The electricity market prices on Wednesday in the rest of the European countries also show extreme levels.
Average price of electricity for regulated customers linked to the wholesale market It will rise again on Wednesday, with a 19.4% rebound. about this tuesday, Standing at €436.25 per megawatt-hour (MWh)and therefore a new maximum is recorded since the gas cap came into force, according to provisional data from the operator of the Iberian Energy Market (OMIE).
This price is the result of adding the average wholesale market auction to the compensation that demand for combined cycle power plants would pay. Through the application of the “Iberian exception” To determine the price of gas for electricity generation.
In this way, the electricity price paid by the beneficiaries of the “Iberian exception” will be recorded on Wednesday New max leveland the second in a row after 365.33 euros / megawatt-hour on Tuesday, since the mechanism came into force in mid-June.
At the auction, the average price of electricity on the wholesale market – the so-called “pool” – for Wednesday was set at €186.95 / MWh. The maximum rate will be recorded between 10:00 PM and 11:00 PM.at 236.79 euros / megawatt hour, while the minimum for the day 140.07 euros / megawatt hour, it will be between 5:00 pm and 6:00 pm.
Added to this price of the “assembly” Compensation of €249.3/MWh for gas companies which must be paid by consumers who benefit from this measure, regulated price consumers (PVPC) or those who, despite being in the free market, have an indexed rate.
This increase in the cost of electricity occurs with TTF gas price levels in the Netherlands, a signal in the European market, at extreme levels, primarily driven by Gazprom’s announcement of its reduction from August 31 and for three days of gas injection to Germany. This Tuesday’s MWh of natural gas was trading at just under €270, after noon on Monday at €290.
15% less without the application of the measure
In the absence of the “Iberian exception” mechanism to limit the price of gas for electricity generation, the price of electricity in Spain will be on average 502.11 euros / MWh, which means About 65.86 € / MWh more From regulated price compensation clients, who will therefore pay 15% less on average.
The electricity market prices on Wednesday in the rest of the European countries also show extreme levels. in the case ofrancid higher than €645/MWh, while in to meAnd theObsession It exceeds 624 € / MWh and in Belgium it exceeds 611 € / MWh.
The Iberian Mechanism that entered into force on 15 June, Reducing the price of gas to generate electricity At an average of €48.8 per megawatt-hour over twelve months, thus covering the upcoming winter, a period when energy prices are more expensive.
Specifically, the “Iberian exception” defines a path for natural gas to generate electricity at €40/MWh in the first six months, after which, A monthly increase of five euros / megawatt-hour until the end of the procedure.
The third Deputy Prime Minister and Minister of Environmental Transformation and Demographic Challenge, Teresa Ribera, estimated last week that the “Iberian exception” This means savings of 1,383 million euros for consumers Spanish language in two months of validity.
Ribera pointed out that this figure represents Saving 22 million euros a day for the Spanish community from the entry into force of the mechanism.
(With information from EuropaPress)
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