The average daily price of electricity in the wholesale market will decrease by 4.2% this Tuesday, to 215.83 euros per megawatt-hour (MWh)However, this price is the highest for Tuesday due to records.
The price of electricity is still far from the €288.53/MWh that marked the past October 7, which is the last recorded historical record, although there are 13 days in a row in which the price does not fall below the 200-euro mark.
Despite a decrease of 4.23% compared to what was recorded on Monday, the price rose by 4.19% compared to the same Tuesday last week. In addition, if the 34.43 euros set a year ago is taken into account, The price of electricity has already doubled by more than six (527%).
The highest price will be this Tuesday Between 8:00 pm and 9:00 pmWhen it reaches 270€/MWh, while its lowest is recorded between 3:00pm and 4:00pm, it will trade at 181.26€/MWh, according to data from the Designated Electricity Market Operator (OMIE), collected by Europa Press.
Rising electricity prices are already being transferred to other industrial products, even causing a drop in activity by some companies, as has already happened in China, as well as to basic products like bread, which have risen to 10 cents a bar. .
I was born with this condition inflationary vortex This could lead the world’s major central banks – the US Federal Reserve or the European Central Bank – to revise their calendar to see and anticipate higher interest rates, with the resulting impact on businesses and local economies such as higher cost debt, mortgages or higher returns on Deposits and other investment products.
Grace Montgomery writes for News Collective, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.