Electricity price fell below 200 euros this Sunday

Average price of electricity in the wholesale market Will drop 5.01% this Sunday As of this Saturday, stands below the 200 euro per megawatt hour (MWh) level.

Notably, according to data published by the Iberian Market Operator of Energy (OMIE) and collected by Europa Press, the average electricity price this Sunday will be 193.65 euros/MWh, which is about 10 percent above the price this Saturday (203.86 euros). Euro is cheap.

Thus, on 5th June the maximum price of electricity will be recorded between 10:00 PM to 11:00 PM with 245 EUR/MWh, while the minimum price for the day will be 153.51 EUR/MW between 4:00 PM . p.m. and 5:00 p.m.

The average electricity price on this Saturday as compared to a year ago will be 154.23% more expensive . From 76.17 Euro/MWh 5 June 2021.

prices’pool’ has a direct impact on regulated tariffs—the so-called PVPCs—which cover about 11 million households in the country, and serve as a reference for another 17 million who have contracted their supplies on the free market.

In fact, the National Markets and Competition Commission (CNMC) has verified that in 2021, in the framework of energy’s upward spiral, approximately 1.25 million people switched from PVPC at a fixed price to a free market at a rate.

waiting for gas cap

On 14 May, the Official State Gazette (BOE) published the Royal Decree-Law, establishing the mechanism for limit gas price To generate electricity at an average rate of 48.8 euros per megawatt/hour (MW) over a twelve-month period, thus covering the coming winter, a period in which energy prices are more expensive.

However, Tantra, despite being published as a Royal Decree-Law, Brussels’ formal decision pending and its application is to be initialed by an ecological transition order.

The government has reduced the calculation of the average power consumer covered by the PVPC regulated rate by 15.3% during the 12 months of application of the approved cap on the generation of electricity from natural gas, as per reports of the impact of the same. decree law and to which it had access Europa Press.

For the industrial consumer, who is fully exposed to the spot price, the government estimates that the bill will reduce by between 18% and 20%, between 15% and 17% in the first month of the mechanism, and by 13%. There will be an oscillation between 15%. in the latter.

Despite this, the Minister for Ecological Transition and Demographic Challenge, Teresa Ribera, has acknowledged that there is some “uncertainty” in calculating the exact reduction in the price of electricity when gas limits for generating electricity are implemented, but maintained. Holds that the executive forecasts it will fluctuate between 15% and 20%.