He average price of electricity for regulated rate customers linked to the wholesale market, it will drop this Sunday to 124.09 euros per megavatio hour (MWh)which is a minimum drop of 0.26% compared to the 124.41 euros/MWh of this Saturday.
In the auction, the average price of light in the wholesale market –the named ‘pool‘– will be located this Sunday at 124.09 euros/MWh. The minimum price, of 104.41 euros/MWh, will be given between 2:00 p.m. and 3:00 p.m., while the maximum price will be recorded between 7:00 p.m. and 8:00 p.m., when it will be 159.20 euros/MWh.
Compensation for gas companies is added to this pool price, which must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being on the free market, They have an indexed rate, which for this Sunday will be at 0 euros/MWh.
3% more 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 would be around 120.42 euros/MWh on average, which is 3.67 euros/MWh less than with the compensation for the customers of the regulated rate, thus paying 3% more on average.
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He ‘iberian mechanism‘, which entered 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 prices of energy 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 five euros/MWh until the end of the measure .