The average price of electricity in the wholesale market will drop 1.58% this Wednesday compared to this Tuesday and will remain above the level of 200 euros megawatt hour (MWh) for the third consecutive day.

Specifically, the price of electricity will stand this Wednesday at 210.45 euros/MWh, about three euros cheaper than the price of this Tuesday (213.82 euros), according to data published by the Iberian Energy Market Operator (OMIE) and collected by Europa Press.

Thus, the maximum price of electricity on the first day of June will be registered between 9:00 p.m. and 10:00 p.m., with 262.6 euros/MWh, while the minimum for the day, of 171.1 euros/MWh, will take place between 4:00 p.m. and 5:00 p.m.

Compared to a year ago, the average price of electricity for this Wednesday will be 143.13% more expensive than the 86.56 euros/MWh of June 1, 2021.

The prices of the 'pool' have a direct impact on the regulated rate -the so-called PVPC-, to which almost 11 million households in the country are covered, and serve as a reference for the other 17 million who have contracted their supply in the free market .

In fact, the National Commission of Markets and Competition (CNMC) has verified that in 2021, in the framework of the upward spiral of energy, around 1.25 million people switched from the PVPC to a rate in the free market at a fixed price.