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Power surges again this Monday and will cross the 200 EUR/MWh barrier

The price of electricity in the wholesale market (pool) has been set for tomorrow, May 9. 208.74 Euro per MWh…

By admin , in news , at May 8, 2022



The price of electricity in the wholesale market (pool) has been set for tomorrow, May 9. 208.74 Euro per MWh . Feather (Euro/MWh), which represents an increase of 21% over the price set for this Sunday and cross the 200 euro barrier/MWh For the first time since last Wednesday.

According to data from the Iberian Electricity Market Operator (OMIE), the maximum price recorded tomorrow will be between 9:00 pm and 10:00 pm, when it will be 250.44 Euro/MWh, while the minimum price will be 183,94 Euro/MWh. MWH between 3:00 PM to 4:00 PM.

After this increase, the price of electricity is almost Quadruples the amount you marked during the second Monday of May 2% higher than in the previous year (59.26 euros), and 2% higher than the figures for February 24, when the Russian invasion of Ukraine began.

So far this month, the average electricity price has reached 190.85 Euro/MWh. About 100 euros less than the average registered during March (283.3 EUR/MW), the most expensive ever in history, although it is almost double the price for 2021, which was crowned the most cumbersome year in the historic series with 111.4 EUR/MW.

Wholesale market prices have a direct impact on regulated tariffs, or PVPCs, which include about 11 million consumers in Spain, and serve as a reference for another 17 million who contract their supplies on the free market.

In this sense, Russian invasion of Ukraine is causing tension in the energy marketParticularly in the case of gas, because of the risk of slowing Russian imports into Europe by EU-imposed sanctions.

The government has approved a national plan to respond to the economic and social consequences of the situation in Ukraine, including a reduction in the tax on taxes levied on electricity bills until 30 June and an extension of the electricity social bonus until it reaches 1.9. lakh beneficiary families

In addition, the European Council recognized Spain and Portugal’s difficulty in dealing with high energy prices, which would allow both countries to benefit from “special treatment” in their response, which goes ahead. set max gas price which is used to generate electricity.

In this sense, the European Commission has initially agreed to set this limit at 40 Euros/MW during the next twelve months, to stabilize the average at around 50 Euros during this period, thus reducing the cost to Iberian consumers. Lowers the cost of electricity, a rebate that consumers will notice from this month.

For the rest of the European countries, tomorrow the megawatt hour in the United Kingdom will be paid for on average £132.6613 (approximately EUR 155), while in Germany it will be paid for EUR 216.81; in France, at 219.25 euros; in Italy, at 255.52 euros; And in Portugal, by market sharing, at the same price as in Spain.