By Chris King • 29 July 2022 • 0:58
Image of electricity pylons.
The average price of electricity for regulated rate customers linked to the wholesale market in Spain and Portugal will fall 5.5 per cent this Friday, July 29, compared to Thursday, July 28. Specifically, it will stand at €276.39/MWh.
According to provisional data from the Iberian Energy Market Operator (OMIE), in the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – stands at €141.51/MWh tomorrow.
Friday’s maximum price will be registered between midnight and 1am, at €161/MWh, while the minimum for the day, of €119/MWh, will occur between 7pm and 8pm.
To this price of the ‘pool’ is added the compensation of €134.88/MWh to the gas companies that has to be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated rate (PVPC), or those who, despite being in the free market, have an indexed rate.
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.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you donâ€™t already have one. Review our
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 firstname.lastname@example.org
Download our media pack in either English or Spanish.