The price of electricity shoots up to € 216.74 / MWh this Thursday: almost five times more than a year ago

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The light price in the wholesale market it has been placed for Thursday, December 9, at 216.74 euros per megawatt hour (MWh), double the price set for this Wednesday, once again exceeding the barrier of 200 euros / MWh. Also, the price of this Thursday will be almost five times higher than the equivalent day price of last year, when it was paid at 43.42 euros / MWh.

The price of electricity will reach 200 euros / MWh this Thursday after marking its second lowest price in more than a month on Wednesday, only behind the 91.2 euros / MWh on November 1 and 101.97 euros / MWh last Sunday. This barrier has been overcome in almost 70% of the days of October, in 45% of the days of November and in seven of the first nine days of December.

So far this month, the price of electricity stands at an average of 195.99 euros / MWh, almost four euros below the October price (200.06 euros / MWh), the most expensive month in history to date, and three euros more expensive than the November price (193.43 euros / MWh).

According to the data of the Operator of the Iberian Electricity Market (OMIE), the maximum price tomorrow will be registered between 8:00 p.m. and 9:00 p.m., when it will be 252.59 euros / MWh, while the minimum will be 175.1 euros / MWh between 4:00 and 5:00 a.m. the morning.

The prices registered in the wholesale market have a direct impact on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are welcomed, and serves as a reference for the other 17 million who contract their supply in the free market. Behind the price increase are the high gas prices in international markets and carbon dioxide (CO2) emission rights, which during 2021 have been setting record highs every month.

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As for the rest of European countries, in the United Kingdom the megawatt hour will be paid tomorrow at an average of 238.05 pounds (about 279 euros), while in Germany it will do so at 277.88 euros, in France, at 287, 50 euros, in Italy, at 278.55 euros, and in Portugal, at the same price as in Spain when sharing the market.

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