Madrid, Oct 23 (EFE) .- The price of electricity in the wholesale market (pool) has rebounded this Saturday by about 4% to stand at 211.21 euros per megawatt hour (MWh), staying again above the barrier of 200 euros / MWh and marking the second highest price of the whole week.
In addition, today’s price will be the third most expensive in history for a Saturday, a day on which economic activity decreases and energy demand is lower, and multiplies by more than six the amount registered by the pool during the fourth Saturday of October of last year (32.25 euros).
However, electricity will be 7% cheaper today than last Saturday, just a week ago, and is 28% below the record of 288.53 euros / MWh registered on October 7.
With this new rise, in the first 23 days of October the barrier of 200 euros / MWh has been exceeded on 16 occasions, ten of them consecutively, causing that so far this month a average price of 205.95 euros / MWh, which would become the most expensive month in history.
The prices of the wholesale market have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are welcomed, and serves as a reference for the other 17 million who contract their supply in the free market.
By time slots, the maximum price for today will be registered between 9:00 p.m. and 10:00 p.m. with 256.95 euros / MWh, while the minimum will be 179.21 euros / MWh between 4:00 p.m. and 5:00 p.m. : 00 in the afternoon.
The price escalation that affects a large part of Europe is due, among other factors, to the rising cost of gas in international markets, which is used in combined cycle plants and which sets the market price in most hours, and the increase in the price of carbon dioxide (CO2) emission rights.
(c) EFE Agency
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