The price of electricity is soaring again in Spain
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The price of electricity is soaring again in Spain. On Thursday, the price of electricity is expected to rise 16%.
Spain is expected to be hit by a further increase in electricity prices. The average price of electricity on the wholesale market would increase by more than 16% on Thursday, October 14. The average price would reach 215.63 euros per megawatt hour (MWh), according to data provided by the operator of the electricity market (OMI).
According to data released Wednesday, electricity will cost the most between 9 a.m. and 10 a.m. In this time slot, it will reach 260 euros / MWh. The cheapest price for Thursday will be 175.25 euros / MWh. This will be visible between 4 p.m. and 5 p.m.
Spain given the mind-boggling electricity prices in September. The price of electricity has exceeded 200 euros / MWh several times already in October. The prices expected for Thursday will mean that the bar of 200 euros and more will be crossed for the seventh time in October.
As reported by 20 minutes, the price of electricity “started the month at 216.01 euros / MWh, on the 5th it rose to 203.68 euros / MWh, on the 6th to 228.53 euros / MWh, on the 7th it reached the historic record of 288.53 euros / MWh, on the 8th it fell to 229.2 euros / MWh, on the 9th to 226.21 euros / MWh and tomorrow it will be at 215.63 euros / MWh.
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