MADRID, 17 Jun. (EUROPA PRESS) –
The average price of electricity for regulated rate customers linked to the wholesale market will drop this Sunday by 11.39% compared to Saturday, to 86.39 euros per megawatt hour (MWh).
By time slots, the minimum price, of 25.10 euros/MWh, will be given between 2:00 p.m. and 3:00 p.m., while the maximum price will be recorded between 10:00 p.m. and 11:00 p.m., with 137.06 euros/MWh.
In this way, this Sunday, a day when electricity prices usually fall due to lower demand due to being a weekend day, they will once again take a slight breather after the maximums of the last few months registered at the end of week.
The average for the wholesale electricity market so far in June stands at 87.20 euros/MWh, more than one hundred euros less than the 190.05 euros/MWh at which it stood the same month last year. .
Compensation to the gas companies would be added to this average 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 , have an indexed rate, but which is again at 0 euros/MWh, a situation that has been repeated since February 27.
The so-called ‘Iberian exception’ has been extended until December 31, after the agreement reached by Spain and Portugal with the European Commission. Thus, it is extended for seven months, until the end of this year, and it is not excluded that it could be extended for a longer time if said framework is also extended.
Specifically, the agreement not only represents an extension of the Iberian exception that was already applied, but also implies some adjustments to accommodate it, such as the price reference, which until now increased by five euros per month, and will now be smoother.
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 5 euros/MWh every month thereafter. Now, it will increase by 1.1 euros/MWh from last April, to conclude at 65 euros/MWh.
Currently, the mechanism has had no 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 will allow maintain a reasonable price, not so dependent on the evolution of natural gas.
