Tuesday, August 16

The price of electricity drops 54% this Sunday

New zigzagging of the light price. Average megawatt hour (MWh) falls this Sunday up to 101.97 euros, what supposes 54% less that Saturday and lowest level since November 1, which was a holiday. The highest level will be reached between new and 10 at night, with 251.65 euros; and the lowest, between 5 and 6 in the morning. The descent occurs on a public holiday, but in which the stores and establishment will open for the Christmas season.

Also, the price will stay below the barrier of 200 euros / MWh for the first time in the last 18 days. This value was reached in almost 70% of the days of October, in 45% of the days of November and in the first four days of December.

If the price of electricity on Sunday is compared with that of the equivalent day last year, when it was paid at 39.99 euros / MWh, this is more than two times higher. So far this month, the price of electricity stands at an average of 203.34 euros / MWh, three euros above the October price (200.06 euros / MWh), the most expensive month in history until the date, and almost ten euros more expensive than the November price (193.43 euros / MWh).

Regulated rate

The prices registered in the wholesale market have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are welcomed, and serves as a reference for the other 17 million who contract their supply in the free market.

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Behind the price increase are the high prices of gas in international markets and of carbon dioxide (CO2) emission rights, which during 2021 have been setting record highs month after month.

As for the rest of European countries, in the United Kingdom the megawatt hour will be paid on Sunday at an average of 203 pounds (about 237 euros), while in Germany it will be paid at 157.71 euros, in France, at 221 euros, in Italy, at 221.87 euros, and in Portugal, at the same price as in Spain by sharing the market.


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