this average electricity price for regulated rate customers linked to the wholesale market will drop 15.13% this Friday compared to this Thursday and will be back Below 300 euros Per megawatt hour (MWh) according to provisional data from the Iberian Energy Market Operator (OMIE) collected by the EP.
Specifically, the average price this Friday 277.82 euro/MWh, ie 49.51 euro less this thursday. 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.
At the auction, the average electricity price in the wholesale market – the so-called ‘pool’ – will be 171.46 euros/MWh this Friday. this The maximum price will be recorded between 21:00 and 22:00.With 202.28 euro/MWh, the minimum 140 euro/MWh for the day will be between 16:00 and 17:00.
To this ‘pool’ price is added the 106.36 Euro/MWh compensation due to consumers benefiting from the measure, consumers of the regulated rate (PVPC) or gas companies nonetheless. Since they are in the free market, they have an indexed rate.
27.44% less
In the absence of the ‘Iberian exemption’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain will average 382.9 Euro/MWh. More than compensation 105.08 Euro/MWh So for regulated rate customers who will pay 27.44% 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’ is a way for him natural gas for the next generation electric a price of 40 euros/MWh in the first six months, followed by an increase of five euros/MWh per month until the end of the measure.
Teresa Ribera, third vice-president and minister for Ecological Transition, calculates that the measure saved 2,300m euros for families and companies in the first three months.