Price of electricity in Spain and Portugal rises again this Friday, June 17

Image of electricity meters. Credit: Creative Commons

The price of electricity increases again by 4.15 per cent in Spain and Portugal this Friday, June 17.

The average price of electricity in the wholesale market in Spain and Portugal will rise again this Friday, June 17. It will increase by 4.15 per cent compared to today, Thursday, June 16, on what is the third day of application of the so-called ‘Iberian exception’ designed to lower energy costs.

According to data from the Iberian Energy Market Operator (OMIE), specifically, the average price of electricity this Friday will be €177.90/MWh. That is €7.09/MWh more than today’s price of €170.81/MWh.

Tomorrow’s maximum price of electricity will be registered between 10pm and 11pm, at €196.61/MWh, while the minimum for the day, of €159.81/MWh, will be between 3pm and 5pm. However, this price must then include the compensation payable to the cogeneration plants and combined cycle plants.

The charge is calculated on an hourly basis, and for this Friday it works out at an average of €88.48/MWh, compared to today’s €88.20/MWh. This will be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated rate (PVPC), or those that, despite being in the free market, have an indexed rate.

Therefore, the actual average price that clients of the regulated rate will pay will be €266.38/MWh. That is 2.8 per cent more than the €259/MWh to which it rose this Thursday.

___________________________________________________________

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories. Remember, you can also follow us on Facebook and Instagram.

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Chris King

Originally from Wales, Chris spent years on the Costa del Sol before moving to the Algarve where he is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at [email protected]

Comments


    Leave a comment

    Your email address will not be published. Required fields are marked *