2024-03-10 16:00:37
This Sunday, the wholesale electricity market marks the sixth lowest megawatt-hour (MWh) price in the historical series, with 54 cents, dropping five cents from this Saturday’s figure. During the day there will be up to 19 hours with electricity at zero euros, according to statistics from the Iberian Electricity Market Operator (OMIE).
That free market time slot began at midnight from Saturday to Sunday and will continue until 7:00 p.m. From then on, the cost rises to 3.2 euros until 11:00 p.m., and drops again to 0.1 euros in the last hour of the day. The wholesale market in Spain accounts for 75% of the price of electricity for consumers with a regulated tariff or PVPC (Voluntary Price for Small Consumers). The remaining 25% is formed from a price basket related to electricity futures.
By Monday, the pool will rise to an average of 14.63 euros MWh. The highest price of the day will occur from 8:00 p.m. to 9:00 p.m., with 87.97 euros MWh. From midnight to 6:00 a.m., and between 10:00 a.m. and 6:00 p.m., the price in the wholesale market will once again be zero euros, according to data provided by OMIE.
The fall in the price of MWh in the regulated market is due mostly to the rains and wind that Storm Monica has brought to practically the entire country, which allows a high participation of wind farms in the electricity generation mix. energy.
You have to go back to 2013 to see the light in the Spanish wholesale market at an average of zero euros, recorded on March 29 and April 1 of that year. The second and third cheapest records occurred in March 2013, with days at 13 and 31 cents per MWh. Already in 2024, electricity fell to a spectacular average of 47 cents on February 9, which contrasts with the prices being paid in the rest of Europe.
French consumers today have electricity at 53.7 euros per Mwh; In Germany it is paid on average 34 euros; the megawatt hour exceeds 62 euros in the United Kingdom, and reaches 77 euros in Italy.
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