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Thursday, February 2, 2023

Light will moderate this Wednesday by 3% to 278.5 euros

There will be power failure this Wednesday and 3%, up to 278.5 euros per megawatt hour (MWh), according to the results of auctions held in the wholesale electricity market, after three consecutive days of hikes.

In the absence of the so-called “Iberian mechanism”, which limits the price of natural gas for electricity generation, The wholesale price for tomorrow will be 303 Euro/MW, down 30 Euro from the previous dayAccording to data from the Iberian Electricity Market Operator (OMIE) and the Iberian Gas Market (MibGas).

The final average price is the result of adding to the 160.3 Euro/MW registered in the wholesale market for this Wednesday, the provisional adjustment that should be pay gas cap beneficiaries To compensate plants that use this material to generate electricity, which will be tomorrow at 118.2 Euro/MWh.

By time slot, and excluding further adjustments, electricity will reach its highest price in this wholesale market tomorrow, between 09:00 and 10:00, with 156.8 Euro/MWh, and its lowest, between 04:00 and 05:00 When it will cost 134.7 Euro/MWh.

After this increase, the price of electricity for this Tuesday is 31% more expensive than a year ago, when it was 212 Euro/MWh.

Even then, Prices in Spain will once again be lower than those registered in neighboring countriesEven without the application of throttle cap.

In France, the average price will be 430 Euro/MWh; in Italy, 380 Euro/MWh; In the United Kingdom, 312 pounds/MWh (approximately 362 Euro/MWh), and in Germany, 325 Euro/MWh.

World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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