Posted on 03/12/2023 5:15:53 PM PDT by nickcarraway
On Monday, March 13, the average price of electricity in Spain falls by an astounding 54.3 per cent.
The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 54.3 per cent on Monday, March 13, compared to today, Sunday 12. Specifically, it will stand at €36.84/MWh.
According to the operator of the Iberian Energy Market (OMIE), in the auction, the cost of energy in the wholesale market – the so-called ‘pool’ – will stand at €36.84/MWh tomorrow.
Monday’s cheapest time will be between the hours of 3pm and 6pm, at €4.16/MWh, while the most expensive will be between 9pm and 10pm, at €95.11/MWh.
Compensation for gas companies of €0/MWh is added to this pool price for the fifteenth consecutive day. It must be paid by consumers who are beneficiaries of the measure, consumers of the regulated tariff (PVPC), or those who, despite being on the free market, have an indexed rate.
The average price of electricity accumulated from the start of this month until March 13 stands at €103.43/MWh. That is almost €30 less than the €131.46/MWh of the same period in February.
Why do I not believe any of this?
“Why do I not believe any of this?”
For starters, it’s a DECEPTIVE HEADLINE, but I’m waiting to see if anyone else figures out why.
There’s an electricty charge and then there is delivery fee,
My delivery fee is almost as much as my electricy charge.
if their electricity charge is going down from $.13 a KWH to $.10, I pay $.06 / KWH in Texas. If that is the total they are paying, Spain appears to be the place to live in Europe.
130 to 100 isn’t “more than half”, except to journalism majors.
I Remember just under 3 years ago when oil was Free and gas was 1.17/gallon because Covid driven economic collapse.
When people are singing the praises of falling engergy prices, it usually means worse things are afoot.
That's for Feb. 1-12, 2023, vs. Mar. 1-12, 2023. (Actually €131.46 vs. €103.43, average price during those periods.)
Per the article the price on Mar. 13, 2023 (averaged for the day, I assume) is €36.84. ("Will be" is already in progress there.)
The average price for Mar. 12, 2023 (in Spain) is not actually stated, but upper bounds and lower bounds are:
Monday’s cheapest time will be between the hours of 3pm and 6pm, at €4.16/MWh, while the most expensive will be between 9pm and 10pm, at €95.11/MWh.
This could be done here but the democrats want very high prices for energy.
Even the numbers you pulled out don’t explain it though. If the average fell from 103 to 36, that’s not a 54% drop, that’s a 65% reduction. None of the numbers given have a 54/46% relation...
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