Friday, September 24

The wholesale price of electricity rises again after three consecutive days of decreases

The average price of electricity in the wholesale market for tomorrow, Monday, September 6, will be 132.65 euros per megawatt hour (MWh). With this figure, this indicator rises again, after chaining down three days during the weekend, within a framework of historical records. By time slots, the maximum price of the MWh will be paid at 153.63 euros between 8:00 p.m. and 9:00 p.m., and the minimum at 108.52 between 4:00 a.m. and 5:00 a.m. and 5:00 a.m. and 6:00 a.m.

The price of the pool for tomorrow is almost triple that of the first Monday in September last year, which stood at 39.53 euros, according to data from the market operator OMIE, and is ten euros more expensive than last Monday, although economic activity was less then, as it was August.

Behind these high prices, which affect the whole of Europe, are the rising cost of gas, used by combined cycles and which marks the price of the pool in most hours; the increase in the price of carbon dioxide (CO2) emission rights, and the increase in demand due to economic recovery and high temperatures. However, in Spain the wholesale price has a weight of around 24% in the electricity bill of more than 10 million households covered by the regulated tariff or Voluntary Price to the Small Consumer (PVPC), while in other countries , the regulated tariff is calculated taking other indicators as a reference.

As in Spain, the price of the pool rises tomorrow in the United Kingdom, where the megawatt hour will be paid at an average of 225.13 pounds (262.65 euros), in Germany, at 127.82 euros; in France, at 123.98 euros and in Italy, at 131.54 euros, according to data from the respective operators. For its part, in Portugal it will be paid at the same price as in Spain, by sharing the market.

Consumers who contract their supply in the free market, which number about 17 million, pay per kilowatt hour the prices that they agree to by contract with the marketers, so they are not immediately affected by fluctuations in the pool, although they are they will see their bills increased in case the upward trend continues in the long term.

Generally, consumers in the free market pay slightly higher prices than the regulated ones precisely because they incorporate a premium to reduce their exposure to market volatility.



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