Updated Sunday, 12 September 2021 – 13:39
The Council of Ministers approves on Tuesday a new package of measures to cushion the rise in the price of electricity in the wholesale market
Towers of the electricity network in Bilbao . September 10 The price of electricity is once again spraying the historical maximum and exceeds 150 euros for the first time
The average price of electricity in the wholesale or pool market will stand at 154.16 euros per megawatt / hour (MWh) tomorrow, Monday, which is the highest price in history in Spain, above the record that was broken in the past. Friday, at 152.32 euros.
The price of the pool will be paid tomorrow ten euros more expensive than today (144.18), which has been the most expensive Sunday since there are records, and almost four times more than the same Monday in 2020, when it was paid at 43.49 euros.
By time slots, the maximum reaching 170 euros between 9:00 p.m. and 10:00 p.m. and the minimum at 125 euros from 05.00 to 06.00 and from 06.00 to 07.00.
The increase in prices in the wholesale energy markets is a phenomenon that affects the whole of Europe, mainly due to the rising gas prices in the international market and the increase in costs for CO2 emission.
As in the United Kingdom, the MWh shoots up this Monday to 197.14 pounds (230.65 euros), in Germany it rises to 141.32 euros, in France to 139.41 euros and in Italy, where the Government is preparing to intervene , at 148.18, while in Portugal the price is the same as in Spain, since they share a market, according to data collected by . between the respective operators.
In Spain, the wholesale price has a weight of around 24% in the electricity bill of the more than 10 million homes covered by the regulated tariff o Voluntary Price to the Small Consumer (PVPC).
The Council of Ministers is expected to approve on Tuesday a new package of measures to cushion the rise in the price of electricity on the wholesale market, which could include a new tax cut, the review of the regulated tariff or PVPC so that it is not so exposed to the fluctuations of the wholesale market and force the large electric companies to auction energy between marketers and industrialists.
Meanwhile, the PP has started this weekend in Madrid its campaign to distribute leaflets with the measures it proposes to reduce the electricity bill by 20%: keep the VAT at 10%, abolish the tax on the value of the production of the electricity, that the more than 2,000 million of the CO2 emission rights are used and that non-energy costs are included in the General State Budgets.
According to the criteria of
The Trust Project Learn more