On Tuesday, January 24, the average price of electricity in Spain increased by 24.62 percent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will rise by 24.62 percent, compared to today, Monday 23. Specifically, it will be in €88.77/MWh.

According to the operator of the Iberian Energy Market (OMIE)YoIn the auction, the average price of energy in the wholesale market -the so-called ‘pool’- will be €87.45/MWh tomorrow.

The minimum price on Tuesday, of €47.85/MWh, will occur between 3 and 4 a.m., while the maximum price will be registered between 7 and 8 p.m., when it will be €220/MWh.

A compensation for gas companies of €1.32/MWh is added to this pool price. It must be paid by consumers who are beneficiaries of the measure, regulated rate consumers (PVPC), or those who, despite being in the free market, have an indexed rate.

The average price of electricity for customers at a regulated rate linked to the wholesale market between January 1 and 24, 2023 stands at €67.19/MWh. In the same period of 2022, without the Iberian mechanism in force, it was €194.21/MWh, almost three times more expensive.

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By yjawq

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