The price of electricity rose 23.4% this Thursday, to 98.19 euros/MWh

MADRID, 27 Dic.

The price of electricity rose 23.4% this Thursday, to 98.19 euros/MWh


The average price of electricity for regulated tariff customers linked to the wholesale market will rise this Thursday, December 28, by 23.4% compared to Wednesday, to 98.19 euros per megawatt hour (MWh).

The maximum price, of 128.46 euros/MWh, will be recorded between 8:00 p.m. and 9:00 p.m., while the minimum price, of 75.18 euros/MWh, will be recorded between 4:00 a.m. and 5:00 a.m., according to provisional data. of the Iberian Energy Market Operator (OMIE) collected by Europa Press.

So far in December, the average price of the electricity pool stands at 72.7 euros/MWh, compared to the 96.95 euros/MWh that it marked on average in the same month of 2022.

Compensation to the gas companies would be added to the average price of the 'pool', which has to be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, They have an indexed rate, but it is once again at 0 euros/MWh, a situation that has been repeated since February 27.

The so-called 'Iberian exception' was extended until December 31, following the agreement reached by Spain and Portugal with the European Commission.

Thus, it lasted seven months, until the end of this year, when it will finally decline, as recently announced by the third vice president and Minister of Ecological Transition, Teresa Ribera.

The agreement not only represented an extension of the Iberian exception that was already applied, but also implied some adjustments to accommodate it, such as the price reference, which until then had increased by five euros per month, and became softer.

In the original agreement, the aforementioned reference price for gas had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, rising by 5 euros/MWh each month thereafter. It has increased by 1.1 euros/MWh since last April, ending at 65 euros/MWh.

Currently, the mechanism has not had any effect on the marginal matching processes in the wholesale markets since the end of February due to the drop in the price of natural gas below the thresholds set for its application, but, if necessary, the extension allows maintaining a reasonable price, not so dependent on the evolution of natural gas.