Tuesday, August 16, 2022

Electricity price will drop by 5.5% this Friday to EUR 276.39/MWh

Electricity will drop 5.5% this Friday to 276.39 megawatt hour (MWh), according to the results of auctions held in the wholesale market or “pools” and adjustments to be paid by beneficiaries of the cap for compensation. Plants that use this material.

In fact, and according to data from electricity market operator OMIE and Iberian Gas Market (Mibgas), the wholesale price of electricity (paid by consumers with a regulated rate) will be around €52 less than yesterday’s 328.15. The euro on which MWh would have been paid if the cap on the price of gas for electricity generation had not been included.

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In comparison, the price without the gas cap (328.15 EUR/MW) is about 39.8% cheaper than the historical maximum recorded on March 8 (544.98 EUR/MW), when it was already running. Russian invasion of Ukraine.

At the European level, electricity will continue to mark very high levels, especially in Italy, where MWh will be paid at 516.08 euros, reaching 600 euros in the afternoon.

For its part, France will record an average price of 499.49 euros/MWh; Whereas in Germany, affected by cuts in Russian gas supply through the Nord Stream 1 gas pipeline, will reach 438.65 Euro/MWh.

Next would be the United Kingdom, setting an average price of £314.96/MW (about 376.21 euros at the current exchange rate).

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Nation World News Desk
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