The electricity price in the wholesale market (pool) has been located for eThis Sunday, February 20, at 162.64 euros per megawatt hour (MWh), which represents an increase of 18% compared to the value set for this Saturday, although it remains below the barrier of 200 euros/MWh.
After this rise, the price of electricity will multiply by more than 74 the amount registered just one year ago, when it was paid at 2.19 euros/MWh.
In addition, the price for this Sunday, the day in which economic activity decreases and energy demand is lower, will not exceed the barrier of 200 euros/MWh, a value that was reached in nearly 80% of the days in December, in more than 70% of those in January and in only 35% of those in February.
According to data from the Iberian Electricity Market Operator (OMIE), the maximum price for this Sunday will be recorded between 8:00 p.m. and 9:00 p.m., when it will be 225 euros/MWh, while the minimum will be 125.52 euros/MWh between 3:00 p.m. and 4:00 p.m.
The prices of electricity in the wholesale market have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are covered, and serves as a reference for the other 17 million who contract their supply in the free market.
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The rise in prices that affects much of Europe is due, among other factors, to the rising gas prices in international marketswhich is used in combined cycle power plants -the most expensive and which tend to mark the price in most hours- and the increase in the price of carbon dioxide (CO2) emission rights.
The average price of electricity will be below 50 euros/MWh in Germany, where it will cost only 39.62 euros/MWh on average; while in France, the average price will be 115.95 euros/MWh and in the United Kingdom, it will be 162.88 euros/MWh (135.89 pounds/MWh). In Portugal, which shares the same electricity operator as Spain, the average value will also be 137.76 euros/MWh.