this average electricity price for regulated rate customers linked to the wholesale market It will drop 21.1% on Saturday until this Friday, 189.3 €/MWhAccording 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 electricity price in the wholesale market – the so-called ‘pool’ – stands at 119.31 Euro/MWh for this Saturday. this The maximum price will be recorded between 22:00 and 23:00.With 190.01 Euro/MWh, minimum 81.49 Euro/MWh for the day will be between 13:00 and 14:00. To this price of the ‘Pool’ is added the compensation of 69.99 Euro/MWh, which must be paid to gas companies, even though consumers benefiting from the measure, regulated tariff (PVPC) consumers or taxpayers. In the free market, it has an indexed rate.
7.8% less
In the absence of the ‘Iberian exception’ mechanism that limits the price of gas for electricity generation, the price of electricity in Spain would average 205.36 euros/MWh, which means: €16/MWh more Thus, more than compensation for regulated rate customers who will pay 7.8% 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.
The Ministry of Ecological Transition and Demographic Struggle has issued a proposal for a Royal Decree for public information. reduce the volatility of the regulated tariffPutting more weight on futures markets, which will gradually grow until they represent 55, to provide more stability to a rate that has been particularly affected by the volatility of the electricity market last year, called PVPC. % in 2025.
Specifically, the proposal proposes to include a medium and long-term price basket in the formula for calculating PVPC contracted by the owners of approximately nine million supply points, which is 35% of the country, to avoid strong fluctuations without short-term losses. price references that encourage savings and efficient consumption.