Average price of electricity in Spain PLUMMETS on Friday, March 10

On Friday, March 10, the average price of electricity in Spain drops by an astounding 42 per cent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 42 per cent on Friday, March 10, compared to today, Thursday 9. Specifically, it will stand at €42.71/MWh, the lowest price since the €41.42/MWh of January 28.

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 € 42.71/MWh tomorrow.

Monday’s cheapest time will be between the hours of 3am and 4am, at €4.16/MWh, while the most expensive will be between 8pm and 9pm, at €124.22/MWh.

Compensation for gas companies of €0/MWh is added to this pool price for the 12th 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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