The price of light skyrockets again and exceeds 121 euros per megawatt hour

No ceasefire. The price of light in the wholesale market moved again in a record zone yesterday at 121.14 euros per megawatt hour (MWh) between 20 and 21 hours, the second highest price since there are records, according to market data, OMIE, which are contracted one day in advance.

The average price was 82.45 MWh, still at historically high levels, which have reproduced over the weekend despite the fact that demand is lower due to zero or lower industrial activity. On Saturday it beat all records, reaching 124.24 euros in the same time slot.

This evolution in the middle of a cold wave and with historical snowfall in many areas of Spain already caused on Friday that the Ministry of Consumption demanded from the National Commission of Markets and Competition (CNMC) an investigation to determine if there have been irregularities .

This department, led by Alberto Garzón, leads the criticism against electricity by United We Can. For her part, the fourth vice-president and minister of Ecological Transition, Teresa Ribera, pulled iron this weekend in an interview with Europa Press on this escalation, which she considered “conjunctural” and with a “impact” limited to receipt of light. The price per kilowatt-hour (kWh) of electricity rose 35.8% year-on-year in January, according to FACUA – Consumers in Action.

In the first eleven days of January, the average price stood at 18.2 cents, compared to 13.4 cents in the same period last year. The association yesterday called for urgent measures to curb “speculation” and reduce the cost of electricity bills.

The third vice-president of the government and minister of economic affairs and digital transformation, Nadia Calviño, warned yesterday that the reform of the electricity sector undertaken by the executive does not prevent “punctual” price increases. of light when there is an exceptional situation such as that caused by storm Filomena.

“We cannot make citizens think that the reform of the electricity sector that we are resolutely tackling means that there will be no more occasional increases in the price of light when there is a perfect storm like the one we are experiencing these days,” said Calviño. statements on the SER channel, collected by Europa Press.


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