6 Jan. () –
The average price of electricity for regulated rate customers linked to the wholesale market will plummet this Saturday to 22.62 euros per megawatt hour (MWh), which represents a decrease of 78.43% compared to 104.89 euros. /MWh for this Friday.
In the auction, the average price of light in the wholesale market -the so-called ‘pool’- will be situated for this Saturday at 23.77 euros/MWh. The minimum price, of 4.16 euros, will be given between 3:00 p.m. and 4:00 p.m., while the maximum price will be recorded between 12:00 a.m. and 01:00 a.m., when it will be 53.42 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 Saturday will be in negative figures (-1.15 euros/MWh).
In this way, in the first week of 2023 the average price of electricity for regulated rate customers linked to the wholesale market stands at 90.98 euros/MWh, 45.67% less than in the same period of the previous year. , when the average price was 167.48 euros/MWh.
55.72% 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 51.08 euros/MWh on average, which means 28.46 euros/MWh more than with the compensation for regulated rate customers, who will thus pay 55.72% 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 .
