The price of electricity marks a new record this Monday and shoots up to 154.16 euros per megawatt hour


Madrid

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The average daily price of electricity in the wholesale market will set a new record on Monday, reaching 154.16 euros per megawatt hour (MWh),
its highest price ever
and 6.9% higher than that registered today Sunday (144.18 euros).

In this way, it beats the maximum reached this Friday, when the price of electricity in the wholesale market was 152.32 euros per megawatt hour (MWh), according to data from the designated electricity market operator (OMIE).

After the slight truce of the weekend, the price of electricity faces another week on the rise. Taking into account the time slots, the cheapest one this Monday will take place between 05:00 and 06:00, when it will drop to 125 euros. On the contrary, the most expensive will be between 8:00 p.m. and 9:00 p.m., when the price will skyrocket to 170 euros / MWh.

Cost of putting electrical appliances with the price of electricity above 150 euros MWh
Cost of putting appliances with the price of electricity above 150 euros MWh – Luis Cano

Last Monday, September 6, the average price of electricity in the wholesale market was 132.65 euros / MWh, about 21.5 euros less than the price set for this Monday.

Compared to 13 September last year, when the average daily price stood at 40.39 euros / MWh, this Monday’s price is almost four times more expensive. The first two weeks of September already have the record for having the highest prices ever seen in the wholesale market.

In August, and in the heat of the heat wave,
the price was setting a new record
after another, causing the average price of the month to reach 106 euros / MWh, the most expensive in history, followed by July, which already set another record, with a price of 92.4 euros.

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