Average price of electricity in Spain drops significantly on Wednesday, March 22

On Wednesday, March 22, the average price of electricity in Spain falls by 15.18 per cent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 15.18 per cent on Wednesday, March 22, compared to today, Tuesday 21. Specifically, it will stand at €101.22/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 €101.22/MWh tomorrow.

Monday’s cheapest time will be between the hours of 1pm and 2pm, at €59.10/MWh, while the most expensive will be between 7pm and 8pm, at €140/MWh.

Compensation for gas companies of €0/MWh is added to this pool price for the 24th 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 accumulated monthly price of electricity until March 22 stands at €101.66/MWh. That is about €34.50 less than the €135.19/MWh of the same period in February.

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