The average price of electricity in the wholesale market will fall this Sunday by 27.62% compared to Saturday, specifically, until the €111.35 megawatt hour (MWh), with which he accumulates his fifth consecutive day of declines.
Thus, the average price of the ‘pool’ for this Sunday will be €42.50 cheaper than 153.45 euros/MWh on Saturday, according to data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.
The maximum price of electricity for this Sunday it will be between 8:00 p.m. and 9:00 p.m., with 191.54 euros/MWh, and the minimum, of 3.70 euros/MWh, will be recorded between 3:00 p.m. and 4:00 p.m.
Compared to just a year ago, the price of the ‘pool‘ for this Sunday will be 73.47% higher than the 64.19 euros/MWh of April 17, 2021.
The prices of the ‘pool’ have a direct impact on the regulated rate –the so-called PVPC–, to which almost 11 million households in the country are included, and serve as a reference for the other 17 million that have contracted their supply on the free market.
In fact, the National Commission of Markets and Competition (CNMC) has verified that in 2021, within the framework of the upward spiral of energy, around 1.25 million people switched from the PVPC to a rate in the free market at a fixed price.
Measures to reduce the price of the receipt
On March 29, the Government approved a national plan to deal with the impact of the war in Ukraine that includes, among other measures, the extension of the tax reduction on taxes levied on electricity bills until the next June 30thas well as the expansion of the electricity social voucher to reach 1.9 million beneficiary households.
In addition, an early and extraordinary update of the regulated remuneration regime for renewables, cogeneration and waste (Recore) was adopted with an adjustment of 1,800 million euros with which the charges of the electricity bill.
Another of the measures agreed upon by the Executive was a extension Until June 30, the reduction of gas to reduce extraordinary profits in the electricity market, expanding its scope of application to energy contracted on a term basis and at a fixed price from the entry of the norm, if said price is higher than 67 euros/ MWh.
Also, the governments of Spain and Portugal have presented a preliminary proposal to the European Commission to establish a reference price for gas of 30 euros per MWh in order to lower the price of electricity.