On Monday, electricity costs set to rise as megawatt-hours (MWh) reach nearly a 46 percent increase, with a price tag of 258.68 euros. A gas price ceiling is in effect and will be paid by beneficiaries based on wholesale market results or the pool, plus a compensation to facilities using natural gas as a fuel source.
If these figures hold, consumers could see a savings of about 25 euros per MWh. Without the gas price cap, the Iberian Peninsula would face a payable rate around 283.59 euros per MWh, underscoring the cap as a key factor in current electricity generation plans for the week.
Market data reviewed by Efe indicates that, when the pool price is calculated without the cap, the gas limit would have reduced the average daily price by roughly 36 euros compared with the observed rate near 268.88 euros per MWh that is being accumulated.
A return to productive activity after the weekend is pushing electricity prices higher. A similar pattern has appeared in several European economies, with Italy among those noting a rise that could push prices toward 309 euros per MWh for the coming day and potentially as high as 394.96 euros.
Focusing solely on wholesale market auction results that have traditionally set the next day’s price, the overall charge is seen as up by about 28.4 percent, reaching an average of 157.48 euros per MWh compared with the 122.61 euros marked for this market previously.
Time zone analyses show the peak payable window between 23:00 and 12:00, where prices could hit as high as 197.91 euros per MWh. Conversely, the minimum rate is anticipated between 17:00 and 18:00, dropping to around 110.44 euros per MWh.
Nevertheless, these totals must be supplemented by the gas plant adjustment costs that the system requires. The adjustment amount, which varies with volume and system demand, is passed through to beneficiaries, including households and workplaces.
For Monday, the average adjustment for consumers is expected to be around 101.2 euros per MWh. Implementing the latest data from the Iberian Electricity Market Operator, OMIE, within an hour of determining the pool price, the MWh cost would rise by about 45.6 percent from the previous market cost of 177.64 euros, when including availability charges.