He claimed that the “pillars” of companies today are “people, innovation and investment” and that “an environment where talent can be developed” is required. Regarding the figure of Garamendi, Isla stressed that “is an advocate at all costs of social dialogue” and a “great popularizer” of the work of companies and moved his support in the “important task” to chair CEOE. The prices of electricity in the wholesale market have registered a notable decrease this month. The average price of February was 54 euros per megawatt hour (Month Calendar 2019), which represents a drop of 12.9% compared to January (61.99 euros). However, it hardly varies (-1.4%) with respect to February of last year (54.78 euros). This fall puts the average price of electricity at the lowest level in nine months (April 2018), according to data from Omie, the wholesale market operator. The fall in the price of electricity in the wholesale market is due to the reduction of the matching prices of the combined gas cycles by more than 11%. In this strong correction have been several factors: the decline in the price of European gas spot markets, the suspension of the generation tax of 7% and lower demand (-5.1%), together with the growth of imports of cheaper electricity, coming from France, ASE explains.
Month Calendar 2019
The contribution of coal and gas (thermal gap) to the energy mix in February was 24.3%, somewhat lower than in January (26.9%) and to which it was recorded. or in February of last year (26.5%). The weather conditions are behind this behavior, as well as the reduction of wind production, which fell by 22.3% due to the prevailing anticyclonic situation in recent weeks on the peninsula.
The Month Calendar 2019 group adds that this situation has pushed down the offer price of all technologies in the daily market. Specifically, the matching prices for renewable energies stood at 47.85 euros per MWh, with a very notable decrease of 16%. The decrease in the price of electricity by almost 13% compared to January has had a minor impact on the electricity bill, since the heavy tax burden it supports, as well as the regulated costs, account for approximately 60% of the final amount . Thus, the receipt has dropped by an average of 8% in February, according to Selectra.