Wholesale Price of Iberian Electricity Is the Third Most Expensive Ever in the Autumn.
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5 Articles
The conflict in the Middle East, coupled with rising electricity demand and a lower renewable contribution than in previous years, has triggered a perfect storm in the energy market
The price of electricity in the Iberian wholesale market is recording, this autumn, one of the most expensive periods of its history, according to calculations by the EFE agency, at a time of greater use of gas plants.
European gas above €70/MWh, tensions in the Strait of Ormuz and the fall of the renewables push electricity for maximums that remember the post-pandemic crisis.
Electricity prices in the Iberian market reached EUR 147.6/MWh in autumn, the third most expensive in history, according to EFE data.
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