The price of electricity rises 26.7% this Tuesday, to 144.73 euros/MWh, a maximum of two weeks

MADRID, 2 Ene.

The price of electricity rises 26.7% this Tuesday, to 144.73 euros/MWh, a maximum of two weeks


The average price of electricity for regulated rate customers linked to the wholesale market will rise this Tuesday, January 3, to 144.73 euros per megawatt hour (MWh), which represents an increase of 26.7% compared to the 114.24 euros/MWh of this Monday.

This new data confirms the upward trend in the price of electricity since the beginning of this year, after last week the prices collapsed some days below 5 euros and with some time slots even at zero euros.

In this way, the price for this Tuesday will be the highest since the one registered on December 17, when it amounted to 186.73 euros/MWh.

In the auction, the average price of light in the wholesale market -the so-called 'pool'- stands for this Tuesday at 138.79 euros/MWh. The minimum price, of 113.63 euros, will be given between 04:00 and 05:00, while the maximum price will be between 09:00 and 10:00, when it will be 171.18 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 Tuesday will be at 5.94 euros/MWh.

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 175.12 euros/MWh on average, which is around 30 euros/MWh more. than with compensation for regulated rate customers, who will thus pay 17% 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 .

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