The average price of electricity in the wholesale market will cut the downward trend of the last four days this Saturday and will rise 6.32% compared to this Friday, once again exceeding the level of 190 euros per megawatt hour (MWh ).

Specifically, the 'pool' will register an average price of

190.41 euros/MWh this Saturday, about 11 euros more than the 179.09 euros/MWh this Friday

, according to provisional data published by the Iberian Energy Market Operator ( OMIE) collected by Europa Press.By time slots, the maximum price of electricity for this January 22 will be between 8:00 p.m. and 9:00 p.m., with 245.27 euros/MWh, while the minimum, 166.9 euros/MWh, will be recorded between 04:00 and 05:00.

Compared to a year ago, the price of the 'pool' for this Saturday will be 353% more expensive than the one registered on January 22, 2021, of only 41.97 euros/MWh. The prices of the 'pool' they have a direct impact on the regulated rate --the so-called PVPC--, to which almost 11 million consumers in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market.

The increase in the electricity market in recent months is explained, mainly,

by the high prices of gas in the markets and carbon dioxide emission rights (CO2)

, at all-time highs this year. 2021, THE MOST YEAR CAROLa luz closed 2021 as the most expensive year in the historical series, with an average price of 111.93 euros/MWh due to the upward spiral registered in the 'pool' in the second half. The month of December registered an average monthly price in the wholesale electricity market of 239.1 euros, the highest monthly in history after exceeding the 200 euros/MWh of last October by more than 39 euros.

The Government has extended until April 30 the reduction of taxes

included in the electricity bill paid by all consumers in order to mitigate the negative effect that the rise in the price of electricity is causing on citizens. Specifically , the reductions from 21% to 10% of VAT and the special electricity tax from 5.11% to 0.5%, the legal minimum, have been extended until April 30.

However, the suspension of the 7% generation tax paid by companies will only be maintained, for now, until March 31.europa press

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