The light plummets to its lowest price since November 1

The price of electricity in the wholesale market (pool) has plummeted again this Monday, specifically by 49%, to stand at 96.08 euros per megawatt hour (MWh),

less than yesterday, in which it will be its lowest price since last November 1.

After this decline, the fourth in a row, the price of electricity will be 71% cheaper than last Monday, although it is almost quadruple the value that the pool marked just a year ago (26.51 euros) .Thus, electricity will mark this Monday its lowest price since last November 1, when it reached 91.2 euros / MWh.

In addition, it is also below

for the second consecutive day, a value that was reached in almost 70% of the days of October, in 45% of the days of November and in 90% of the days of December For time slots, the maximum price for today will be registered between 6:00 p.m. and 7:00 p.m. with 207.10 euros / MWh, while the minimum will be 2.67 euros / MWh between 2:00 and 6:00 in the morning.

So far this month, the average price of electricity stands at 251.38 euros / MWh, 30% more than the average registered during the month of November (193.43 euros / MWh), and 26% for above that of October (200.06 euros / MWh), the most expensive month to date.

If current December values ​​are maintained,

more than triple that of last year, the cheapest in the last 17 years thanks to the fall in demand and prices that caused the pandemic.

The prices of the wholesale market have a direct effect on the regulated tariff or PVPC, to which almost 11 million consumers in Spain are welcomed, and serves as a reference for the other 17 million who contract their supply in the free market.

To cushion the impact that the rising cost of electricity is having on consumers, the Government recently approved the extension of the tax reduction on the taxes levied on electricity bills during the first four months of 2022.

The price escalation that affects a large part of Europe is due, among other factors, to the rising cost of gas in international markets, which is used in combined cycle plants and which sets the market price in most hours, and the increase in the value of carbon dioxide (CO2) emission rights.

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