The price of electricity drops by 55%, to 31.11 euros

The average price of electricity in the wholesale market fell 54.

Oliver Thansan
Oliver Thansan
30 March 2023 Thursday 00:31
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The price of electricity drops by 55%, to 31.11 euros

The average price of electricity in the wholesale market fell 54.9% this Thursday, standing at 31.11 euros per megawatt hour (MWh) compared to 68.91 euros yesterday. With this, electricity once again costs less than 100 euros per MWh for the second consecutive day.

According to the latest data from the Iberian Electricity Market Operator (OMIE) collected by Servimedia, today the gas cap is not applied for the thirty-second consecutive day as its price falls below the cap set by the Iberian exception, which in March is of 55 euro.

The 31.11 euros per MWh represent a drop of 62.9% compared to the 83.84 euros of Thursday of last week and a drop of 76.6% over the 132.68 euros of a month ago.

In addition, in a year-on-year comparison, this Thursday there was a reduction of 87.8% since on March 30 of last year the price was 255.81 euros per MWh.