Average electricity price for regulated rate customers connected to the wholesale market this Sunday is down 42% compared to this Saturday and will be below the 100 euro barrier megawatt hours (MWh) for the first time since last April.
Specifically, the price it will stop at 90.34 euro/MWh tomorrowIt represents the third consecutive decline and the lowest since the implementation of the ‘Iberian exception’, according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
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 90.34 Euros per MWh for this Market lowest price for regulated rate customers Attached to the wholesale market since April 23.
At auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – stands at 71.97 Euro/MWh this Sunday. this Maximum price registered Between 9:00 and 22:00with 156.82 euro/MWh minimum amount 1.29 euro/MWh will be given for the day Between 15.00 and 17.00.
To this price of the ‘Pool’ is added the compensation of 18.37 euros/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.
Almost 50% less than applying the measure
In the absence of the ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the electricity price in Spain would average 177.82 euro/MWh, which is 87.48 euro/MWh more than customers’ compensation. Thus, on average, the adjusted rate will pay 49.2% less.
‘Iberian mechanism’, Entered into force on 15 JuneIt 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 are more expensive.
Specifically, ‘Iberian exception’ clusters a way for him gas natural for electricity generation at a price of 40 Euro/MWh in the first six monthsfollowed by an increase of five euro/MWh per month until the end of the measure.