Average price of electricity plummets in Spain on Sunday, November 6

On Sunday, November 6, the average price of electricity in Spain drops by a massive 20 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 20 on Sunday, November 6, compared to this Saturday 5. Specifically, it will stand at €112.75/MWh).

According to provisional data from the Iberian Market Operator of Energy (OMIE), in the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – will be €113.48/MWh tomorrow.

Sunday’s maximum price will be registered between 6pm and 7pm, at €155.61 euros, while the minimum for the day, of €90.93 euros, will be between the hours of 10am and 11am.

To this price of the ‘pool’ must be added the compensation to the gas companies, which on this occasion is slightly negative, at €-0.73/MWh. This has to be paid by the consumers who benefit from the measure, the consumers of the regulated (PVPC), or those that, despite being in the free market, have an indexed rate or have to renew their contract.

___________________________________________________________

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.

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    Your email address will not be published.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 *