Electricity price is down 31% today, marking the minimum level since the gas cap took effect

Date:

In concrete terms, the price will be 80.44 euros/MWh, 30.9% lower than this Tuesday.

Euskaraz irakurri: Argindarraren prezioa % 31 jaitsiko da gaur eta salbuespen iberiarra ezarri zenetik merkeena izango da

The average price of electricity for customers with a regulated tariff linked to the wholesale market is down today by 30.9% compared to yesterday (EUR 116.49). Specifically, the price will be EUR 80.44/MWh, according to preliminary data from the Iberian Energy Market Operator (OMIE).

In this way, the electricity price for this Wednesday for consumers covered by the regulated tariff will be the lowest since the Iberian exception came into effect in mid-June, and the cheapest since October last year.

In the auction, the average price of electricity on the wholesale market for this Wednesday is 81.71 euros/MWh. The maximum price will be registered between 21:00 and 22:00, at 136.74 euros/MWh, while the minimum for the day, of 48.37 euros/MWh, will take place between 15:00 and 16:00.

If this mechanism were not applied to limit the price of gas for electricity generation, the electricity price in Spain would be on average €84.42/MWh.

The Iberian mechanism, which came into effect on 15 June, limits the price of gas for electricity generation to an average of EUR 48.8 per MWh over a twelve-month period.

(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/es_ES/sdk.js#xfbml=1&version=v2.8”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));

Source: EITB

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Russians safe: – NATO prepares for conflict with Moscow

After concerns that the conflict in Ukraine could develop...

The “Krone” wonders: do career changers already regret their decision?

There are currently ten career changers in Burgenland. ...

Competition for OpenAI – Amazon pumps billions into AI startup Anthropic

Amazon is investing another $2.75 billion (2.53 billion euros)...