Average price of electricity rises slightly in Spain on Friday, February 24

Image of electricity meter. Credit: Jittawit21 / Shutterstock.com

On Friday, February 24, the average price of electricity in Spain will rise by 5.34 per cent.

 

The average price of electricity for regulated rate customers linked to the wholesale market
in Spain will increase by 5.34 per cent on Friday, February 24, compared to today, Thursday 23.
Specifically, it will stand at €148.08/MWh.

According to the operator of the Iberian Energy Market (OMIE), in the auction, the cost of energy
in the wholesale market – the so-called ‘pool’ – will stand at €148.08/MWh tomorrow. Friday’s price will be the second highest of this year.

Monday’s cheapest time will be between the hours of 4am and 5am, at €120.21/MWh, while the most
expensive will be between 7pm and 8pm, at €174.18 /MWh.

Compensation for gas companies of €0/MWh is added to this pool price for the sixth consecutive day. It must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC), or those who, despite being on the free market, have an indexed rate.

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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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