The average price of electricity for regulated customers connected to the wholesale market will rise this Friday by 9.04% from yesterday Thursday to 301.31 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 auction average on the wholesale market to the compensation payment demand will pay to combined cycle power plants for applying the “Iberian exception” capping the price of gas for electricity generation.

In the auction, the average electricity price on the wholesale market – the so-called “pool” – for this Friday was 158.25 euros/MWh. The maximum price will be registered between 9 p.m. and 10 p.m. at 182.78 euros/MWh, while the daily minimum will be between 4 p.m. and 5 p.m. at 124.69 euros/MWh.

To this price of the “pool” is added the compensation payment of 143.06 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 production, the average price of electricity in Spain would be 338.72 euros/MWh, which is about 37 euros/MWh more than with the compensation for customers of the regulated tariff, which is thus an average Pay 11% less.

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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