Wholesale Price of Iberian Electricity Is the Third Most Expensive Ever in the Autumn.

La Razón

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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

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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.

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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.

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Electricity prices in the Iberian market reached EUR 147.6/MWh in autumn, the third most expensive in history, according to EFE data.