Average price of electricity in Spain shoots BACK UP again on Wednesday, November 9

Image of electricity pylons. Credit: Dmitrydesign/Shutterstock

On Wednesday, November 9, the average price of electricity in Spain shoots back up again by 21.3 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will rise by 21.3 per cent on Wednesday, November 9, compared to this Tuesday 8. Specifically, the price will stand at €138.94/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 €132.52/MWh tomorrow.

Wednesday’s maximum price will be registered between 7pm and 8pm, at €190 euros/MWh, while the minimum for the day, of €97.27/MWh, will be between 3am and 5am.

Added to this pool price is the compensation to gas companies of €6.42/MWh. This has to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC), or those who, despite being in the free market, have an indexed rate or they 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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