Spain

Average price of electricity in Spain sees astronomical increase on Wednesday, November 30

Share

On Wednesday, November 30, the average price of electricity in Spain increases by an astronomical 38.3 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will rise by 38.3 per cent on Wednesday, November 30, compared to this Tuesday 29. Specifically, it will stand at €207.45/MWh.

According to provisional data from the Iberian Energy Market Operator (OMIE), in the auction, the average price of energy in the wholesale market – the so-called ‘pool ‘- stands at €151.25/MWh tomorrow.

Wednesday’s maximum price will be registered between 8pm and 9pm, at €186 /MWh, while the minimum for the day, of €130 euros/MWh, will be between 1am and 2am.

To this ‘pool’ price is added the compensation of €56.20/MWh to the gas companies. 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.

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 editorial@euroweeklynews.com



Show comments

Recent Posts

  • Football

Huddersfield Town sack manager Mark Fotheringham as relegation looms

Huddersfield Town is looking for their third manager this year after they sacked Mark Fotheringham,…

11 mins ago
  • Sport

Tottenham Hotspur sponsorship proposal leak to be investigated

An investigation into a leak of the proposed sponsorship of Tottenham Hotspur by the South…

40 mins ago
  • News

WATCH: Leopard wreaks havoc in packed courtroom leaving several injured

A packed courtroom saw a number of people injured after a leopard managed to enter…

1 hour ago
  • USA

BREAKING: Multiple shooting injuries at Williamsburg Charter High School in Brooklyn, New York

Three people are reported to have been shot at Williamsburg Charter High School in Brooklyn,…

2 hours ago
  • World News

Tigers, sharks, pangolins and now donkeys as Chinese demand for traditional medicine flourishes

Chinese demand for animal products has a new target donkeys, with demand for the lowly…

2 hours ago
  • UK News

Former Sheffield Hallam Labour MP funded cocaine habit by fiddling expenses

Former Sheffield Hallam Labour MP Jared O´Mara has been convicted of fraud after he was…

2 hours ago