The average electricity price for customers on regulated tariffs is projected to change on Tuesday, driven by movements in the wholesale market. Provisional data from the Iberian Energy Market Operator indicate a 2.84% shift through the coming Monday, with a reference figure of €106.66 per megawatt-hour noted for Tuesday. This snapshot reflects the ongoing influence of the Iberian mechanism on daily pricing and how wholesale dynamics translate into what households and businesses pay in the shorter term (OMIE).
This shift comes within the context of the so‑called Iberian exception, now in its sixth consecutive day of operation. The policy keeps the price of gas used to generate electricity within a capped range, a measure that has remained in place since mid‑June because the reference gas price for power plants stands below the limit of €40 per MWh. This arrangement is designed to cushion consumers from abrupt spikes while market fundamentals evolve (OMIE).
At the auctions, the wholesale pool price for electricity remains a central reference, with Tuesday showing an average of €106.66 per MWh. The intraday price pattern shows a maximum of €153.32 per MWh between 21:00 and 22:00, and a minimum of €78.60 per MWh during the early hours between 05:00 and 07:00. For households and small businesses on regulated tariff plans, compensation may still apply as part of the mechanism’s framework, while those on free market options observe a related adjustment. This Tuesday, the indexed rate linked to the Iberian mechanism is expected to be zero again, reinforcing the policy’s temporary nature (OMIE).
The Iberian mechanism places an overarching cap on what can be paid for natural gas used in electricity generation, anchoring the average price near a defined level over a rolling period. The policy aims to reduce energy bills by limiting volatility, a consideration that becomes particularly relevant as the winter season approaches when energy demand typically rises and price pressures can intensify (OMIE). The broader intent is to provide predictability to consumers while the market monitors evolving supply conditions, infrastructure constraints, and international energy flows that influence gas and power pricing across the Iberian Peninsula (OMIE).
Specifically, the Iberian exception sets the price for gas‑fired electricity at €40 per MWh for the first six months, through 15 December, with a planned monthly increase of €5 per MWh thereafter until the end of the measurement period. This scheduled adjustment reflects the balancing act between keeping consumer costs manageable and ensuring adequate investment signals for energy generation capacity. The strategy is intended to shield consumers during peak demand periods, even as global and regional energy markets shift and recalibrate pricing relationships over time (OMIE).