The price of electricity falls almost 17% this Tuesday, to 136.49 euros/MWh

The maximum price will be recorded between 10:00 p.m. and 11:00 p.m., with 180 euros/MWh, and the minimum, 80.88 euros/MWh, between 2:00 p.m. and 3:00 p.m. The price of electricity in Spain it would be an average of 155.39 euros/MWh, which is almost 19 euros/MWh more than with the compensationThe average price of the daily electricity market in October was 127.21 euros/MWh, 36.4% lower than the average price of October last yearThe average price of electricity for regulated rate customers linked to the wholesale market will fall 16.52% on Tuesday compared to this Monday, to 136.49 euros per megawatt hour (MWh) , according to provisional data from the Iberian Energy Market Operator (OMIE) collected by Europa Press. In the auction, the average price of electricity in the wholesale market –the so-called ‘pool’– stands for this Tuesday at 110 €.32/MWh. The maximum price will be registered between 10:00 p.m. and 11:00 p.m., with 180 euros/MWh, while the minimum for the day, of 80.88 euros/MWh, will be between 2:00 p.m. and 3:00 p.m.: 00 hours. To this price of the ‘pool’ is added the compensation to the gas companies of 26.17 euros/MWh that has to be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC) or those who, Despite being on the free market, they must renew their contract. 12.16% less than without applying the measure In the absence of the ‘Iberian exception’ mechanism to cap the price of gas for electricity generation, the price of electricity in Spain it would be an average of 155.39 euros/MWh, which is almost 19 euros/MWh more than with the compensation for clients of the regulated tariff, who will thus pay 12.16% less on average. ‘, which entered into force on June 15, limits the price of gas for electricity generation to an average of 48.8 euros per MWh lasts over a period of twelve months, thus covering the coming winter, a period in which energy prices are more expensive. Specifically, the ‘Iberian exception’ sets a path for natural gas to generate electricity from a price of 40 euros/MWh in the initial six months -until December 15-, and subsequently, a monthly increase of five euros/MWh until the end of the measure.Average price in October 36% lower than last yearThis Monday ends the month of October, in which the average price of the daily electricity market was 127.21 euros/MWh, 36.4% lower than the average price of October last year and 9.8% lower than last month of September. The average daily compensation for the adjustment of natural gas in October was 100.81 euros/MWh, according to data from the Association of Companies with Large Energy Consumption (AEGE).