The price of light will fall by 4% today, up to 92.02 euros / mwh

The average price of light in the wholesale market will fall this Saturday by 4% compared to 95.89 euros per megawatio hour (MWh) marked this Friday, thus recor

The price of light will fall by 4% today, up to 92.02 euros / mwh

The average price of light in the wholesale market will fall this Saturday by 4% compared to 95.89 euros per megawatio hour (MWh) marked this Friday, thus recording its third consecutive day to the downside.

Specifically, the 'Pool' brand for today an average price of 92.02 euros / MWh, thus away from the maximums that has been playing throughout the week, and that they took him to register on Wednesday a historical record of 106 , 57 euros per MWh.

Throughout Saturday the price of light will mark a maximum of 106.23 euros / MWh, between 11.00 and 24.00, while the minimum for the day will be 73.49 euros / MWh, from 5:00 p.m. to the 18.00 hours, according to Omie data.

With prices in all very high ways for these dates with respect to other years, the light gives a new respite in a month of July marked especially by the high prices.

In any case, this complaint in the price of electricity is usually usual on weekends, in which the demand falls - this Saturday, 448 gigavatios are foreseen (GWh) - in an important way compared to the rest of the week.

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.

According to experts from the sector, 88% of Spain's electricity consumption is not exposed to the volatility of the price of the market 'spot', having contracts with fixed prices, as well as exposed to it the customers welcomed to the PVPC.

On June 24, the government gave green light to a Royal Decree-Law by urgency to reduce taxes that apply to the supply of electricity and, thereby, the invoice of household light, autonomous, SMEs and the set of companies, which pose the Light VAT drop from 21% to 10% until the end of this year and the 7% tax suspension to the electricity generation for three months, which was approved this Thursday for the Congress.

In the specific case of VAT, a 10% drop was applied until the end of the year for all consumers hired up to 10 kilowatts (KW), provided that the average monthly price of the wholesale electricity market is above 45 euros by megawatio hour (MWh).

With regard to the suspension of 7% of the tax on the production value of electricity, which already in 2018 decided its temporary suspension for six months to contain another bullish wave in the price of light, will be valid during the Third quarter of this year.

Despite these measures, the bill of light in July aimed at an increase of 35%, with respect to the same month last year, according to facu-consumers data.

Thus, July will be the third most expensive receipt at the historical level for the average user. To date, the five highest invoices have been 88.66 euros in the first quarter of 2012, 87.81 euros in January 2017, 83.55 euros, September 2018, 82.13 euros of May 2021 and 81.55 euros February 2021.

Date Of Update: 25 July 2021, 06:18

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