This electricity price scenario shows a rise this Thursday of 9.12 euros, which is 4.3% higher, bringing the rate to 220.49 euros per MWh. The change follows results from the wholesale electricity auction held on the preceding Wednesday.
The adjustment includes a figure correction covered by beneficiaries and reflects the compensation mechanisms used by facilities that rely on this fuel to generate power.
If the Iberian mechanism were not in place, the wholesale price would be higher, estimated at 1.19 euros per MWh more, according to data from the Iberian Electricity Market Operator (OMIE) and the Iberian Gas Market (Mibgas), yielding around 221.68 euros per MWh.
In Portugal, where the gas price cap for electricity generation is also applied under the so‑called Iberian exception, the price aligns with the Iberian market, mirroring Spain’s levels.
Across Europe, wholesale prices differ: Italy at 273.85 euros per MWh, France at 259.90 euros per MWh, Germany at 257.46 euros per MWh, and the United Kingdom at 223.48 euros per MWh on the same day.
When only auction results are considered, excluding adjustments paid by gas cap holders, the price per MWh stands at 145.72 euros.
Excluding such adjustments, and depending on time zones, the most expensive hour is expected between 20:00 and 21:00 at about 202.07 euros per MWh, while the cheapest window occurs between 16:00 and 17:00 at roughly 113.06 euros per MWh.
The temporary average adjustment for consumers today is 74.77 euros per MWh, resulting in a final price of 220.49 euros per MWh, roughly 18.71% higher than a year ago.
However, these figures must also incorporate the costs linked to adjusting gas-fired plants, which vary with the volume required and the overall system price, affecting both households and beneficiary companies.