The average price of electricity in the wholesale market this Wednesday will be 291.73 euros per megawatt hour (MWh), which represents a new historical record by exceeding the 288.53 euros registered on October 7.

After stabilizing at around 200 euros last week, the light price It has rampaged again in recent days and the trend of the last few days already warned of the possibility of reaching a new historical record, as in the end it has happened.

Regarding the price of this Wednesday, electricity will rise 1.37%, while the rise reaches 168.3% if compared to the same day a week ago. Compared to December 15, 2020, the increase is 496.34%, that is, almost six times more.

The maximum price of electricity for this Wednesday will be between 9:00 p.m. and 10:00 p.m., with 319.1 euros / MWh, while the minimum price will be 261.73 euros between 5:00 a.m. and 6:00 a.m. according to data published by the Iberian Energy Market Operator (OMIE) and collected by Europa Press.

The prices of the ‘pool’ have a direct effect on the regulated tariff -the so-called PVPC-, to which almost 11 million consumers in the country are welcomed, and serves as a reference for the other 17 million that have contracted their supply in the free market .

The rise in prices in the electricity market in recent months is mainly explained by high gas prices in the markets and carbon dioxide (CO2) emission rights, at record highs this year.

December already exceeds 200 euros

December is being a month marked by great volatility, with falls in the average of some days to around 100 euros / MWh and with certain rises that widely exceed the level of 200 euros / MWh.

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In fact, so far this month the average is already at 221.06 euros / MWh, which, if it continues like this, would exceed the record of last October, which was the most expensive month in history.

The November bill: the second most expensive

The electricity bill of an average user with the regulated rate -the so-called PVPC- stood in November at 115.18 euros, 68.1% above the 68.50 euros for the same month last year, thus being the second most expensive bill for the story after last October, according to data from Facua-Consumidores en Acción.

In this way, the association considers that the electricity bill for December would have to be negative for the promise of the President of the Government, Pedro Sánchez, to be fulfilled, that this year consumers will pay the same as in 2018 once the CPI has been discounted.



Reference-www.eleconomista.com.mx

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