The electricity price in the wholesale market (pool) it has fallen again this Friday, January 21, for the fourth consecutive day, specifically 6%, to stand at 179.09 euros per megawatt hour (MWh).
After this new decrease, the price of electricity will be 12% cheaper than last Friday, although it multiplies by more than four the amount that the pool marked just one year ago (41.64 euros).
In addition, the wholesale price of electricity will remain below the barrier of 200 euros/MWh for the second consecutive day, a value that has been reached in nearly 80% of the days of December and in 14 of the first 21 days of January .
By time slots, the maximum price for this Friday will be registered between 19:00 and 20:00, with 214.7 euros/MWh, while the minimum was 154.7 euros/MWh between the 3:00 and 5:00 in the morning.
So far this month, the price of electricity stands at an average of 192.42 euros/MWh, 19% cheaper than the value of December, the most expensive month in history with 239.22 euros/MWh, but 73% higher than the average price of 2021 (111.4 euros/MWh), the highest since records exist.
Why these prices?
The prices of the wholesale market have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are covered, and serves as a reference for the other 17 million who contract their supply on the free market.
To cushion the impact that the rise in electricity prices is having on consumers, the Government has extended the tax reduction on taxes levied on electricity bills during the first four months of the year.
The escalation of prices that affects a large part of Europe is due, among other factors, to the higher cost of gas in international markets, which is used in combined cycle plants and which set the market price in most hours, and the increase in the value of carbon dioxide emission rights (CO2)