By Chris King • 31 March 2023 • 2:16
Image of electricity meter.
Credit: Jittawit21 / Shutterstock.com
The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 46.86 per cent on Friday, March 31, compared to Thursday 30. Specifically, it will stand at €16.53/MWh, its lowest level since last January 17.
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 €16.53/MWh tomorrow.
Monday’s cheapest time will be between the hours of 4pm and 5pm, at €0.19/MWh, while the most expensive will be between 9pm and 10pm, at €35.61/MWh.
Compensation for gas companies of €0/MWh is added to this pool price for the 33rd 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 price of the ‘pool’ for March is €89.60/MWh, which represents a decrease of almost 33 per cent compared to February. January’s average of €69.55/MWh was the lowest price since April 2021.
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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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