The average price of electricity in the wholesale market will fall the Holy Wednesday an 3.31% on the islands of province of Santa Cruz de Tenerife (Tenerife, The Palm, La Gomera Y The iron) compared to yesterday, Tuesday, standing slightly below the level of the 230 euros per megawatt hour (MWh).
Specifically, the average price of the ‘pool‘ for this Wednesday it will be €229.44/MWh7.86 euros cheaper than the 237.3 euros/MWh of yesterday, Tuesday, according to data published by the Iberian Energy Market Operator (OMIE) collected by Europa Press.
The maximum electricity price for this Wednesday it will be given between 09:00 and 10:00, with €260/MWhand the minimum, of 190.0 euros/MWh, will be registered between 05:00 and 06:00.
Compared to just a year ago, the price of the ‘pool’ for this Wednesday will be 203.9% higher than the €75.5/MWh from April 13, 2021.
The prices of the ‘pool’ have a direct impact on the regulated rate –the so-called PVPC–, to which almost 11 million households in the country are included, and serve as a reference for the other 17 million that have contracted their supply on the free market.
In fact, the National Commission of Markets and Competition (CNMC) has found that in 2021, within the framework of the upward spiral of energy, around 1.25 million people switched from the PVPC to a tariff in the free market at a fixed price.
Measures to reduce the price of the receipt
On March 29, the Government approved a national plan to deal with the impact of the war in ukraine which includes, among other measures, the extension of the tax rebate on the taxes levied on the electricity bill until June 30, as well as the extension of the electricity social bond to reach 1.9 million beneficiary households.
In addition, an early and extraordinary update of the regulated remuneration regime for renewables, cogeneration and waste (Recore) was adopted with an adjustment of €1.8 billion with which the charges of the electricity bill are lowered.
Another of the measures agreed by the Executive was an extension until June 30 of the reduction of gas to reduce extraordinary profits in the electricity market, expanding its scope of application to the Energy contracted in term and fixed price from the entry of the norm, if said price is superior to €67/MWh.
Also, the governments of Spain and Portugal have presented a preliminary proposal to the European Commission to establish a reference price for gas of 30 euros per MWh in order to lower the price of electricity.
Why is the price of electric rising when best part of our electricty is generated by wind farms?