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The price of electricity reaches its highest level in six months in the middle of a heat wave

Date: May 25, 2024 Time: 17:09:47

The average price of electricity will be at the highest level of the last six months tomorrow, Wednesday. Thus, the average electricity for regulated rate customers linked to the wholesale market will increase, on August 23, by 11.82% compared to this Tuesday. It will be located at 134.94 euros per megawatt hour (MWh). Coinciding with the heat wave that is experienced in Spain, the light scale to its highest level since the beginning of March.

In this way, the price of electricity for this Wednesday will continue with the upward spiral in which it has been immersed in recent days and will mark its highest level since last March 6, when it climbed to 147.77 euros/MWh . These levels are recorded in an environment of rising natural gas prices, which for this Tuesday rise to 40 euros per MWh, with a rise of 13.8%, in the Mibgas, together with a rise in demand.

In these first 23 days of the month, the average for the electricity market is above 94.2 euros/MWh, compared to 154.89 euros/MWh that increased in August 2022. At this average pool price Compensation for gas companies would be added, which must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC) or those who, despite being in the free market, have an indexed tariff, but who it is again at 0 euros/MWh, a situation that has been repeated since February 27.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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