He electrical wholesale market the so-called ‘pool’, opens April this Monday with ten hours at zero euros per megawatt hour (MWh) and three hours at -0.01 euros/MWh, with an average price of 2.76 euros/MWh during the day, according to provisional data from the Iberian Energy Market Operator (OMIE).
Specifically, the three hours at a negative price will be between 3:00 p.m. and 6:00 p.m., something unusual and which implies that in this section the consumers who generate energy must pay for the electricity they pour into the network.
From midnight until 8:00 p.m., the price of electricity will be zero euros or practically zero during all hours to rise from 9:00 p.m. to 10:00 p.m., a range in which it will cost 21.43 euros/MWh, the maximum for this Monday.
The month of April thus begins, continuing the trend registered in March, in which the average price was 20 euros per megawatt hour (MWh), half that of the average price recorded in February and 77.5% less than in March 2023, when it stood at 89.6 euros/MWh.
Furthermore, last month a minimum price of 0.54 euros/MWh was set on March 10, due to the high participation of renewable energies due to the storms that have crossed the country.
In fact, in 16 of the 31 days of March The average of the ‘pool’ was below the level of 10 euros/MWh, and in many hours the price was zero euros/MWh, although this price is not transferred to the receipt exactly, since there are fixed costs for the electric consumer for tolls, charges and system adjustments.