this average electricity price for regulated rate customers linked to the wholesale market it will drop 36.12% this Saturday until this Friday, €17.46 Therefore, three days before the ‘Iberian exception’ comes into effect will be the cheapest day since June 12, according to provisional data from the Iberian Energy Market Operator (OMIE) collected by the EP.
The fall in the electricity price this Saturday comes together, on the one hand, with lower demand, which is usual on weekends, and on the other hand, the increase in wind generation, which will cover 26.6 percent of national demand. This price is the result of adding the average of the auction in the wholesale market to the compensation that the demand will pay to the combined cycle power plants for the application of the ‘Iberian exemption’. raise the price of gas for electricity generation.
At the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – will be 61.68 Euro/MWh this Saturday. this The maximum price will be recorded between 21:00 and 22:00.With 167.5 euro/MWh, a minimum of 10 euro/MWh for the day will be between 11:00 and 12:00.
To this price of the ‘Pool’ is added the compensation of 115.78 Euro/MWh, which must be paid to gas companies although consumers benefiting from the measure, regulated rate (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
33.92% less
In the absence of the ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain is on average about 268.55 €/MWhThis is more than the adjusted rate compensation for customers who pay more than 91.09 Euro/MWh, thus paying 33.92% 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’ sets a path for natural gas for electricity generation, with an increase of €40/MWh in the first six months and then five euros/MWh monthly until the end of the measure.