The electricity price in the wholesale market (and consequently in cities like Barcelona) It has remained stable this tuesday after registering a drop of only 0.01% to reach 208.71 euros per megawatt hour (MWh), according to data from the Iberian Electricity Market Operator (OMIE).
Despite this slight decrease, the price of electricity almost four times the amount he marked during the second Tuesday of May of the previous year (54.05 euros), and a 2% above the figures for February 24, when the Russian invasion of Ukraine began.
In the first ten days of May, the price of electricity reaches an average of 192.64 euros/MWh, about 32% below the value of March, the most expensive month in history with 283.3 euros/MWhalthough 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 zonesthe price maximum for this Tuesday will be registered between 07:00 and 08:00 hourswith 237.95 euros/MWh, while the minimum will be 176.22 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.