The price of electricity has shot up 27% in this start of 2021, reaching 16.81 cents per kilowatt hour (kWh) with the regulated rate (PVPC), compared to 13.24 cents in the same period of 2020, according to data from Facua-Consumidores en Acción.

With the data for the first seven days of the year, the average user's electricity bill would stand at

80.71 euros

, which represents an increase of 19.3% over the 67.67 euros on the same dates last year.

The analysis is made on an average consumer of 366 kilowatt hours (kWh) per month and that has a contracted power of 4.4 kW, says the organization.

This increase in the price of electricity coincides with the cold wave that devastates practically the entire Iberian Peninsula due to the storm 'Filomena'.

More than 100 euros per MWH

Thus, the price of electricity for this Thursday in the wholesale market stands at an average of 88.93 euros per megawatt hour (MWh), a figure that is double the average in these first days of 2021.

In fact, according to data from the operator of the Electricity Market (Omie), the price will

exceed 100 euros per MWh in almost half of the slots with a

peak of 108.97 euros per MWh between 20.00 and 21.00

.

The pressure on prices in the gas market is also contributing to this.

Thus, according to Mibgas data, the price reached 38.9 euros per MWh this Thursday, 22.4% more than that marked yesterday.

According to Facua data, the average user's bill has not exceeded 80 euros since December 2018. Last month, the bill experienced its first year-on-year increase after 19 consecutive months of drops.

The increase was 7.2% for the average user.

Thus, the monthly bill with the average kWh rate in December 2020 represented 69.28 euros, compared to 64.62 euros in December 2019.

According to the criteria of The Trust Project

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