The price of electricity falls 62% this Sunday, to 8.58 euros/MWh

7 Jan. () –

The average price of electricity for regulated rate customers linked to the wholesale market will fall this Sunday to 8.58 euros per megawatt hour (MWh), which represents a decrease of 62.07% compared to 22.62 euros/ MWh this Saturday.

In the auction, the average price of light in the wholesale market -the so-called ‘pool’- stands for this Sunday at 10.28 euros/MWh. The minimum price, of 4.16 euros, will be given between 04:00 and 09:00, while the maximum price is recorded between 20:00 and 22:00, when it will be 40 euros.

Compensation for gas companies is added to this pool price, which must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being on the free market, They have an indexed rate, which for this Sunday is in negative figures (-1.70 euros/MWh).

77.19% LESS THAN WITHOUT APPLYING THE IBERIAN EXCEPTION

In the absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would be around 37.61 euros/MWh on average, which means 29.03 euros/MWh more than with the compensation for regulated rate customers, who will thus pay 77.19% less on average.

The ‘Iberian mechanism’, which came into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering next winter, a period in which energy prices are more expensive.

Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation from a price of 40 euros/MWh in the initial six months, and subsequently, a monthly increase of five euros/MWh until the end of the measure .