About 27 euros less than the price per MWh if the gas price limit is not included
July 17 () –
The average price of electricity for regulated rate customers linked to the wholesale market will drop this Monday by around 6% compared to this Sunday, to 214.75 euros per megawatt hour (MWh), according to provisional data from the Operator of the Iberian Energy Market (OMIE) collected by Europa Press.
This price for PVPC customers is the result of adding the average price of the auction in the wholesale market to the compensation that the demand will pay to the combined cycle plants for the application of the ‘Iberian exception’ to cap the price of gas for electricity generation.
In the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – stands for this Monday at 115.77 euros/MWh. The maximum price will be registered at 8:00 a.m., with 150 euros/MWh, while the minimum for the day, of 91.27 euros/MWh, will be given at 5:00 p.m.
To this price of the ‘pool’ is added the compensation of 98.98 euros/MWh to the gas companies that has to be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated rate (PVPC) or those who, despite being in the free market, they have an indexed rate.
In the absence of the ‘Iberian exception’ mechanism to limit the price of gas for the generation of electricity, the price of electricity in Spain would have been on average around 241.77 euros/MWh, which is around 27 euros/MWh more than with the compensation for customers of the regulated rate.
Add Comment