Currently, we are facing a situation of minimum electricity prices in OMIE, due to the low consumption of electricity in Spain by the state of alarm caused by the Coronavirus.
After the publication of the state of alarm by the Government that forced the confinement of the majority of the population, the demand for electricity has been drastically reduced. Most of the offices and factories, which are the big consumers of electricity in Spain, have been forced to close temporarily.
At the same time, gas and Brent prices have also fallen on the market, the indices of which have a direct impact on the value of electricity. As a result, published electricity supply prices have fallen considerably. This, together with the fact that we are in Q2, the best period historically considered for negotiation, means that we are at the best time for companies to renegotiate their energy contracts.
The OMIE has average price values today of 23.73 euros/MWh, the forecast for May is very similar, specifically 23.61 euros/MWh. This data contrasts with the OMIP value published in January 2020 for the current period of 40.65 euros/MWh, which is a drop of 40%.
As we can see, the value of the OMIE is reaching minimum values and the OMIP has very low prices. So this is the best time to negotiate in fixed price conditions.
The cost optimisation measures that affect companies and self-employed workers that do not require investment and which are published in the BOE on 1 April last are as follows:
While the Alarm State lasts, power reductions for both companies and self-employed workers are not charged and can be carried out several times a year at no cost. However, under normal conditions, the contracted power can only be modified once a year and it always has a cost. In 5 days they are obliged to increase the power, this is done through telematic meters. There is no need to be present, so there is no risk of delay in the return of the company’s activity.
Additionally, some sales companies are taking other measures such as pausing the billing and the invoices generated during the alarm state would be fractioned to the following 6 months.
Successful completion of one of our projects in Guatemala Laura Núñez Muñoz More than 20 years of general experience and, for the last 15 years,
PERTE for industrial decarbonisation approved PERTE for industrial decarbonisation approved The PERTE is approved with the aim of accompanying industry in its decarbonisation process to
Keys to efficient driving Enrique Roca Industrial Technical Engineer with specialization in Mechanics. He is currently Technical Manager in the Energy Efficiency and Sustainability unit
