The electricity price in the wholesale market (pool) has been located for this Friday, April 15, Good Friday, the province of Santa Cruz de Tenerife (Tenerife, The Palm, La Gomera Y The iron) in 198.47 euros per megawatt hour (euros/MWh)what it means a 10% drop compared to the value set for yesterday, Thursday.
According to data from the Iberian Electricity Market Operator (OMIE), the Maximum price this Friday it will be recorded between 9:00 p.m. and 10:00 p.m., when it will be 237.29 euros/MWh, while the minimum will reach 151.11 euros/MWh between 3:00 p.m. and 4:00 p.m.
Despite this decline, the price of electricity triples the amount registered a year ago, when it was paid at 68.19 euros/MWh, although it is more than 3% below the figures for last February 24, when the war in ukraine.
In addition, the price of this Friday, a national holiday, where economic activity usually decreases and energy demand is lower, continues to be 64% lower than the record of 544.98 euros/MWh registered on March 8.
So far this month, the average price of electricity reaches 217.97 euros/MWhabout 70 euros below the average registered during March (283.3 euros/MWh), the most expensive in history to date, and almost double the price of 2021, which was crowned as the most burdensome year in the historical series with 111.4 euros/MWh.
Wholesale market prices have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are coveredand serve as reference for the other 17 million who contract their supply on the free market.
In this sense, the Russian invasion of Ukraine is causing tensions in the energy marketespecially in the case of gas, due to the risk that Russian imports to Europe will be slowed down by the sanctions imposed by the European Union.
The Government has approved a national plan to respond to the economic and social consequences of the situation in Ukraine, which includes the extension of the tax reduction on the taxes levied on the electricity bill until June 30and the expansion of the electricity social bond to reach 1.9 million beneficiary households.
