Updated on Monday, 30 August 2021 – 14:01
Be almost 5% above the 124.45 euros / MWh registered today
The Minister for the Ecological Transition, Teresa Ribera EDUARDO PARRAEUROPA PRESS / POOL
The price of electricity in the wholesale market (pool) has been placed for this Tuesday at 130.53 euros megawatt hour (MWh), thus closing August with a new all-time high, almost 5% above (about six euros) the 124.45 euros / MWh registered today.
By time bands, this price, in which the supply of the producers is crossed with the demand forecast by Red Elctrica, will oscillate tomorrow between 137.46 euros / MWh that will cost between 22:00 and 23:00, and 123.35 euros / MWh, between 5:00 p.m. and 6:00 p.m.
According to the data of the operator of the Iberian market OMIE consulted by ., in a year-on-year comparison, the pool, the reference in Spain for calculating the regulated tariff paid in about 10 million households, will be more than triple of the 42.01 euros / MWh that it cost on the last day of August 2020.
Behind these high prices, which affect the whole of Europe, are the rising gas prices, used by combined cycles and that sets the pool price in most hours; the higher cost of carbon dioxide emission rights (CO2); increased demand due to economic recovery and high temperatures.
With respect to other countries on the continent, in the United Kingdom the megawatt hour will be paid tomorrow at 113.81 pounds (132.69 euros); in Italy, at 126.68 euros; in Germany, at 110.05 euros; in France, at 108.17 euros, and in Portugal, at the same price as in Spain when sharing the market, according to the data of their respective operators.
In Spain, the wholesale price of light has a weight of around 24% in the electricity bill of the nearly 10 million households covered by the regulated tariff or Voluntary Price to the Small Consumer (PVPC).
Consumers who contract their supply on the free market, which number about 17 million, pay per kilowatt hour the prices agreed by contract with the trading companies, so they are not affected by the fluctuations in the pool.
To immediately cushion the impact of the pool increase on the bill, the Government has lowered VAT until the end of the year which taxes the electricity bill from 21 to 10% and has suspended during the third quarter the tax on electricity generation (7%) paid by the producers.
RIBERA, AT THE CONGRESS
To account for this historic August of the electricity bill, the Minister for the Ecological Transition, Teresa Ribera, appear this afternoon in the Congress of Deputies.
Hours before, the Minister of Industry, Commerce and Tourism, Reyes Maroto, has assured in an interview in RNE that his department is “compensating many sectors of the economy so that this price does not detract from competitiveness, not only for hoteliers, but also for the electro-intensive industry.”
Precisely this Monday it was also known that the consumer price index (CPI) rebounded in August to 3.3% year-on-year as a result of the rise in electricity prices.
A situation that certain associations have already been warning about this month, such as the Organization of Consumers and Users (OCU), which a few days ago denounced that the rise in the price of energy was beginning to affect the shopping basket.
According to the criteria of
The Trust ProjectLearn moreSee links of interest Stage 17, live: Unquera – Lagos de Covadonga