As we already know, electricity in Spain only goes up every year. Spain together with Portugal are the countries that have the most expensive electricity in all of Europe. There are many reasons why electricity is becoming more and more expensive. Among these reasons we find the scarcity of rain throughout the year, the little wind energy that is generated and the scarce photovoltaic energy. All these reasons mean that thermal power plants have to work to the maximum, and with it, increase the price of electricity.
Do you want to know how Spain beats the record for the country with the most expensive electricity in Europe?
Electricity prices
During this month of June, the price of electricity in Spain it has marked 50,25 euros per MWh, while Portugal has made it a penny more expensive. The difference of these prices with the rest of the markets is impressive. For example, electricity in France it is 32,7 euros per MWh and in Germany 30 euros per MWh. With this price difference, Spain and Portugal reach the top of the most expensive electricity prices.
Another reason why the price of electricity has increased in this month of June has been the strong heat wave. As demand increases, prices increase. The most expensive day of the whole month where electricity had its highest price It was on the 21st when 56,87 euros MWh were reached. The cheapest was on day 4 when 42,87 euros MWh were reached.
And it is that combined cycles have skyrocketed this month. The production of gas plants has been a record. And with that, of course prices go up. Fortunately, there have been no tensions with natural gas prices, despite the conflict with Qatar, a historic supplier to Spain, but which in recent months has stopped doing so so frequently due to its high prices.