This Sunday 21 will see electricity rise to €230/MWh

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This Sunday 21 will see electricity rise to €230/MWh
This Sunday 21 will see electricity rise to €230/MWh. image: pexels

This Sunday 21 will see electricity rise to €230/MWh

This Sunday, November 21, the average price of electricity in the wholesale market (pool) in Spain is expected to rise another 5.11 per cent compared to Saturday 20, and stand at €229.62/MWh. This is according to data from the Iberian Electricity Market Operator (OMIE), as collected by Europa Press.

Due to the lower demand on weekends, the price had dropped slightly on Saturday, by 4.54 per cent from Friday 19. The maximum price of electricity for this Sunday will be between 00:00 and 1am, hitting €269.66/MWh, while the minimum price will be registered between 3pm and 4pm, at €207.79/MWh.

The prices of the ‘pool’ have a direct effect on the regulated tariff – the so-called PVPC – which affects almost 11 million consumers in the country. This figure serves as a reference for the other 17 million who have contracted their supply in the free market.

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High gas prices are one factor pushing the cost of electricity up

This increase in price in the electricity market during recent months is mainly explained by high gas prices in the markets, and carbon dioxide (CO2) emission rights, which are reaching record highs this year.

After November beginning with prices down with respect to October, the price of electricity in the wholesale market has tightened again this week. The explanation given for this is the increase in the price of natural gas, mainly due to Germany‘s decision to leave the certification of the ‘Nord Stream 2‘ gas pipeline on hold.

This is the pipeline through which it is intended to carry gas from Russia to other parts of Europe through the Baltic Sea, as reported by 101tv.es.


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Chris was born in a small village in Wales, where he ran his own successful construction company for many years, before deciding in 1990, to swap the grey skies and rain for the sunshine and lifestyle of the Costa del Sol. Late last year he made the move to Southern Portugal, and is now residing on the Algarve. Having sung and played in a rock band back in Wales, he still likes to go out and entertain in his spare time, singing in restaurants and golf clubs. Interests are of course music, especially from the 60s and 70s, movies, nice restaurants, and he has a passion for graphic design and online marketing.

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