Europa Press
Updated Sunday, March 31, 2024-15:35
The
wholesale electricity market
, the so-called 'pool', opens April this Monday with
ten hours at zero euros
per megawatt hour (MWh) and
three hours at -0.01 euros/MWh,
with an average price of 2.76 euros/MWh during the day, according to provisional data from the Iberian Energy Market Operator (OMIE).
Specifically, the three hours at a negative price will be
between 3:00 p.m. and 6:00 p.m.,
something unusual and which implies that in this section consumers who generate energy will have to pay for the electricity they feed into the network.
From midnight until 8:00 p.m., the price of electricity will be zero euros or practically zero during all hours to rise from 9:00 p.m. to 10:00 p.m., a period in which it will cost 21.43 euros/MWh, the maximum for this Monday.
The month of April thus begins, continuing the trend recorded in March, in which the average price was 20 euros per megawatt hour (MWh), half that of the average price recorded in February and 77.5% less than in March 2023, when it stood at 89.6 euros/MWh.
Furthermore, last month a minimum price of 0.54 euros/MWh was set on March 10, due to the high participation of renewable energies due to the storms that have passed through the country.
In fact, on
16 of the 31 days in March
the pool average was below the level of 10 euros/MWh, and in many hours the price was zero euros/MWh, although this price is not transferred then to the receipt exactly, since there are fixed costs for the electricity consumer for tolls, charges and system adjustments.