MADRID/LOGROO, 15 (PRESS EUROPE)
The average price of electricity for regulated rate customers linked to the wholesale market will rise this Thursday by 80.3% compared to yesterday Wednesday, up to 169.13 euros per megawatt hour (MWh).
In the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – settled this Thursday at 131.31 euro/MWh. Therefore, the maximum price will be recorded between 19:00 and 20:00, with 190.72 euros/MWh, while the minimum, of 81.80 euros/MWh, will be recorded between 3:00 and 5:00 , according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
To this ‘pool’ price is added the indemnity to the gas companies which must be paid by the consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or by those who, despite being on the free market, have an indexed tariff, which will be for this Thursday of 37.82 euro/MWh.
37.83% LESS THAN WITHOUT APPLYING THE MEASURE
In the absence of the “Iberian exception” mechanism to limit the price of gas for the production of electricity, the price of electricity in Spain would average around 272.06 euros/MWh, which means 102.93 euros /MWh more than the compensation for customers of the regulated rate, who will thus pay an average of 37.83% less.
The ‘Iberian mechanism’, which came into force on 15 June, limits the price of gas for the production of electricity to an average of 48.8 euros per MWh for a twelve-month period, thus covering next winter, a period in which energy prices are more expensive.
In particular, the ‘Iberian exception’ provides for a path for natural gas for the production of electricity from a price of 40 euros/MWh in the first six months –until 15 December–, and subsequently, a monthly increase of five euro/MWh until the end of the measure.
