Saturday, December 10, 2022

Ten days later this Monday electricity will exceed 200 Euro/MW

Electricity will rebound by just over 35% this Monday, at 251.24 euros per megawatt hour (MWh), according to the results of auctions held in the wholesale market or “pools” and adjustments to be paid by the beneficiaries of the cap. Gas to compensate plants that use this material.

This is its fourth consecutive increase, with which it breaks the 200 EUR/MW barrier after ten days, and marks its highest price since last September 22, when it reached 297.96 EUR/MW. That is reflected in the figures prepared by Efe.

According to data from the Iberian Electricity Market Operator (OMIE) and the Iberian Gas Market (Mibgas), the wholesale price of electricity, that is, the price paid by consumers with a regulated rate, will be around €10 cheaper compared to €261.38. On which MWh would have been paid without the gas cap.

The start of the week and tensions in energy markets led to an increase in electricity demand, pending an investigation into how leaks in the Baltic waters from the Nord Stream 1 and 2 gas pipelines, the state of prices in the main economies European .

In fact, EU heads of state and government will address critical infrastructure security next week at their next informal summit in Prague on 6 and 7 October.

With this context in mind, electricity will be paid for tomorrow, on average, in Italy at 346.73 EUR/MWh, although it will be closer to 550 EUR/MWh between 8:00 pm and 9:00 pm.

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