Monday, August 8

The light falls this Sunday to 79 euros / MWh, but October will be the most expensive month in history

The average daily price of electricity in the wholesale market will collapse this Sunday by 36.56%, to 79 euros per megawatt hour (MWh), this price being the lowest registered in this October, which will be the most expensive month of the history.

In addition, this new figure means returning to the levels that were recorded at the beginning of August, since since the 7th of that month (the last lowest at € 65.64 / MWh) the price of electricity has not stopped reaching a record historical.

Despite the fact that this Saturday it also fell by 29.18% compared to the previous day, the price of electricity in the wholesale market is still at very high levels compared to the rest of the historical series. Specifically, and compared to the same day a year ago, the price has risen by 120.85%.

Thus, the average price of electricity for this month of October will close with 212.29 euros / MWh, that is, 56.15 euros above the average of September (156.14 euros / MWh), thus being the month more expensive in history so far.

The highest price this Sunday will be between 9:00 p.m. and 10:00 p.m., when it will reach 148 euros / MWh, while the lowest will be recorded between 9:00 a.m. and 10:00 a.m., when it will trade at 52.79 euros / MWh.