The price of electricity continues to rise despite the mechanism implemented by the Government that limits the cost of gas used to generate electricity. Tomorrow it reaches 266.38 euros per megawatt hour (MW), 3% more than today (259.01).

The average price on Friday results from adding the 177.90 euros per MWh of the auction in the wholesale market and the 88.48 euros of compensation (adjustment) for the difference in the price of gas (105.50 euros per MWh today) and the limit of 40 euros per MWh established by the Executive.

A year ago, the average price of electricity was 93 euros per MWh.

The main reason for the increase in the price of electricity is the sharp rise in natural gas.

Today, specifically, it is 24.45% more expensive than on Tuesday, the day before the new mechanism came into force.

The Ministry for the Ecological Transition emphasizes that if the aforementioned mechanism that caps the cost of gas was not used, the price of electricity would be tomorrow “in the order of 300 euros per MWh. With a situation as adverse as the current one, the mechanism is proving its usefulness in extreme situations”. That is, 12.6% less than the aforementioned 266.38 euros.