these are the cheapest hours

0

The electricity price morning Tuesday gives customers a break from the regulated rate and It plummets 23.4% compared to today Monday, while consumers look askance at the cost of gas, which continues to rise, according to provisional data from the Iberian Energy Market Operator (OMIE).

At the auction, the average cost of the electricity bill tomorrow in the wholesale market -the so-called ‘pool’- this Tuesday will be 109.66 euros/MWh. The maximum price will be registered between 9:00 p.m. and 10:00 p.m., with 154.8 euros/MWh, while the minimum for the day, of 87 euros/MWh, will be between 05:00 and 07:00.

At this price of the ‘pool’ compensation is added to gas companies of 2.53 euros/MWh, which has to be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC) or those who, despite being in the free market, have an indexed rate or they have to renew their contract. The sum leaves the cost at 112.19 euros.

In absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain would be on average around 142.79 euros/MWh, which is around 30.6 euros/MWh more than with the compensation for customers of the regulated rate, which will thus pay 21.4% less on average.

The ‘Iberian mechanism’, which entered into force on June 15limits the price of gas for electricity generation to an average of 48.8 euros per MWh over a twelve-month period, thus covering the coming winter, a period in which energy prices are more expensive.

In specifically, the ‘Iberian exception’ sets a path for natural gas for electricity generation from a price of 40 euros/MWh in the initial six months -until December 15-, and subsequently, a monthly increase of five euros/MWh until the end of the measure.

Source: lainformacion.com

*The article has been translated based on the content of lainformacion.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!

For all the latest news click here

Denial of responsibility! termbeamer.com is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at amritpaljha@gmail.com The content will be deleted within 24 hours.

Leave A Reply

Your email address will not be published.