The cost of electricity will be 103.24 euros per megawatt hour (MWh), 7.28% less than this Sunday
The light will mark this Monday its lowest price so far this year. According to data from the Iberian Energy Market Operator (OMIE), the cost of electricity will be 103.24 euros per megawatt hour (MWh), 7% less than on Sunday and the lowest since December 27, 2021 Still, it is a price 60% higher than a year ago.
The maximum price this Monday will be marked between 9:00 p.m. and 10:00 p.m., with 219.69 euros/MWh, and the minimum, 45 euros/MWh, between 2:00 p.m. and 3:00 p.m.
The prices of the ‘pool’ have a direct impact on the regulated rate -the so-called PVPC-, to which almost 11 million households in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market .
In fact, the National Commission of Markets and Competition (CNMC) has verified that in 2021, in the framework of the upward spiral of energy, around 1.25 million people switched from the PVPC to a rate in the free market at a fixed price.
On March 29, the Government approved a national plan to deal with the impact of the war in Ukraine that includes, among other measures, the extension of the tax reduction on taxes levied on electricity bills until next March 30. June, as well as the extension of the electricity social voucher to reach 1.9 million beneficiary households.
In addition, an early and extraordinary update of the regulated remuneration regime for renewables, cogeneration and waste (Recore) was adopted with an adjustment of 1,800 million euros with which the charges on the electricity bill are lowered.
Another of the measures agreed by the Executive was an extension until June 30 of the reduction in gas to reduce extraordinary profits in the electricity market, expanding its scope of application to energy contracted on a term basis and at a fixed price from the entry of the norm, if said price is higher than 67 euros/MWh.
Likewise, the governments of Spain and Portugal have submitted a preliminary proposal to the European Commission to establish a reference price for gas of 30 euros per MWh in order to lower the price of electricity.