Although the natural gas prices are high (around 100 Euros) in the international markets and the Government has not yet determined an upper limit, the electricity market has decided to ceasefire on prices. This Friday, the hourly price will reach 7 euros per megawatt-hour during two hours –from 15:00 to 17:00– thanks to the increase renewable generationbasically wind power and its disappearance combined cycles, without production at that time. The result is a average daily price For the wholesale market of 154.7 euros per megawatt-hour, it’s almost 30% lower than Thursday’s price, and lowest price Since the Ukrainian war began.
Specifically, between these two hours this Friday, renewable generation It launches up to 25,000 megawatt hours and is combined with nuclear generation (about 6,000 megawatt hours). Photovoltaic power remains similarly high this Thursday — between 9,000 and 10,000 megawatts — while wind power rises to 16,000 megawatt-hours — also 12,000 megawatt-hours this Thursday.
And this is because of the increase in photovoltaic energy that has driven the number of cheap electricity hours in Spain since this year the high installed capacity of wind power has been added. So far, around 5 am It was the best time for wholesale prices due to low demand and high wind power generation at that time. However, due to the increase in the installed power of solar panels since last year, this has occurred approximately. 17:00
This combined with this this Friday over Spain there is no planned production based on combined cycles (plants burning natural gas). In Portugal yes; but not in the period between 3 pm and 7 pm, which surprisingly price drop At a time like now, falling below 100 euros per megawatt-hour is unusual. Therefore, the hour before and after this period between 15:00 and 17:00 will be relatively low prices of 20 and 14 euros per megawatt hour, respectively, which is normal for these dates.