Average price of electricity in Spain skyrockets again on Sunday, November 13

Image of electricity pylons. Credit: Dmitrydesign/Shutterstock

On Sunday, November 13, the average price of electricity in Spain skyrockets again by 24.9 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will rise 24.9 per cent on Sunday, November 13, compared to this Saturday 12. Specifically, it will stand at €134.67/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 €131.69/MWh tomorrow.

Sunday’s maximum price will be registered between 7pm and 8pm, at €170.23/MWh, while the minimum for the day, of €101.56(MWh, will be between 3pm and 4pm.

Added to this pool price is the compensation to the gas companies of €2.98/MWh. This must 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 have to renew their existing 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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