Jan. 1 () –
The average price of electricity for regulated rate customers linked to the wholesale market will rise this Monday, January 2, to 114.24 euros per megawatt hour (MWh), which represents an increase of 1,852.82% compared to Sunday , when the price was 5.85 euros/MWh.
In the auction, the average price of light in the wholesale market -the so-called ‘pool’- stands for this Monday at 112.55 euros/MWh. The minimum price, of 42 euros, will be given between 02:00 and 03:00, while the maximum price will be between 18:00 and 19:00, when it will be 174.74 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 Monday will be at 1.69 euros/MWh.
23% 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 148.46 euros/MWh on average, which is around 34.22 euros/ MWh more than with the compensation for customers of the regulated rate, who will thus pay 23.05% 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 .
