Average price of electricity in Spain slashed by MORE THAN HALF on Monday, March 13

On Monday, March 13, the average price of electricity in Spain falls by an astounding 54.3 per cent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 54.3 per cent on Monday, March 13, compared to today, Sunday 12. Specifically, it will stand at €36.84/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 €36.84/MWh tomorrow.

Monday’s cheapest time will be between the hours of 3pm and 6pm, at €4.16/MWh, while the most expensive will be between 9pm and 10pm, at €95.11/MWh.

Compensation for gas companies of €0/MWh is added to this pool price for the fifteenth 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 price of electricity accumulated from the start of this month until March 13 stands at €103.43/MWh. That is almost €30 less than the €131.46/MWh of the same period in February.

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