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The price of electricity will drop this Sunday by 5.6%, to 95.87 euros/MWh

MADRID, 18 Mar.

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The price of electricity will drop this Sunday by 5.6%, to 95.87 euros/MWh

MADRID, 18 Mar. (EUROPA PRESS) -

The average price of electricity for regulated rate customers linked to the wholesale market will drop this Sunday to 95.87 euros per megawatt hour (MWh), which represents a decrease of 5.65% compared to 101.61 euros. /MWh of this Saturday.

In the auction, the average price of electricity in the wholesale market -- the so-called 'pool' -- will stand this Sunday at 95.87 euros/MWh. The minimum price, of 50 euros/MWh, will be given between 3:00 p.m. and 4:00 p.m., while the maximum price will be recorded between 7:00 p.m. and 8:00 p.m., when it will be 152.91 euros/MWh.

Compensation for gas companies is added to this pool price, which must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being on the free market, They have an indexed rate, which tomorrow will be at 0 euros/MWh, a situation that has been repeated since February 27.

The average price of electricity in the monthly accumulated until March 19 stands at 99.7 euros/MWh, that is, about 33 euros less than the 132.22 euros/MWh of the same period in February.

The 'Iberian mechanism', which came into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh for a period of twelve months, thus covering next winter, a period in which energy prices are more expensive.

Specifically, the 'Iberian exception' sets a path for natural gas for electricity generation from a price of 40 euros/MWh in the initial six months, and subsequently, a monthly increase of five euros/MWh until the end of the measure . Throughout this month the price will be 55 euros/MWh.