The electricity goes up this Sunday to 44.83 euros/MWh

MADRID, Feb 10 (-) –

The price of the wholesale electricity market, the so-called ‘pool’, will rise this Sunday to 44.83 euros per megawatt hour (MWh), after its lowest price so far in 2024 was recorded this Saturday, with an average for the day of 9.47 euros/MWh.

The maximum price will be 83.98 euros/MWh, registering between 7:00 p.m. and 8:00 p.m., while the minimum, 20.50 euros/MWh, will occur between 3:00 a.m. and 4:00 a.m., according to provisional data from the Operator of the Iberian Energy Market (OMIE) collected by Europa Press.

However, this price is not then transferred to the receipt exactly at those zero euros, since there are fixed costs for the electricity consumer, due to tolls, charges and system adjustments.

The ‘pool’ does not exactly represent the final amount in the price of electricity for a consumer covered by the regulated tariff, since with the entry in 2024 a new method of calculating the PVPC was adopted, which incorporates a basket of prices at medium and long term to avoid strong fluctuations, without losing short-term price references that encourage savings and efficient consumption.

Specifically, the proportion of linkage with the ‘pool’ price will be progressively reduced, to incorporate the references of the futures markets, so that these represent 25% in 2024, 40% in 2025 and 55% at from 2026.

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