The price of light goes down to 226.21 euros the megawatt, but it will be the most expensive Saturday in history

The average daily price of electricity in the wholesale market will fall tomorrow until 226.21 euros per megawatio hour (MWh), 1.3% less than Friday, although i

The price of light goes down to 226.21 euros the megawatt, but it will be the most expensive Saturday in history

The average daily price of electricity in the wholesale market will fall tomorrow until 226.21 euros per megawatio hour (MWh), 1.3% less than Friday, although it will be the most expensive Saturday in history and fourth record. high.

After concluding September with a half-record price, October already registers the six highest values seen so far by only nine days, according to the data of the designated electricity market operator (OMIE).

This Saturday, the price will rise 30.26% compared to a week ago, when electricity in the Spanish wholesale market was at 173.65 euros / MWh. Comparing it with a year ago, the price of electricity increases 409.6%, that is, five times more than 44.39 euros that were then recorded.

The highest price on this Saturday will be between 21.00 and 22.00, when it will reach 254.45 euros / MWh, while the lowest will be recorded between 5:00 pm and 6:00 pm, with 176.92 euros / mwh .

This situation occurs in full escalation of the price of all raw materials linked to energy throughout the world, such as gas, oil and coal, which fires at the same time the rights of CO2, also at historical maximums.

However, the Government has already approved a clash plan that will temporarily contain these rises, by lowering taxes and minoring some extraordinary income of the electrical, so it will not be reflected in the invoices of the consumers.

Even so, as it is a global problem, the inflationary trend in all types of energy could be transferred to the industry, being able to cause pressures in their activity or the transfer of prices to consumers.

10% VAT reduction, 7% tax suspension to electricity generation, discount of 0.5% electricity tax or the expected contribution of 2,600 million euros by the electrical ones from the so-called 'Benefits fallen from heaven', are some of the measures undertaken by the Spanish Government.

In any case, the price of the quotation that is published each day, as the executive has already been warned, will continue at elevated dimensions and uploading, at least, until March of next year, at which time it is expected to decay. Meanwhile, the bill should continue to fall in price despite the rise in the wholesale market.

Updated Date: 09 October 2021, 16:02

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