Economy.- The average price of light drops this Saturday to 1.82 euros/MWh, the lowest in almost two years – Economy

Economy.- The average price of light drops this Saturday to 1.82 euros/MWh, the lowest in almost two years - Economy

Between 04:00 a.m. and 06:00 a.m. the price will be zero euros

The average price of electricity for customers at the regulated tariff connected to the wholesale market will fall further this Saturday to 1.82 euros per megawatt hour (MWh), which represents a drop of 66.7% compared to this Friday and the lowest record since January 31, 2021, when it stood at 1.42 euros/MWh.

At auction, the average price of light on the wholesale market – the so-called “pool” – amounts this Saturday to 2.65 euros/MWh. Throughout the morning, specifically between 04:00 a.m. and 06:00 a.m., the price will be zero euros, although from 02:00 a.m. to 5:00 p.m. it will never exceed one euro. The maximum price will be given between 7:00 p.m. and 8:00 p.m., when it will be 20 euros.

To this pool price is added a compensation for the gas companies, which must be paid by the consumers benefiting from the measure, the consumers of the regulated tariff (PVPC) or those who, although being on the free market, have a indexed tariff, which for this Saturday will be in negative figures (-0.83 euros/MWh).

95.5% LESS THAN WITHOUT APPLYING THE IBERIAN EXCEPTION

In the absence of the “Iberian exception” mechanism to cap the price of gas for electricity production, the price of electricity in Spain would be around 40.41 euros/MWh on average, or around 38, 6 euros/MWh more than with compensation for regulated tariff customers, who will thus pay 95.5% less on average.


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