Thursday, September 29

The price of electricity continues to climb and this Thursday exceeds 200 euros / MWh

The average price of electricity in the wholesale market will rebound this Thursday by 10.8% compared to Wednesday, climbing again above the level of 200 euros per megawatt hour (MWh), a level he hadn’t touched since last Christmas Day.

Specifically, the ‘pool‘It will mark an average of 200.68 euros / MWh for this Thursday, compared to 181.09 euros / MWh today, chaining its third day of increases, according to provisional data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.

Despite this rise, the price for this Wednesday remains far from the all-time highs last week, when it reached 383.67 euros / MWh.

In any case, the cost of electricity in the wholesale market continues to skyrocket when compared with the records of the same day of the previous year, when the price stood at 48.98 euros / MWh. This Wednesday’s increase compared to December 30, 2020 it is almost four times more.

By time slots, the maximum price of electricity for this Thursday will be between 7:00 p.m. and 8:00 p.m., with 252.22 euros / MWh, While the minimum, of 174.70 euros / MWh, will be recorded between 5:00 and 6:00.

The pool prices have a direct effect on the regulated tariff –the so-called PVPC-, to which almost 11 million consumers in the country are welcomed, and serves as a reference for the other 17 million who have contracted their supply in the free market.

The increase in prices in recent months in electricity market This is mainly explained by high gas prices in the markets and carbon dioxide (CO2) emission rights, at all-time highs this year.

The most expensive month

December began as a month marked by a great volatility, with falls in the average of some days to around 100 euros / MWh and with certain rises that widely exceeded the level of 200 and 300 euros / MWh.

Despite the declines at the end of last week, the increased cost of light It has runaway and the average monthly price is 242.4 euros, that is, more than 42 euros than last October, the month with the most expensive average to date with 200 euros / MWh.

Tax rebates

The Government has extended until April 30 the reduction of taxes included in the electricity bill paid by all consumers in order to alleviate the negative effect that the rise in the price of electricity is causing on citizens.

Related news

Specifically, the reductions from 21% to 10% of VAT and the special electricity tax from 5.11% to 0.5% have been extended until April 30, legal minimum. However, the suspension of the 7% generation tax paid by companies will only be maintained, for now, until March 31.

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