For seven hours, between 10:00 and 17:00, the price will be 0 euros
MADRID, 26 Ago. (EUROPA PRESS) –
The average price of electricity for regulated rate customers linked to the wholesale market will fall this Sunday, August 27, by 48.65% compared to this Saturday, to 52.31 euros per megawatt hour (MWh).
By time slots, the maximum price, of 127.55 euros/MWh, will be recorded between 9:00 p.m. and 10:00 p.m., while the minimum price will be given between 10:00 a.m. and 5:00 p.m., with 0 euros/MWh, according to the data. provisional statements of the Iberian Energy Market Operator (OMIE) collected by Europa Press.
In this way, the price of electricity continues to fall for the fourth consecutive day, after last Wednesday reaching its highest level of the summer for one day and the maximum since the beginning of March, with 134.94 euros/MWh.
In these 27 days of the month, the electricity market average stands at almost 95.04 euros/MWh, compared to the 288.35 euros/MWh registered in August 2022.
To this average price of the ‘pool’ would be added the compensation to the gas companies, which must 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 , 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’ was extended until December 31, after the agreement reached by Spain and Portugal with the European Commission.
Thus, it lasted seven months, until the end of this year, and it was not ruled out that it could last longer if said framework was also extended.
Specifically, 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 5 euros/MWh each month thereafter. It increases by 1.1 euros/MWh since 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 fall in the price of natural gas below the thresholds set for its application, but, if necessary, the extension will allow the maintenance of a reasonable price, not so dependent on the evolution of natural gas.
