Electricity Prices Rise Again as Iberian Market Adjusts for Gas Costs

The electricity price on Monday marked a notable shift as markets opened the new year, with a price around 114.24 Euro per megawatt hour MWh. After a stretch of five sessions under 100 Euro, the level sits roughly 108 Euro above the New Year’s reading. This move reflects a temporary adjustment layered onto the wholesale price of 112.55 Euro per MWh, a figure that accounts for charges applied to cover the costs of the gas-powered facilities used to generate electricity. An additional 1.69 Euro per MWh is included after a sequence of negative sessions, illustrating how short term factors can nudge the day ahead market.