Portugal once again has the most expensive electricity in the EU. It’s the 12th day above 200 euros / MWh – Energy
The new week kicks off with wholesale electricity prices in Portugal – and Spain – again being the highest in the entire European Union (EU). The average price for this Monday on MIBEL, the Iberian market, is 225.36 euros per MegaWatt hour (MWh).
Compared to prices observed a week earlier, the values drop by 2.09 euros, but unlike what happens in other markets, prices slowed down little over the weekend, when values in the Iberian Peninsula were also the highest of the 27.
As a matter of fact, since October 13, the average daily price in Portugal has not dropped from the threshold of 200 euros / MWh, helping the country to be the second with the most expensive electricity in the first 25 days of October. The average value in this period amounts to 207.04 euros, only surpassed by 218.67 euros in Italy. Most. In the year as a whole, Portugal has the third highest average price in the EU, with a value of 89.38 euros, behind Greece (91.18 euros) and Italy (97.36 euros).
The situation will be addressed again at European level this Monday, with a meeting of ministers responsible for Energy.
The price record in Portugal was reached on October 7, when the average price reached 288.53 euros / MWh.