Once again, the price of electricity is back in the news: we have already reached the 5th consecutive record so far this year. According to data from the Iberian Electricity Market Operator (OMIE), on Monday, December 20 , the price is 339.84 euros per megawatt hour (MWh), that is, 7 times more than in 2020 :
The time between 8:00 p.m. and 9:00 p.m. was the most expensive, with an average of 375 euros/MWh.
Between 4:00 and 5:00 in the morning the minimum was 267.99 euros/MWh.
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From July to December, the evolution of electricity prices has been one of the issues that has most concerned citizens.
In the last month of the year, the average cfo email list price of electricity was 244.7 euros/MWh , which is 45 euros higher than the value in October (200.06 euros/MWh).
On Wednesday, December 15, the megawatt hour cost 291.73 euros, thus surpassing the highest figure of 288.53 euros on October 7.
If these values are maintained, the year will close with an average price above 110 euros/MWh, more than three times higher than in 2020.
However, even if volatility and increases continue, Naturgy customers do not have to worry. As we told you a few days ago in this blog, we wanted to be part of the solution and make things easier. That is why we will set a price per megawatt/hour for 3 years, equal to that before the increase in electricity prices. A measure to benefit all Naturgy residential customers .
Even so, there are still people who want to know why the price of electricity is rising and what relationship it has with the price of gas . Whether you are a Naturgy customer or not, stay with us and we will explain all the details.
How does the increase in the price of electricity affect us?
In a standard bill, the price of electricity accounts for 24%. The most influential percentage is that of regulated costs (tolls and charges), which reflect the cost of the transport and distribution networks and other costs that are attributed to electricity consumption, such as subsidies for renewable energy (which account for 55% of the bill price). The rest are taxes .
The price increase is counted within this 24% and only for the part of the population covered by the regulated tariff (PVPC) , some 10 million users.
Those who are integrated into the free market are not affected by having a price agreed with their company.