For consumers, however, Wednesday’s bill will be more expensive than Tuesday’s, because it includes the compensation to be paid to thermal power plants for the heat wave.
Euskaraz irakurri: Argiaren faktura %6 murriztuko da, gasaren prezioa mugatzeko ezohiko neurria indarrean sartuta
The average price of electricity on the wholesale market will fall by 22.6% on Wednesday with regard to this Tuesday, on the first day of application of the so-called ‘Iberian exception’ to limit the price of natural gas for electricity generation.
Specifically, the average price of electricity this Wednesday will be: €165.59/MWhthat is EUR 48 less than the current price (EUR 214.05/MWh) and the lowest level since May 29, according to data published by the Iberian Energy Market Operator (OMIE) and collected by Europe Press.
However, this drop in the price of the ‘pool’ for this Wednesday are not fully transferred to the consumer beneficiary of the natural gas ceiling, as the compensation that will be paid by the demand for CHP installations and combined cycles must be included.
According to OMIE data, this fee, which is calculated per hour, is will be around 59 euros/MWh for this Wednesday, which will be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, have an indexed tariff.
In this way, the price paid by customers of the regulated tariff €224/MWh average This price would be less than 6% lower to the €237/MWh that would have been set had it not been for the gas ceiling for this Wednesday – a day marked by high demand due to the heat wave and low contribution from renewables -, according to Europa Press, citing market sources.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
