Spain

Price of electricity rises slightly in Spain and Portugal on Saturday, July 2

Share

The price of electricity goes up in price slightly on Saturday, July 2, in Spain and Portugal.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain and Portugal will rise this Saturday, July 2, by 2.77 per cent compared to today, Friday, July 1. Specifically, it will stand at €228.43/MWh.

According to data from the Iberian Energy Market Operator (OMIE), in the auction, the average price of electricity in the wholesale market this Saturday will be €142.42./MWh, That is around €3/MWh less than today’s €145.22/MWh, a decrease of 1.93 per cent.

Saturday’s maximum price will be registered between 10pm and 11pm, at €170.34/MWh, while the minimum for the day, of €109.25/MWh, will be between 4pm and 5pm.

Added to this wholesale market price is the compensation of €86.01/MWh to the gas companies, compared to the €77.05/MWh (still provisional) registered for Friday. This compensation must be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC), or those who, despite being in the free market, have an indexed rate.

Compared to a year ago, the price of electricity for clients of the regulated rate this Saturday is 128.89 per cent more than the €99.80/MWh that the ‘pool’ marked on average on July 2, 2021.

___________________________________________________________

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 and remember, you can also follow us on Facebook and Instagram.

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 editorial@euroweeklynews.com



Recent Posts

  • Valencia News

Three seriously burned as panic breaks out on train trapped due to Bejis forest fire

Three passengers reported having suffered serious burns while attempting to escape from a train trapped…

34 mins ago
  • Portugal News

Portuguese unions advise travellers to avoid flights with strikes threatened this weekend

Travellers have been advised by the Portuguese aviation unions that it would be 'wise' to…

2 hours ago
  • EU News

Change of date after which British tourists must pay to visit EU Schengen countries

British tourists must now pay to visit any of the European countries in the Schengen…

3 hours ago
  • Technology

Privatixy Protocol will prioritise customer privacy over Avalanche

For several years, tech behemoths have controlled users' data and privacy on the net. Some…

3 hours ago
  • Cryptocurrency

DeFi Cryptocurrency stocks everyone is checking out this quarter- HachiFi and Cardano

In addition to its many advantages, cryptocurrency stocks like Cardano (ADA) provide buyers with a…

3 hours ago
  • Costa del Sol

UPDATE: Performances in Youth Area of Malaga Fair still suspended until lighting bridge is fixed

Performances in the Youth Area of Malaga fair are still suspended by Malaga Council until…

4 hours ago