The price of electricity this Saturday recorded the lowest level since May 15.

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This Saturday, the price of electricity will almost decrease 36%, up to 156 euros per megawatt hour (MWh). This is the lowest reading since May 15, according to preliminary results from the operator of the energy market of the Iberian Peninsula (OMIE).

The wholesale price of electricity at the regulated tariff would be about 90 euros lower than the 246 euros paid per MWh if the cap on gas for electricity generation had not been imposed.

In the auction, the average price of electricity in the wholesale market – the so-called pool – will be at the level of €106.74/MWh. Meanwhile the maximum price will be fixed 00.00 and 01.00 hrswith 160.08 EUR/MWhAnd at least one day 50.10 EUR/MWhoccurs between 16:00 and 17:00..

Compensation is added to this pool price 49.04 EUR/MWh Gas companies that must be paid by customers using this solution are regulated tariff consumers (PVPC) or those that, despite being in the free market, have an indexed tariff.

European situation: Italy, highest price

Among the main European economies, the highest price will again be recorded in Italy, where 371 EUR/MWh. In France, it will be at the MWh level €353Which is slightly higher than the 351 euros paid in Germany.

For his part, in United Kingdom will be achieved £229/MWh (about 257 euros at the current exchange rate). In Portugal, where the gas cap also applies due to the so-called “Iberian suite”, the auction price will be the same as in Spain, a country with which it shares a common market.

As Europe faces an energy crisis following the Russian invasion of Ukraine, Brussels is drawing up a plan that would help reduce peak-hour energy use, reduce the premium on renewable and nuclear power and impose a windfall tax. from energy companies.

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