Average price of electricity in Spain PLUMMETS on Saturday, November 19

Image of electricity pylons. Credit: Dmitrydesign/Shutterstock

On Saturday, November 19, the average price of electricity in Spain drops by an incredible 51.1 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will collapse on Saturday, November 19, by 51.1 per cent compared to this Friday 18. Specifically, it will stand at €55.98/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 stand at €67.38/MWh tomorrow.

Saturday’s maximum price will be registered between 9pm and 10pm, at €123/MWh, while the minimum for the day will drop to €22/MWh between 1pm and 2pm.

To this ‘pool’ price is added the compensation to the gas companies of €-11.4/MWh. This must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (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.

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    Your email address will not be published.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 *