May 23, 2022

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The price of electricity will drop today even though it continues to rise in the heat of the heat wave

The price of electricity will drop today even though it continues to rise in the heat of the heat wave

the Average price of electricity In the wholesale market (complex) it fell slightly again on Sunday, 4% to 110.02 Euros per MWh (MWh), prices nonetheless continue to skyrocket in the heat of the heat wave. After five consecutive records, the wholesale market price — which weighs about 24% in consumers’ bill with regulated tariffs — has posted its second decline, however, Sunday will be at the highest price And in a full heat wave.

The price more than tripled €31.55 on the same date in 2020, according to data from the operator of the Iberian Electricity Market (OMIE) compiled by Efe. according to time periods, The maximum price for Sunday will be 124.91 euros per MWh at 1 amThe minimum is 84.47 euros at 6 pm.

Behind these high prices Gas price hike -which is used by the combined cycles and sets the price on most hours-, high rights CO2 انبعاثات emissions, the increase in demand due to economic recovery and high temperatures;

In Spain, the wholesale price of electricity weighs about 24% in the electricity bill of nearly 10 million households covered by the regulated or voluntary rate for small consumers (PVPC).

around them 17 million consumers in the free marketWhich drives in kilowatt-hours the prices offered by the companies they contract for supply, are not affected by upward fluctuations, but they also do not benefit when they occur downward, as was the case last year.

To mitigate the impact on the rising bill in the wholesale market – which is part of the bill and which moves record prices in the heat of the heat wave – The government reduced the value-added tax until the end of the year Which imposes taxes on the electricity bill from 21 to 10% and suspended during the third quarter the tax on electricity generation (7%) paid by producers.

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This same week, the government also admitted that it is studying Create a public company The hydroelectric jumps are grouped together upon the expiration of their concession, an approach that has sparked controversy.