2023-04-16 00:07:38
Sunday, April 16, 2023, 00:07
The average price of electricity for regulated rate customers linked to the wholesale market is up 16.7% today compared to yesterday Saturday, up to 25.41 euros per megawatt hour (MWh). However, this price will be the third lowest for a day so far in April and its cost will also be zero euros for seven hours. Specifically, from 11 in the morning to 6 in the afternoon the price of electricity will be zero euros/MWh, while the maximum price of the day will be between 10 and 11 at night, with 127.85 euro/MWh.
To this average price of the ‘pool’ would be added the compensation to the gas companies, which must be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated tariff (PVPC) or those who, despite being in the free market, have an indexed fee.
The average price of electricity so far in April stands at 58.79 euros/MWh, more than three times lower than the 213 euros/MWh registered in the same month last year.
The so-called ‘Iberian exception’ has been extended until December 31, after the agreement reached by Spain and Portugal with the European Commission. Thus, it lasts seven months, until the end of this year, and it is not excluded that it could last longer if said framework is also prolonged. Specifically, the agreement not only represents an extension of the Iberian exception that was already applied, but also implies some adjustments to accommodate it, such as the price reference, which until now increased by five euros per month, and will now be smoother.
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