The price of light is triggered on Tuesday to 101 euros, its highest registration since 2002

The price of light recommends its maximum levels and will reach its highest record in almost 20 years. The cost of a megawatt hour will be 101.82 euros, the s

The price of light is triggered on Tuesday to 101 euros, its highest registration since 2002

The price of light recommends its maximum levels and will reach its highest record in almost 20 years. The cost of a megawatt hour will be 101.82 euros, the second highest level in history. A prohibitive price that coincides with the heat wave that hits the country and keeps 19 provinces in alert by high temperatures, gaining the cost of operating the air conditioner.

The new record is already approaching the marking on January 11, 2002, when the cost of light touched 103.76 euros. That month, however, the average price stayed at 61 euros, thirty euros less than average cost recorded in the first 20 days of July. That is, the record of 2002 was an anecdote if compared to the maintenance of the price at historical levels in a prolonged way in this month of July, which is what it really has been impacting on the monthly receipt of millions of households and companies.

The current increase in the cost of light responds to the increase in the international gas quotation and the increase in CO2 emission rights in Europe. Both factors are affected by thermal gas plants to the electricity market, and running with a marginalist model all agents that offer their megawatts time to the market have ended up charging that cost. On the other hand, the heat wave in the country entails an increase in demand for light in refrigeration that stresses the market plus.

The rise in light annuls virtually the extraordinary measures approved on June 24 by the Government to try to alleviate the strong increase in electricity recorded by 2021. Among these "conjunctural" measures highlighted a VAT drop of 21% to 10% limited to the second semester of the year. Despite these measures, consumer associations denounce that the receipt is 35% higher than the same month of the previous year.

The price of electricity in Spain will be one of the most expensive in Europe, surpassed only by the one registered in Italy, Croatia or Serbia. The price of energy has a nearby weight on the invoice of around 24%, while around 50-55% corresponds to tolls - the cost of transport and distribution networks - and charges - cost-associated costs Of the renewables, the extrapeninsulars and the annuities of the rate deficit - and the rest taxes.

The oscillations in the daily price affect consumers welcomed at the regulated rate (PVPC), something more than 10 million, while they are exempt by those in the free market - a 17 million, as they have a precipated price with your company.

Updated Date: 25 July 2021, 06:34

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