Tuesday, September 27, 2022

Electricity rose 21% to 385.85 euro per megawatt




Electricity will rise more than 21% to 385.85 euros per megawatt hour (MWh) this Saturday, its fifth highest price on recordAn adjustment to be paid after the gas cap to compensate plants using this material, according to the results of the auction in the wholesale market or “pool”.

In addition, the price of electricity tariffs will be the second highest since the gas cap came into force on 15 June, although it is still 29% lower than the previous maximum registered on 8 March of 544.98 euros/MW, introduced almost two weeks later. Russian invasion of Ukraine,

However, according to the data of the operator of OMIE Electricity Market and Iberian Gas Market (Mibagas), were wholesaler price of electricity (with a regulated rate paid by the consumers) will be close to 106 euro less Compared to EUR 492.19 on which MWh would have been paid had the gas ceiling been not included for electricity generation.

Raw material at record level

In this sense, without the cap on gas, raw materials, which are at record levels, would have reached the third-highest price in history yesterday.

in a reference marked by energy instability in europeElectricity continues to show historically high values ​​in the continent’s main economies, where tomorrow MWh will fall across the board, although it will remain above 600 EUR/MWh, and in some cases exceed 700 EUR/MWh.

in particular, in Italy The average price of 713.69 Euro/MW will be reached, while in franksa 626.79 Euro/MWh would be slightly less.

In GermanyThe average price will be 607.84 euros/MW, compared to 469.19 pounds/MWh. United Kingdom (about 555 euros at the current exchange rate).

In PortugalWhere limits also apply to gas on the basis of the so-called “Iberian exception”, the auction price is marked the same as in Spain, a country with which it shares a market.

Auctions and Settlements

in case of considering only the consequences of wholesale market auctionThis does not include adjustments that the beneficiaries of the gas cap will have to pay to compensate plants that use this material, power will drop about 9%Up to 160.04 Euro/MWh.

by time slot (and always without including the above adjustments), the maximum value will be entered between 10:00 pm and 11:00 pm with EUR 242.82/MWh; While the minimum will be 127 Euro/MWh between 12:00 and 13:00.

However, to these amounts the cost of Adjustment in gas plantsThe amount of which varies depending on the quantity required by the system and its price, and has implications for beneficiary households and companies.

for this saturday, Medium fit for consumers 225.81 EUR/MW, 65 EUR more than the average auction price, with a final price of 385.85 EUR/MW, more than three times that of a year ago,

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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