By Chris King • 27 May 2023 • 21:56
Image of electric plug lying on €100 notes.
On Sunday, May 28, the average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 1.71 per cent compared to today, Saturday 27. Specifically, the price will stand at €84.94/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 €84.94/MWh tomorrow.
The minimum price, of €50/MWh, will occur between the hours of 4 pm and 5 pm, while the maximum price will be recorded between 11 pm and midnight, at €115.38/MWh.
So far in April, the average price of electricity stands just above €71.80/MWh, compared to the €188/MWh registered in the same month last year, according to lainformacion.com.
On Tuesday, March 28, Spain’s Council of Ministers approved the extension of the Iberian exception until December 31, after the agreement was reached by Spain and Portugal with the European Commission.
It is not excluded that the deal could be extended for a longer time if the said framework is also extended.
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don't already have one. Review our
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.
Got a news story you want to share? Then get in touch at firstname.lastname@example.org
Download our media pack in either English or Spanish.