The average price of electricity for regulated customers connected to the wholesale market will rise this Thursday by 0.89% from yesterday Wednesday to 276.34 euros per megawatt hour (MWh), according to preliminary data from the Operator of the Iberian Energy Market ( OMIE) collected from Europa Press.

This price is obtained by adding the average of the auction on the wholesale market to the compensation that the demand will pay to the combined cycle power plants for the application of the “Iberian exception” to cap the price of gas for electricity generation.

In the auction, the average electricity price on the wholesale market – the so-called “pool” – for this Thursday was 150.13 euros/MWh. The maximum price will be registered between 9 p.m. and 10 p.m. at 176.05 euros/MWh, while the daily minimum will be between 3 p.m. and 4 p.m. at 122.5 euros/MWh.

To this price of the “pool” is added the compensation payment of 126.21 euros/MWh to the gas companies, to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC) or those who, despite it on the free market they have an indexed interest rate.


Without the “Iberian Exception” mechanism to limit the price of gas for electricity generation, the average price of electricity in Spain would be 311.37 euros/MWh, which is about 35 euros/MWh more than with the compensation for customers of the regulated tariff, which is thus average 11.2% less pays.

The “Iberian Mechanism”, which came into force on June 15, limits the gas price for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, covering the coming winter when energy prices are more expensive.

Specifically, the “Iberian exception” provides that natural gas for electricity generation will be increased at a price of 40 euros/MWh in the first six months and then by 5 euros/MWh monthly until the end of the measure.

Source europapress.es

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