The average price of light in the wholesale market this Tuesday will reach its highest level so far in June, month in which the new structure of time sections also came into force, exceeding the level of the 90 euros per megawatt hour (MWh).
Specific, the electricity pool will register for this Tuesday an average price of 90.95 euros per MWh, a level only surpassed so far this year by the almost 95 euros per MWh that it touched on January 8, in the middle of the storm Filomena, according to OMIE data collected by Europa Press.
This data thus pulverizes what was until now the second most expensive daily price registered in 2021, the 88.95 euros per MWh on May 28.
The price of energy has a weight close to the bill of around 24%, while around 50-55% correspond to tolls -the cost of transmission and distribution networks- and charges -the costs associated with the promotion of renewables, extra-peninsular ones and the annual payments of the tariff deficit- and something else. 21% to taxes.
While, consumers in the free market are exempt from fluctuations in the daily price, since they have a price agreed with your company.
The high price of electricity so far in June occurs in a month in which the new scheme has also come into force for hourly periods. Thus, the prices of tolls and charges are different between the time periods, both for power and energy.
In the case of power from Monday to Friday on weekdays, the valley will go from 00:00 to 07:00, while the peak will be from 08:00 to 24:00. In the case of weekends and holidays, the power term will be ‘valley’ all day.
As far as consumption is concerned, three time zones are set: peak, flat and valley. The peak period, in which the cost of tolls and charges will be higher, will be between 10 am and 2 pm and 6 pm and 10 pm; the ‘flat’ section, with an intermediate cost, will be between 08:00 and 10:00, 14:00 and 18:00 and between 22:00 and 00:00; and the ‘valley’ rate, the cheapest of the three, will be located between midnight and eight in the morning and will be applied during all hours of weekends and holidays.
This Monday, the most expensive time of the day for consumers under the PVPC took place from 8:00 p.m. to 9:00 p.m., with a price of 0.25383 euros per kWh. ANDThe average price of the day was 0.16 euros per kWh and the cheapest was 0.112 euros per kWh in the valley, from 02:00 to 03:00.
May receipt, 44%
Last May, the average electricity bill rose 0.8% compared to April and soared 43.8% compared to the same month last year, thus maintaining its upward trend of recent months.
Last week, the Ministry for the Ecological Transition and the Demographic Challenge asked the National Commission of Markets and Competition (CNMC) to analyze “any possible irregular behavior or market malpractice on the part of the market operators.”
The increase in the price of electricity so far this month is mainly based on the increase in gas prices and CO2 rights, which so far in June exceed 51 euros per ton, doubling their value of a year ago.
Eddie is an Australian news reporter with over 9 years in the industry and has published on Forbes and tech crunch.