The average price of electricity for regulated customers connected to the wholesale market this Wednesday will increase by 0.38% from Tuesday to 273.9 euros per megawatt-hour (MWh), according to preliminary data from the Iberian Energy Market Operator (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 Wednesday was 144.78 euros/MWh. The maximum price will be registered between 9:00 p.m. and 10:00 p.m. at 171.68 euros/MWh, while the daily minimum will be between 3:00 p.m. and 4:00 p.m. at 122 euros/MWh.

To this price of the “pool” is added the remuneration of 129.12 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 302.51 euros/MWh, which is about 29 euros/MWh more than with the compensation for customers of the regulated tariff, which is thus on average 9.46% 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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