Average price of electricity in Spain on Saturday, March 4

On Saturday, March 4, the average price of electricity in Spain drops by 2.8 per cent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will increase by 2.8 per cent on Saturday, March 4, compared to today, Friday 3. Specifically, it will stand at €138.57/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 €138.57/MWh tomorrow.

Monday’s cheapest time will be between the hours of 2pm and 3pm, at €111.90/MWh, while the most expensive will be between 8pm and 9pm, at €173.20/MWh.

Compensation for gas companies of €0/MWh is added to this pool price. 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.

As a result, the average price of electricity until March 4 stands at €142.5/MWh. That is almost €10 higher than the average of €132.80/MWh for the same period last month.

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