The price of electricity in the wholesale market will drop by 2.74% this Friday compared to today, which is why it falls for the second day in a row and remains below the level of 200 euros megawatt hour (MWh) per seventh consecutive day, according to data published by the Iberian Energy Market Operator (OMIE) and collected by EP.
The maximum electricity price for this Friday will be registered between 9:00 p.m. and 10:00 p.m., with 214.57 euros/MWh, while the minimum for the day, of 146.04 euros/MWh, will be registered between 03:00 and 05.00 hours.
Compared to a year ago, the average price of electricity for this Friday will be 95.45% more expensive than the 86.23 euros/MWh of May 27, 2021.
The prices of the ‘pool’ have a direct impact on the regulated rate –the so-called PVPC–, to which almost 11 million households in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market.
In fact, the National Commission of Markets and Competition (CNMC) has verified that in 2021, in the framework of the upward spiral of energy, around 1.25 million people switched from the PVPC to a rate in the free market at a fixed price.
