The average price of light will rise slightly this Friday and will stand at 215.86 euros MWh compared to 212,98 euros this Thursday, according to the Operator of the Iberian Electricity Market (OMIE). Thus, for the second day in a row this year it is above 200 euros following the average price of light during these Christmas holidays was generally closer to 100 euros. The most expensive strip was between seven and eight in the evening, with 260 euros MWh, while the cheapest strip will be between five in the morning and six in the morning, with 162.8 euros MWh. Compared to the prices of a year ago, 215.86 euros MWh are 142% higher than the 88.93 euros MWh of January 7, 2021.
The escalation in electricity prices is explained by the rise in the price of gas and oil, CO2 emission rights and the problems of launching the Nord Stream 2 gas pipeline, which have led to the values that are pays for electricity in the wholesale market at values never seen before. The highest peak recorded in the price of light was on December 23, when it reached 383.67 euros.
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