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

The common value of electrical energy within the wholesale market fell 54.

The common value of electrical energy within the wholesale market fell 54.9% this Thursday, standing at 31.11euros per megawatt hour (MWh) in comparison with 68.91 euros yesterday. With this, electrical energy as soon as once more prices lower than 100 euros per MWh for the second consecutive day.

In accordance with the most recent knowledge from the Iberian Electrical energy Market Operator (OMIE) collected by Servimedia, at present the fuel cap shouldn't be utilized for the thirty-second consecutive day as its value falls under the cap set by the Iberian exception, which in March is of 55 euro.

The 31.11 euros per MWh symbolize a drop of 62.9% in comparison with the 83.84 euros of Thursday of final week and a drop of 76.6% over the 132.68 euros of a month in the past.

As well as, in a year-on-year comparability, this Thursday there was a discount of 87.8% since on March 30 of final 12 months the value was 255.81 euros per MWh.