Price of the regulated electricity tariff this Monday, November 21st

Price of the regulated electricity tariff this Monday, November 21st

That average electricity price for customers with regulated tariffs connected to the wholesale market This Monday it will fall by 21.61% compared to yesterday up to 69.56 euros per megawatt hour (MWh), according to preliminary data from the Iberian Energy Market Operator (OMIE).

In the auction, the average electricity price on the wholesale market – the so-called “pool” – on Monday was 80.64 euros/MWh. That Maximum price is recorded between 9:00 a.m. and 10:00 a.m. with 101.84 euros/MWh, while the minimum on a daily basis it has fallen to 50.70 euros/MWh 04.00 and 05.00.

To this “pool” price is added the compensation payment to the gas companies, to be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, although on the free market, have an indexed one tariff , which this Monday will have a negative balance for the sixth day in a row at -11.08 euros/MWh.

33% less than without the measure

In the absence of the mechanism of “Iberian Exception” In order to cap the gas price for electricity generation, the electricity price in Spain would be around 104.89 euros/MWh on average, which is around 35.33 euros/MWh more than the remuneration for the customers of the regulated tariff, who thus have to pay are 33.69% less on average.

Similar news

The “Iberian Mechanism”, which came into force on June 15, limits the price of gas for electricity production to an average of 48.8 euros per MWh for a twelve-month period, covering the next winter when energy prices are more expensive.

Specifically, the “Iberian exception” sets a path for natural gas to generate electricity from a price of 40 euros/MWh for the first six months – until December 15 – and then a monthly increase of 5 euros/MWh until the end of the measure.

Leave a Comment