Electricity will increase on Friday More than 16%, up to 153 Euros per megawatt hour (MWh)adjustment payable in the wholesale market and after the gas cap to compensate factories, based on the results of this Thursday’s auction.
On Friday, the price will end the downtrend of the past few days, but It will remain below the 200 euro/MW barrier for the seventh consecutive dayh, in six of the last seven days the price was lower than a year ago.
In addition, according to electricity market operator OMIE and Iberian Gas Market (Mibgas), the wholesale price of electricity will be (paid by consumers at a regulated rate). Around €60 lower than the €214 MWh would have been paid had the gas cap not been applied Designed for electricity generation.
It will close the month with the lowest average price since the gas limit came into effect on 15 June, like September, slightly exceeding the average of 243 Euro/MWh, 21% less than the average price in Augustmost expensive in history.
In a context marked by the energy crisis experienced by Europe after Russia’s invasion of Ukraine, Brussels is preparing new measures to combat the high energy prices to be defined in the EU. Extraordinary council of energy ministers will be held next Friday.
These include reducing energy consumption during peak hours, limiting the fees for renewable and nuclear, introducing a tax on the extraordinary earnings of energy companies, and reforming the energy market to decouple generation from renewable energy in the longer term. gas.
For this Friday, the highest price among the major European economies will be recorded in Italy, where it will again reach 385 euro/MWh. Inside FranceAt 347 euros MWh, it will be just over 316 euros payable. Germany. In the UK, it will reach 190 pounds/MWh (about 212 euros at the current exchange rate). Inside PortugalIn cases 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, without including the adjustment that the gas cap beneficiaries have to pay to compensate the factories using this material,Electricity will increase by more than 3% to stay at 118 Euro/MWh.
According to the time zones (excluding the above-mentioned adjustment), the most expensive price will be reached between 218 and 22:00 with 218 euro/MWh; the cheapest will be 80 euros to register between 15:00 and 16:00.
Again, these amounts must be added to the cost of adjusting the gas power plants.Its amount varies according to the volume required by the system and its price, and it has reflections on beneficiary households and companies.
For tomorrow, the provisional average adjustment for consumers will be almost 35 Euro/MWh, bringing the final price to 153 Euro/MWh, about 20% less than a year ago.