2023-07-15 09:16:34
The average price of light for regulated rate customers linked to the wholesale market It will collapse 27.9% on Saturday compared to this Friday, to 63 euros per megawatt/hour (MWh).
Thus, this Saturday, the day on which demand always falls with the arrival of the weekend, will be the second lowest price of the ‘pool’ for a day so far in July, only behind the 48.28 euros/MWh of last July 2.
By time slots, the maximum price, of 108.75 euros/MWh, will register in the first hour of the day. while, the minimum price will be given between 4:00 p.m. and 5:00 p.m., with 1.64 euros/MWhand another three more hours will be added below the level of 5 euros/MWh in the day.
The average of the ‘pool’ of electricity so far in July stands at 93.9 euros/MWh, compared to the 142.66 euros/MWh that it marked in the same month last year.
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 rate, but that it is again at 0 euros/MWh, a situation that has been repeated since February 27.
Iberian exception
The so-called ‘Iberian exception’ extended until next December 31after the agreement reached by Spain and Portugal with the European Commission.
Thus, it is extended for seven months, until the end of this year, and it is not excluded that it could be extended for a longer time if said framework is also extended.
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.
Related news
In the original agreement, the aforementioned reference price for gas had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, rising 5 euros/MWh each month thereafter. Now, it will increase by 1.1 euros/MWh since last April, to conclude at 65 euros/MWh.
Currently, the mechanism has had no effect on the marginal matching processes in the wholesale markets since the end of February, due to the decrease in the price of natural gas below the thresholds set for its application, but, if necessary, the extension will make it possible to maintain a reasonable price, not so dependent on the evolution of natural gas.
#price #electricity #collapses #Saturday #eurosMWh