Tuesday, October 3, 2023

The electricity price this Thursday exceeds 109 euros/MWh

He average electricity price For regulated tariff customers with a connection to the wholesale market, it will rise on Tuesday by 3.86% to 109.9 euros per megawatt hour (MWh) compared to this Monday. According to time windows, the Maximum price for electricity of 143 euros/MWh, is recorded between 9:00 p.m. and 10:00 p.m., while the minimal price will occur between 3:00 p.m. and 4:00 p.m. at 85.51 euros/MWh, according to preliminary information from the Operator of the Iberian Energy Market (OMIE).

So far this month the Market average Electricity is 101.32 euros/MWh, compared to 141 euros/MWh recorded by the pool price in September 2022.

A is Precio half of Swimming pool Compensation would be added to gas companies to be paid by consumers who are beneficiaries of the measure, by consumers of the regulated tariff (PVPC) or by those who, despite being part of the free market, have an indexed tariff but who it lies again at 0 euros/MWh, a situation that has repeated itself since February 27th last year.

Iberian exception

The so-called Iberian exception was extended until December 31st due to the agreement Spain and Portugal with the European Commission. It was therefore extended by seven months until the end of this year, and it was not excluded that it could be extended even longer if this framework was also extended.

In concrete terms, the agreement not only represented an extension of the Iberian exception already in force, but also included some adjustments to take it into account, such as the price reference, which had by then been increased by five euros per month and had become softer.

In the original agreement, the reference price for gas mentioned above had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months and increased by 5 euros/MWh every month thereafter. Since last April it has increased by 1.1 euros/MWh and is at 65 euros/MWh.

Currently it is mechanism carry sin have Effect to the marginal matching processes in the wholesale markets since the end of February due to the fall in the price of natural gas below the thresholds established for its application, but if necessary, the extension will allow the maintenance of an appropriate price, not so dependent on the development of natural gas.

Nation World News Desk
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