The price of electricity tomorrow falls by 23.82% to 85.80 euros/MWh

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The price of light morning for regulated rate customers linked to the wholesale market It will drop this Wednesday to 85.8 euros per megawatt hour (MWh)which represents a decrease of 23.82% compared to 112.53 euros/MWh of this Tuesday.

In the auction, the average price of light in the wholesale market -the so-called ‘pool’- will be located this Wednesday at 83.84 euros/MWh. The minimal pricefor 5.16 euros, will be given between 03:00 and 05:00, while the Maximum price It will be registered between 08:00 and 09:00, when it will be 142.17 euros.

To this ‘pool’ price is added the compensation to gas companieswhich must be paid by consumers who are beneficiaries of the measure, consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate, which for this Wednesday it stands at 1.89 euros/MWh.

33.1% less than without applying the Iberian exception

In the absence of the mechanism of ‘Iberian exception’ to cap the price of gas for electricity generation, the price of electricity in Spain it would be around 128.22 euros/MWh on averagewhich means 42.49 euros/MWh more than with the compensation for customers of the regulated rate, who will thus pay 33.14% less on average.

The ‘Iberian mechanism’, which came into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering next winter, a period in which energy prices are more expensive.

Specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation from a price of 40 euros/MWh in the initial six months, and subsequently, a monthly increase of 5 euros/MWh until the end of the measure.

The Third Vice President of the Government and Minister of Ecological Transition and for the Demographic Challenge, Teresa Ribera, has already advanced that the Spanish Executive will ask Brussels to extend the ‘Iberian exception’ at least until the end of 2024, with a ceiling similar to the current one, between 45 and 50 euros per megawatt hour (MWh).

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The most expensive and cheapest hours of this Wednesday

  • From 00:00 to 01:00: 37.23 euros/MWh.
  • From 01:00 to 02:00: 9.64 euros/MWh.​
  • ​From 02:00 to 03:00: 5.53 euros/MWh.
  • ​From 03:00 to 04:00: 5.16 euros/MWh.
  • ​From 04:00 to 05:00: 5.16 euros/MWh.
  • ​From 05:00 to 06:00: 6.76 euros/MWh.
  • ​From 06:00 to 07:00: 66.8 euros/MWh.
  • ​From 7:00 a.m. to 8:00 a.m.: 102.5 euros/MWh.
  • ​From 08:00 to 09:00: 142.17 euros/MWh.
  • ​From 9:00 a.m. to 10:00 a.m.: 141.72 euros/MWh.
  • ​From 10:00 a.m. to 11:00 a.m.: 132.9 euros/MWh.
  • ​From 11:00 a.m. to 12:00 p.m.: 109.44 euros/MWh.
  • ​From 12:00 p.m. to 1:00 p.m.: 98.01 euros/MWh.
  • ​From 1:00 p.m. to 2:00 p.m.: 86.22 euros/MWh.
  • ​From 2:00 p.m. to 3:00 p.m.: 66.82 euros/MWh.
  • From 3:00 p.m. to 4:00 p.m.: 63.29 euros/MWh.
  • ​From 4:00 p.m. to 5:00 p.m.: 86.43 euros/MWh.
  • ​From 5:00 p.m. to 6:00 p.m.: 113.05 euros/MWh.
  • ​From 6:00 p.m. to 7:00 p.m.: 137.8 euros/MWh.
  • ​From 7:00 p.m. to 8:00 p.m.: 134.66 euros/MWh.
  • ​From 8:00 p.m. to 9:00 p.m.: 139.2 euros/MWh.
  • ​From 9:00 p.m. to 10:00 p.m.: 137.53 euros/MWh.
  • ​From 10:00 p.m. to 11:00 p.m.: 117.02 euros/MWh.
  • ​From 11:00 p.m. to 12:00 a.m.: 94.17 euros/MWh.
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