Electricity will drop this Friday by about 18%, to 375.84 euros per megawatt hour (MWh), according to the results of the auction in the wholesale market or “pool” and the adjustment to be paid after the gas cap to compensate to the plants that use this material. Thus, it falls more than 100 euros compared to the price of this Thursday. This price is the result of adding the average of the auction in the wholesale market to the compensation that the users of the regulated tariff will pay to the combined cycle plants for limiting the price of gas. By time bands, and not including this adjustment, the maximum price will be registered between 9:00 p.m. and 10:00 p.m., with 205.27 euros/MWh; while the minimum will be 119.77 euros/MWh, between 4:00 p.m. and 5:00 p.m. However, to these amounts must be added the cost of adjusting the gas plants, which varies according to the volume required by the system and its price, and affects households and beneficiary companies. According to data from the electricity market operator OMIE and the Iberian Gas Market (Mibgas), the wholesale price of electricity (the one paid by regulated rate users) will be around 48 euros lower than the 423.19 euros at which the MWh would have been paid if the gas limit had not been applied. This new fall, the second in a row, occurs after the president of the European Commission, Ursula von der Leyen, announced last Tuesday a possible “emergency intervention” in the electricity market. The Commission’s decision comes after a month of August in which record prices have been set throughout Europe, with an average of 308.63 euros/MWh in the case of Spain, which makes it the month with electricity most expensive in history. Prices above 500 euros in Italy and France The highest price will be registered in Italy, where it will drop to 524.34 euros/MWh; followed by France, with 516.69 euros/MWh. In Germany, an average price of 422.25 euros/MWh will be reached, compared to 327.87 pounds/MWh in the United Kingdom (about 379 euros at the current exchange rate). In Portugal, where the cap on gas is also applied due to the ‘ Iberian exception’, the auction price will be the same as in Spain, a country with which it shares a market. Adjustment and auction In the case of considering only the results of the auction in the wholesale market, without including the adjustment that the beneficiaries of the gas limit must pay to compensate the power plants that use this material, electricity will fall by 21%, to reach at 152.14 euros/MWh. Thus, for this Friday, the provisional average adjustment for consumers will be 223.7 euros/MWh, about 70 euros higher than the average price of the auction, with which the final price will be 375.84 euros/MWh, more than double that of a year ago.