4 ms·
AFAIK Spain prices are not "real" in the sense that gas prices have been "capped" and electricity users have to pay generation companies that use gas a variable
by Cantinflas 4y ago
AFAIK Spain prices are not "real" in the sense that gas prices have been "capped" and electricity users have to pay generation companies that use gas a variable fee to compensate that cap.
Real end-user price is likely double
- dkjaudyeqooe 4y agoIn Croatian electricity prices have only gone up 15% this year because of government intervention. The actual costs are something like 10x.
- samuel 4y agoTHIS. The compensation adds 243.57eur/MWh to the final price for Spain. https://www.omie.es/es/market-results/daily/average-final-prices/hourly-price-consumers?scope=daily&date=2022-08-28 https://www.omie.es/es/market-results/daily/average-final-pr...
- seydor 4y agobut note that 380 EUR is still much much cheaper than other countries
- locallost 4y agoWhat I understood is that Spain capped gas prices, thus reducing electricity prices. But yes, it's not real.
- sofixa 4y agoSame in France, electricity prices are capped so hard EDF had to be renationalised due to their massive losses to maintain the cap.
- seydor 4y agoThis is what every country should do. Basically putin is extorting europe through its marginal pricing. BTW spain's prices are more "real" in the sense that they better reflect the cost of generation. It's the EU market's prices that are fake.