this electric It will drop 23% to 221.02 euros on Tuesday megawatt hour (MWh), adjustment payable based on auction results on the wholesale market or ‘pool’ and after the gas cap to compensate for facilities using this material.
According to the operator of the electricity market OMIE and the Iberian Gas Market (Mibgas), the wholesale price of electricity (paid by consumers at a regulated rate) is approximately 96 euros lower Compared to EUR 316.59 MWh would have been paid had the gas cap for electricity generation not been included.
In a context marked by the energy crisis facing Europe due to Russia’s invasion of Ukraine, the 27 Energy Ministers reached an agreement last week. reduce electricity consumption and tax profits from 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.
On Tuesday, in major European economies, the highest price will be recorded again Italy456.94 euro/MWh will be reached. MWh in France will be 444.21 euro/MWh over the 392.37 euro/MWh payable in Germany. In the UK example, electricity tomorrow will be at 339.47 pounds/MWh (about 391 euros at current exchange rates). 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 substance, electricity will drop by about 27%. 128.75 Euro/MWh.
According to the time zones (excluding the above-mentioned adjustment), The most expensive price will be reached between 21:00 and 22:00. It will be recorded at 212 euro/MWh, the cheapest at 90 euro, between 5:00 and 6:00 am. 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 Tuesday, the temporary average correction for consumers will be 92.27 Euro/MWh and the final price will be 221.02 Euro/MWh, 43% more than a year ago.