this average electricity price for regulated rate customers linked to the wholesale market up 34.6% this Monday until this sunday 261.99 € Megawatt-hours according to provisional data from the Iberian Energy Market Operator (OMIE) collected by the EP.
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 auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – stands at 193.03 euros/MWh this Monday. this The maximum price will be recorded between 20:00 and 21:00.With 248.80 euro/MWh, the minimum for the day would be 147.70 euro/MWh between 03:00 and 04:00.
To this price of the ‘Pool’ is added the compensation of 68.96 Euro/MWh, which must be paid to gas companies, whether consumers benefiting from the measure, regulated tariff (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
12% less
Electricity price in Spain in absence of ‘Iberian exception’ mechanism that limits gas price for electricity generation on average it will be around 298 euro/MWh.what it means €36/MWh more Thus, more than compensation for regulated rate customers who will pay 12% 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.