Electricity in Spain will rise by 11.69% this Sunday compared to Saturday

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Electricity in Spain will rise by 11.69% this Sunday compared to Saturday
Electricity in Spain will rise by 11.69% this Sunday compared to Saturday. Photo credit: Pixabay

Compared to today, New Year’s Day, Sundays electricity will increase by 11.69%

According to data published by the Iberian Energy Market Operator (OMIE), the average price of electricity in the wholesale market – or ‘pool’ – will rise again in Spain this Sunday, January 2. Compared to today’s cost, the cost of energy will go up by 11.69 per cent, reaching an average of €136.97/MWh.

By time slots, the minimum price tomorrow, Sunday 2, will be €103.70/MWh, between the hours of 12 midday and 1pm. A maximum of €209.10/MWh will be achieved between 10pm and 11pm.

These rises in the electricity market are being blamed on high gas prices, and carbon dioxide (CO2) emission rights, both of which have hit record highs this year.

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December finished up being the most expensive month for electricity in history. The average cost for the month finished up at €239.10, which is €39 more than last October, the month with the highest average to date, when the price averaged €200/MWh, as reported by diariosur.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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