The price of electricity for customers who have the regulated rate linked to the wholesale market will rise 11.7% on Monday compared to this Sunday, up to 188.78 euros per megawatt hour (MWh).
This price for PVPC customers is the result of adding the average price of the auction in the wholesale market to the compensation that the demand will pay to the combined cycle plants for the application of the ‘Iberian exception’ to cap the price of gas for electricity generation.
In the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – will stand at 143.27 euros/MWh this Monday, which is 25.33 euros more than the price for today ( 117.94 euros/MWh) and an increase of 21.44%, according to data from the Iberian Energy Market Operator (OMIE) collected by Europa Press.
The maximum electricity price for this June 27 will be recorded between 9:00 p.m. and 10:00 p.m., with 181 euros/MWh, while the minimum for the day, of 115.25 euros/MWh, will be between 03:00 04.00 hours.
To this price of the ‘pool’ is added the compensation of 45.51 euros/MWh to the gas companies. This compensation must be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate.
In the absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would have been an average of around 280 euros/MWh, which is around 92 euros/MWh more than with compensation for clients of the regulated rate, who will thus pay around 32% less on average.
Compared to a year ago, the price of electricity for clients of the regulated rate for this Monday is 118% more than the 86 euros/MWh that the pool marked on average at that time.
