The average price of electricity for regulated-rate customers linked to the wholesale market rose this Saturday by 16.85% compared to Friday, to €186.73 per megawatt-hour (MWh).
At auction, the average wholesale market price for light – the so-called poo – stands on Saturday at €133.82/mWh. Thus, the maximum rate will be recorded between 7:00 pm and 8:00 pm, at 150.05 € / MWh, while the minimum will be 109.99 € / MWh between 3:00 pm and 4:00 pm, according to collected Interim data from the Iberian Energy Market Operator (OMIE) by Europa Press.
To this combined price is added the compensation to the gas companies that must be paid by consumers benefiting from the measure, regulated tariff consumers (PVPC) or those who, despite being on the free market, have an indexed tariff, which for Saturday is 52.91 € / MWh.
31% less than without applying the measure
In the absence of the Iberian exception mechanism to fix the price of gas for electricity generation, the price of electricity in Spain would be around €270.37/MWh on average, about €83.64/MWh more than compensating customers with a regulated rate, who would therefore pay 30.9% less on average.
The Iberian mechanism, which entered into force on June 15, sets the price of gas for electricity generation at an average of 48.8 euros per megawatt-hour for twelve months, thus covering the coming winter, a period when energy prices are more expensive. .
Specifically, the Iberian exception sets a path for natural gas to generate electricity from a price of €40/MWh in the first six months, and thus a monthly increase of €5/MWh until the end of the measure.
high in December
In the first two weeks of December, the average daily price for the Spanish wholesale market (combined) was €137.05/MWh, which added the additional cost that the gas cap adjustment would require to consumers (€67.37/MWh) at €204.41/MWh. megawatt-hours, which is an increase of 64.30% compared to November, but 14.5% less than last year, according to calculations by the Amman Stock Exchange Group.
This rise in electricity in the first half of December is due to the daily price of Mibgas, driven by the marked increase in the price of gas in Europe, and because during the first week of this month there were low temperatures and a decrease in wind production. .
However, the price in Spain is 46.7% lower than in large European economies due to the gas cap, according to the Advisors analysts, who estimate that electricity will stay below €200/MWh for the remainder of December if the weather forecast holds true. fulfilled.
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