The average price of the Electricity in the wholesale market will rebound this Thursday 4.38% compared to this Wednesday, once again being above the the level of 210 euros per megawatt hour (MWh).
Specifically, the ‘pool’ will register this Thursday an average price of 215.11 euros / MWh, the fourth highest value so far in January, more than 9 euros above the 206.07 euros / MWh of this Wednesday , according to provisional data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.
By time slots, The maximum price of electricity for this January 13 will be between 8:00 p.m. and 9:00 p.m., with 262.95 euros / MWh, while the minimum, 182.85 euros / MWh, will be recorded between 4:00 a.m. and 5:00 a.m.
Compared to a year ago, the price of the ‘pool’ for this Thursday It will be 139% more expensive than the one registered on January 13, 2021, of only 89.94 euros / MWh, also coinciding with Filomena’s cold wave.
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 who have contracted their supply in the free market.
The increase in the price of the electricity market in recent months is mainly explained by the high prices of gas in the markets and carbon dioxide emission rights (CO2), at all-time highs this year.
2021, the most expensive year
The light closed 2021 as the most expensive year in the historical series, with an average price of 111.93 euros / MWh due to the upward spiral registered in the pool in the second semester.
The month of December registered an average monthly price in the electricity wholesale market of 239.1 euros, the highest monthly price in history after exceeding the 200 euros / MWh in October by more than 39 euros.
The Government has extended until April 30 the reduction of taxes included in the electricity bill paid by all consumers in order to alleviate the negative effect that the rise in the price of electricity is causing on citizens.
Specifically, the reductions from 21% to 10% of VAT and the special electricity tax from 5.11% to 0.5%, the legal minimum, have been extended until April 30. However, the suspension of the 7% generation tax paid by companies will only be maintained, for now, until March 31.