The price of electricity in June increased by 84.5%, and VAT decreased to 10%.

The average price of electricity on the wholesale market in June exceeded 56 euros per megawatt hour, This is the second-highest month of 2024, representing an 84.5% increase on May and will see VAT on electricity fall again to 10% from 21% in July.

In accordance with the provisions of the standard approved by the Spanish government to address the problem of increasing raw material costs, VAT charged on future invoices will be reduced by more than half as a result of the normalization of prices on the market and in the near future, above the barrier of 45 euros in June.

The price of a megawatt-hour closes in June at 56.08 euros, according to calculations, which means four times higher than the average of 13.67 euros in April.the cheapest month of 2024 and of the entire historical series since 1998. In May, the average price set a record 30.39 euros/megawatt-hour.

Futures are rising and are trading at €76.9/MWh for July and €82 for Q4, although data suggests they will fall to €69 by 2025.

To cope with this growth, 24.7% of households According to data from the National Commission on Markets and Competition (CNMC) Households Commission on Electricity and Natural Gas Services, electricity supply has changed over the past two years, while in the case of gas, the figure was 26.4%.

The general market consensus is that the average price of electricity will continue to rise in the coming months.

Futures are rising and are trading at 75.9 euros per megawatt-hour for July and 78.4 euros for the third quarter, although they will fall by 2025 to 67.7 euros.follows from the information provided by the OMIP operator.