Electricity takes a break this weekend. After the drop of almost 30%, to 124.53 euros per megawatt hour (MWh) this Saturday, this Sunday it will plummet to the 79 euros, according to the data of the market operator OMIE. East decrease of almost 37% Regarding this Saturday, it places the price as the lowest on the wholesale market in almost three months and is close to the one registered in May, around 60 euros.
This descent in a day of low economic activity and in which electricity demand is lower It will be the lowest since last August 1, the moment from which the climb began, which has taken the price above 200 euros on more than twenty occasions this month. In fact, despite this specific decline, October closes as the most expensive month in history.
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The prices of the wholesale market have a direct effect on the regulated tariff or PVPC, to which they are covered almost 11 million consumers in Spain, and serves as a reference for the other 17 million that contract their supply in the free market with the trading companies. By time slots, the most expensive time this Sunday will be between 10 p.m. and 11 p.m., with 148 euros per MWh, and the cheapest, between 10 a.m. and 11 a.m., with 52.79 euros per MWh.
The escalation registered by the light has led the Government to take various measures, including the reduction of taxes on the receipt. A cut was also applied to the extraordinary profits obtained by the electricity companies from the runaway rise in gas. In any case, this last measure has been softened by the Executive after intensive and strong pressure from the electricity companies, which have now lowered their offensive.
Reference-www.elperiodico.com