By Chris King • 11 March 2023 • 21:36
Image of a lighbulb containing euros.
Credit: Bartolomiej Pietrzyk / Shutterstock.com.
The average price of electricity for regulated rate customers linked to the wholesale market in Spain will increase by 168.46 per cent on Sunday, March 12, compared to today, Saturday 11. Specifically, it will stand at €80.62/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 €80.62/MWh tomorrow.
Monday’s cheapest time will be between the hours of 4pm and 5pm, at €48.67/MWh, while the most expensive will be between 8pm and 10pm, at €141.04/MWh.
Compensation for gas companies of €0/MWh is added to this pool price for the 14th 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.
The average monthly price of electricity accumulated until March 12 stands at €108.97/MWh. That is about €20 less than the €131.45/MWh of the same period in February.
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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.
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