The price of electricity rises 3.8% this Sunday, to 143.92 euros/MWh

MADRID, 4 Mar.

The price of electricity rises 3.8% this Sunday, to 143.92 euros/MWh


The average price of electricity for regulated rate customers linked to the wholesale market rises this Sunday to 143.92 euros per megawatt hour (MWh), which represents an increase of 3.86% compared to 138.57 euros/ MWh this Saturday.

In the auction, the average price of light in the wholesale market -the so-called 'pool'- stands for this Sunday at 143.92 euros/MWh. The minimum price, of 123.26 euros/MWh, will be given between 2:00 p.m. and 3:00 p.m., while the maximum price will be recorded between 8:00 p.m. and 9:00 p.m., when it will be 184.02 euros/MWh.

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 at 0 euros/MWh for the seventh consecutive day.

In this sense, the average price of electricity until March 5 stands at 142.6 euros/MWh, that is, almost 20 euros higher than the average of 120.54 euros/MWh for the same period last month.

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 . From this Thursday and throughout the month the price will be 55 euros/MWh.