euro/MWh.
According to the time zones (excluding the above-mentioned adjustment), the most expensive price will be 240.01 Euro/MWh at 21:00 and 22:00, while the cheapest will be recorded between 14:00 and 15:00:00 at 135 Euro.
AgainTo these amounts we must add the cost of adjusting the gas plants.Its amount varies according to the volume required by the system and its price, and it has reflections on beneficiary households and companies.
For this Monday, the temporary average fix for consumers will be 110.58 Euro/MWh and the final price will be 286.21 Euro/MWh, which is double what it was a year ago.