The electricity price in the wholesale market (and consequently in cities like Barcelona) has picked up this monday near a twenty-one% to stand at 208.74 euros per megawatt hour (MWh), according to data from the Iberian Electricity Market Operator (OMIE).
After this rise, the price of electricity almost quadruples the amount you marked during the second Monday of May of the previous year (59.26 euros), and stands at a 2% above the figures for February 24, when the Russian invasion of Ukraine began.
In the first nine days of May, the price of electricity reaches an average of 190.85 euros/MWh, close to one 32% below the value of March, the most expensive month in history with 283.3 euros/MWh, although it almost doubles the average value of 2021 (111.4 euros/MWh), the highest since records exist.
The costs of the wholesale market have a direct impact on the regulated rate or PVPC to which they are covered almost 11 million consumers in Spain, and serve as a reference for the other 17 million who contract their supply on the free market.
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For time zones, the price maximum for this Monday will be registered between 9:00 p.m. and 10:00 p.m.with 250.44 euros/MWh, while the minimum will be 183.94 euros/MWh between the 3:00 p.m. and 4:00 p.m.
Self-consumption, price limits and tax rebates
The rise in the price of electricity caused by the war in Ukraine redoubles business interest in self-consumption. that when Spain and Portugal have reached an agreement with the European Comission to put a limit on the price of natural gas used to produce electricity of 40 euros per megawatt-hour initially and 50 euros on average throughout the period of application, which will last one year.