Monday, March 27, 2023

Electricity returns more than 250 euros per MW this Wednesday

Electricity Will rise 4.7% to EUR 250.16 this Wednesday megawatt hour (MWh), as per the result of the auction held in the wholesale market or ‘pool’ and adjustments to be paid by the beneficiaries of top al gas To compensate plants use this material.

In fact, and according to data presented by the electricity market operator OMIE and the Iberian Gas Market (MiBGAS), the price of wholesale electricity will be close to EUR 61 is cheaper than EUR 311.54 that would have been paid per MW if the gas price cap had not been included. Destined for power generation.

In this sense, electricity Major European economies continue to growespecially Italy You Francewhere they would average over 500 EUR/MWh.

Thus, MWh will be paid in Italy at 526.21 euros, with peaks that will reach 650 euros in the late afternoon; Whereas in France it will be 529.62 Euro/MWh.

for its part, GermanyWhich is facing a new cut in Russian gas supply through the Nord Stream 1 pipeline, will register a price of 424.49 euros/MWh, compared to £307.55/MWh (about 363.66 euros at the exchange rate) to be received in the UK.

auction in PortugalWhere limits on gas also apply, based on the so-called “Iberian exception”, it has set an average similar to Spain, a country with which it shares a market.

Auctions and Settlements

if only the results of wholesale market auction (without adding adjustments to be paid to beneficiaries of the gas cap to compensate plants that use this material), electricity will become costlier by about 1.5%, up to EUR 148.25/MW.

According to the time band (and always without including the above adjustments), the maximum price will be registered between 9:00 pm and 10:00 pm, with 164.20 EUR/MWh; While the minimum would be 125.12 Euro/MWh between 3:00 and 4:00.

Even thenIn these amounts we need to add the cost of adjustment to gas plantsThe amount of which varies depending on the quantity required by the system and its price, and is given to beneficiary families and businesses.

For this Wednesday, the average adjustment for these consumers will be 101.91 EUR/MWh, with Final price will be 250.16 EUR/MW, more than double -152.96% from a year ago,

Nation World News Desk
Nation World News Desk
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