Average price of electricity in Spain falls slightly on Tuesday, November 8

Image of electricity pylons. Credit: Dmitrydesign/Shutterstock

On Tuesday, November 8, the average price of electricity in Spain will fall by 5.2 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will drop by 5.2 per cent on Tuesday, November 8, compared to this Monday 7. Specifically, it will stand at €114.55/MWh.

According to provisional data from the operator of the Iberian Energy Market (OMIE), in the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – will be €113.40/MWh tomorrow.

Tuesday’s maximum price will be registered between 7pm and 8pm, at €158.9 euros, while the minimum for the day, of €72.25/MWh, will be between 4am and 5am.

To this price of the ‘pool’ must be added the compensation to the gas companies, which on this occasion is slightly negative, at €-0.02(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.

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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]

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