Spain will pay the most expensive electricity in Europe this Sunday: almost three times more than France or Germany

Despite the fact that 2022 began with a drop in electricity prices, which remain at the level of 100 euros, this Sunday the Spaniards will pay the most expensive lamp in Europe. The average price of the pool in Spain it will stand at 136 euros / MWh, far from the prices recorded in Germany and France, where 47.35 euros / MWh and 49.12 euros / MWh will be paid respectively.

the light price on the wholesale market it was placed for this January 2, at 136.97 euros / MWh, which represents an increase of 12% compared to that fixed for this Saturday. With this increase, the price of electricity is almost tripling the amount recorded just a year ago, when it was paid at 48.72 euros / MWh. Based on data from the Operator of the Iberian Electricity Market (OMIE), The maximum price of electricity this Sunday will be recorded between 9:00 p.m. and 10:00 p.m., while it will be 209.1 euros / MWh, while the minimum will be 103.7 euros / MWh between 11:00 a.m. and 10:00 a.m. 1:00 p.m.

Tomorrow’s price will not exceed the barrier of 200 euros / MWh for the third consecutive day, a value that was reached in almost 70% of the days of October, in 45% of the days of November and in 80% of the days. of December. In addition, it will be 43% lower than the December average, which with 239.17 euros / MWh became the most expensive month in history. But this drop compared to previous months does not mean that the Spaniards continue to pay for electricity at the price of gold.

Based on data from Live energy, Spain will pay the highest price of electricity in Europe this Sunday. Most neighboring countries will be below 100 euros / MWh, with the exception of Greece, which will reach 119 euros this Sunday and Portugal, which shares the electricity market with Spain. In the case of Germany and France, the price will be less than 50 euros / MWh, or three times less than in Spain.

Electricity closed 2021 as the most expensive year in the historic series, with an average price of 111.4 euros / MWh, more than triple that of last year, the cheapest of the last 17 years thanks to the drop in demand and prices that caused the pandemic. To cushion the impact of rising electricity prices on consumers, the government extended the tax reduction on taxes levied on the electricity bill (VAT, electricity tax and electricity production tax) during the first four months of this year.

Wholesale market prices have a direct impact on the regulated tariff or PVPC, which is covered by nearly 11 million consumers in Spain, and it serves as a benchmark for the other 17 million who contract their supplies on the free market. Behind the price increase are high gas prices on international markets and carbon dioxide (CO2) emission rights, which in 2021 have reached record levels month after month.

Disclaimer: This article is generated from the feed and not edited by our team.

Mary I. Bruner