Electricity prices will hit a new annual high this Friday

This month they paid an average of 100 euros/MWh for electricity.

November is characterized less presence of wind generation compared to the same month in other years. Moreover, during this week unscheduled reactor shutdown at the Asco II plant due to a problem with the generator, which also affected power production.

So far this month The average price on the electricity market is 100 euros/MWh.compared to 68.5 €/MWh observed in October last year.

It is worth remembering that the “pool” doesn’t quite reflect the final amount in the price of electricity for the consumer who is subject to the regulated tariff. In 2024, a new method for calculating PVPC was adopted, which includes a medium- and long-term price basket for avoid strong vibrations

without losing short-term price targets that promote savings and efficient consumption.

Thus, the share of the link to the “pool” price will gradually decrease to include links to futures marketsso they will be 25% in 2024, 40% in 2025 and 55% in 2026.