The average price for regulated rate customers tied to the wholesale market is scheduled to rise by 6 percent from today through Thursday, reaching €218.19 per megawatt hour MWh. This shift reflects broader wholesale dynamics that affect household bills through the pvpc and indexed rate options.
In the auction, the Friday wholesale market price, commonly referred to as the pool, stood at €127.62 per MWh. The highest hourly spike is expected between 20:00 and 21:00. Provisional figures from the Iberian Electricity Market Operator OMIE show a daily low of €91.79 per MWh from 11:00 to 12:00, with a peak of €171.95 per MWh recorded during the day. These values illustrate the typical intraday volatility that comes with weekend planning and seasonal demand shifts, and they influence how suppliers price the pool for consumers.
On top of the pool price, a compensation charge is added to cover gas company costs. Consumers benefiting from the measure will see a charge of €90.57 per MWh for this Friday, a cost that is borne by regulated rate PVPC customers or those on indexed rates—even if they are currently in a free market contract. This adjustment helps stabilize the market when gas prices swing and supports generation costs across the system. [Citation OMIE data]
22.36% less
Without an Iberian exception mechanism to cap gas prices for electricity generation, the national average electricity price in Spain would hover around €281.06 per MWh. That figure is roughly €62.87 per MWh higher than the current compensation and would mean that regulated-rate customers would face substantially steeper bills on average. The policy step effectively reduces the apparent price burden by about 22.36 percent for these customers, compared with the market baseline. [Source OMIE provisional data]
The Iberian mechanism, which began on June 15, sets a cap on gas prices for electricity generation at an average of €48.8 per MWh for the first six months, designed to cushion the winter period that typically brings higher energy costs. This framework provides a predictable price environment albeit with some ongoing volatility as market conditions evolve. The policy is intended to cover the coming season by anchoring costs while market fundamentals adjust. [Analytical takeaway from OMIE filings]
Concretely, the Iberian exception stipulates that natural gas used for electricity generation is available at €40 per MWh in the initial six months through December 15, after which the price steps up by €5 per MWh each month until the end of the measure. This stepped approach aims to balance short term relief with a gradual normalization of energy pricing as supply and demand dynamics shift across the Iberian Peninsula. [Implementation notes from OMIE]