The price of electricity drops 30% this Monday, to 52.54 euros/MWh

Between 3:00 p.m. and 4:00 p.m. the price of electricity will be 0.10 euros/MWh


The average price of electricity for regulated rate customers linked to the wholesale market will drop this Monday by 30.48% compared to this Sunday, to 52.54 euros per megawatt hour (MWh), which is the third highest price. low so far this month.

By time slots, the lowest price will be recorded between 3:00 p.m. and 4:00 p.m., with 0.10 euros/MWh, while the maximum price will be between 12:00 a.m. and 01:00 a.m., with 98.21 euros/MWh .

The average price of electricity so far in April is around 66 euros/MWh, around half the 119 euros/MWh of the same period of the previous month.

In addition, electricity will be 67% cheaper this Monday than a year ago, when its price reached 159.33 euros/MWh.

Likewise, this Monday the cap on gas will continue without being applied, since the price of this raw material on the Iberian Gas Market (Mibgas) remains below the limit of 56.1 euros/MWh set by the Government for this month.

The Iberian exception has been extended until December 31, after the agreement reached by Spain and Portugal with the European Commission.

Thus, it is extended for seven months, until the end of this year, and it is not excluded that it could be extended for a longer time if said framework is also extended.

Specifically, the agreement not only represents an extension of the Iberian exception that was already applied, but also implies some adjustments to accommodate it, such as the price reference, which until now increased by five euros per month, and will now be smoother.

In the original agreement, the aforementioned reference price for gas had an average value of 48.8 euros/MWh: it was 40 euros/MWh for six months, rising 5 euros/MWh each month thereafter. Now, it will increase by 1.1 euros/MWh from April, to conclude at 65 euros/MW.

Currently, the mechanism has had no effect on the marginal matching processes in the wholesale markets since the end of February, due to the drop in the price of natural gas below the thresholds set for its application, but, if necessary, the extension will allow maintain a reasonable price, not so dependent on the evolution of natural gas.