Average electricity prices for customers under regulated rates who are connected to the wholesale market show a figure around 250 euros per megawatt hour (MWh), according to provisional data from the Iberian Energy Market Operator (OMIE) and reported by Europa Press. The exact value for PVPC customers stands at 251.19 euros per MWh, reflecting the current market dynamics and the latest regulatory adjustments that influence billed energy costs for households and small businesses across Spain and the broader Iberian market.
That price results from combining the wholesale market’s average auction price with the additional compensation paid by demand to the gas-fired plants as part of the Iberian exemption. This exemption is designed to cap electricity costs by moderating gas price pressures used to generate power, thereby affecting the overall amount that PVPC customers must cover. The measure translates into a direct impact on the end price faced by consumers, reinforcing the link between wholesale market conditions and household electricity bills.
During the upcoming Sunday, the day-ahead auction price for the wholesale market, often referred to as the “pool,” is expected to average 136.99 euros per MWh. Within the day, the highest hourly spike is anticipated between 22:00 and 23:00, reaching 22.01 euros per MWh, while the lowest hourly price is projected from 17:00 to 18:00, at 91.47 euros per MWh. These fluctuations illustrate the volatility inherent in wholesale pricing and its direct influence on consumer charges in the short term. The pool price does not operate in isolation; it is complemented by the compensation element, which adds 114.20 euros per MWh to the cost that gas companies receive under the Iberian exemption scheme, ensuring that generation costs linked to gas are reflected in the broader mechanism. In practice, PVPC customers, along with taxpayers benefiting from the measure, are affected differently than those in the free market, where rates are indexed and subject to different pricing dynamics. Acknowledging the distinction helps explain why regulated-rate consumers experience a different price trajectory than those in the open market. via Europa Press and related regulatory disclosures.
10% less than applying the measure
Without the Iberian exemption, the electricity price in Spain would have hovered around 280.43 euros per MWh, a figure that would translate into roughly 29 euros per MWh more than the compensated cost seen by regulated-rate customers. As a result, the intervention provides an approximate 10% reduction on average for these households and small businesses, demonstrating the tangible impact of the policy on monthly energy bills when wholesale conditions would otherwise push prices higher. The current arrangement, which has been in effect since June 15, seeks to dampen extreme gas price swings that feed into electricity generation costs, providing a measure of price stability ahead of the winter period when energy demand typically rises. In practice, the Iberian exemption sets a reference path for natural gas used in electricity production, with an initial increase of 40 euros per MWh during the first six months and then a gradual, fixed increment of five euros per MWh each subsequent month until the measure concludes. This staged approach balances short-term relief with a predictable pricing framework for the medium term. and regulatory notices accompanying the Iberian exemption policy.