Electricity drops this Sunday to 72.84 euros per MWh, its minimum price since August 2021

This Sunday, the cheapest time slot, without taking into account the adjustment, will be between 4:00 p.m. and 6:00 p.m. It is the fourth consecutive day that the so-called “Iberian mechanism” does not apply On August 7, 2021, the MWh was paid at 65, 64 euros, since then it has not stopped rising The price of electricity in the wholesale market drops 30.56% tomorrow, to 72.84 euros per megawatt hour (MWh), its lowest since August 2021, in the fourth consecutive day in which the so-called “Iberian mechanism” does not apply, according to the results of the auction held this Saturday. The gas cap will not be applied this Sunday for the fourth time since it came into force on June 15 because the price of natural gas has fallen below 40 euros per MWh in the Iberian Gas Market (Mibgas), a maximum price established by the Government, to 36.43 euros per MWh. This Sunday’s price is the lowest from August 7, 2021 (65.64 euros per MWh) and, with it, this week accumulates the tr It is the lowest prices of the year, after 80.6 euros per MWh on Wednesday and 85.4 euros per MWh on Thursday. The final price coincides with that of the wholesale market (72.84 euros per MWh), since this Sunday no there is no need to make any adjustments to compensate the plants that use natural gas to generate electricity. The price of electricity in the wholesale market tomorrow is far from the more than 210 euros per MWh that was paid a year ago, a drop in the one that influences both the greater renewable production and the lower price of natural gas in the markets. The cheapest time slot The cheapest time slot, without taking into account the adjustment, will be between 4:00 p.m. 4.11 euros per MWh, and the most expensive, between 10:00 p.m. and 11:00 p.m., when it will rise to 138.22 euros per MWh. In Italy, electricity will be paid tomorrow at 103.85 euros per MWh; in Germany, at 95.75 euros; in France, at 87.37 euros, and in the United Kingdom, at 89.89 pounds (about 103 euros). In Portugal, where the cap is also applied to gas destined for electricity generation under what is known as the “Iberian exception “, the price will be the same as in Spain, a country with which it shares a market.