Tuesday, August 16

New light record this Friday: 309.20 euros

New record. The average price of the electricity will rise this Friday until 309,42 euros, 2.29% more than today Thursday. The unstoppable escalation of the price of gas It is the main reason for this increase, which consolidates the price of a megawatt (MW) per hour above the unusual level of 300 euros. According to data from the market operator, OMIE, the most expensive time slot will be between 8pm and 9pm, with 350 euros and the cheapest, from five to six in the morning, with 250 euros.

It is is the third consecutive record that reaches the price in the wholesale market after on Thursday it has exceeded the barrier of 300 euros on average for the first time, and is on its way to making December the most expensive month in history for the more than 11 million customers with regulated tariff (PVPC).

The price of natural gas in international markets, which started the week at around 120 euros per megawatt-hour, is the main trigger for this price increase, along with the price of lCO2 emission rights, also at maximum (80 euros per ton). Both factors have been triggering the price of electricity for several months not only in Spain, but in all European countries.

Regulated rate and free market

The price of electricity in the wholesale market has a direct impact on the regulated tariff –the so-called PVPC–, which is covered by almost 11 million consumers, but also serves as a reference for the other 17 million that have contracted their supply in the free market. In addition to the price of electricity, the final price of the monthly bill is made up of the tolls (regulated price that finances electricity transmission and distribution networks), charges (regulated price with which a potpourri of concepts such as the debt of the electricity system or premiums for renewables is financed) and taxes.

Related news

In the latter case, the Spanish Government has decided to lower the taxes of the electricity bill as of January 1or, when the current tax benefits expire, according to the Minister of Finance, Maria Jesus Montero, in the Congress of Deputies. “We are going to extend the reduction in taxes that accompanied the electricity bill during the first four months of next year,” said Montero in plenary session this Wednesday, after a question from the Vox deputy, Iván Espinosa de los Monteros.

Something that sources from his department already confirmed on Tuesday, after the vice president and minister for the Ecological Transition, Teresa Ribera, make a confusing statement implying that there would be a withdrawal of the measures. “Yes we are considering fiscal measures, but not necessarily an extension of what we have applied in the last four months because the last four months have absorbed part of the growth of a full year, therefore it would not make sense to maintain them at that level,” he said Ribera on Wednesday at the press conference after the Council of Ministers.


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