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Power exchange: the price of energy collapses, but the consumer pays 372% more

The price of electricity fell by 4,5% in the week ending 22 May, settling at 33,67 euro/MWh - According to the Authority's tariff update, consumers pay 159,1 euro/MWh in band 1 , and 152,4 euros in consumption bands 2 and 3, for an increase of 372% and 352% respectively. The wholesale price has halved compared to pre-crisis levels

With the arrival of the heat, the average purchase price of energy at the Power bag. This was announced by the manager of the energy markets in a note: in the week ending 22 May alone, the price of electricity fell by 22% in the week ending 4,5 May 33,67 euros/MWh.

A drop that occurred despite the slight increase in the volumes of electricity traded on the exchange, equal to 3,8 million MWh (+0,2%), and despite the market liquidity having grown by 1,2%. settling at 72,5%. The average selling price varied between 30,32 euro/MWh in the North and 39,11 euro/MWh in Sicily. The decrease is affected by the increase, due to seasonality, in photovoltaic production, which arrives on the electricity exchange at no cost.

But how is the drop in the price paid to producers reflected in the final price paid by consumers? According to the tariff update published by the Electricity Authority on 31 March, the customer of the electricity service (characterized by a committed power of 3 kW, registered residence and consumption equal to 2.700 kWh/year) pays 5 % less than the previous quarter, including taxes. It's already something.

A decline which, however, does not serve to compensate for the differences between the prices in the bill and those paid to the producer. The authority's calculations give rise to a two-hour price of €159,1 MWh, including taxes, in category 1 of consumption (that is, from Monday to Friday from 8.00 to 19.00, excluding national holidays) for an increase, compared to the price paid to producers, of 372%. The situation does not change much if we take consumption faces 2 and 3: in this case the price is 152,4 € MWh and the increase of 352%. Who gets the difference? In part to the tax authorities and in part to repay the general system charges (which include incentives for renewables and the infinite costs of dismantling decommissioned nuclear plants). But these account for just over 50% of the bill. Even doubling, therefore, the cost of the megawatt-hour would reach a maximum of 70 euros against 159. An enormous difference which the Energy Authority should in some way make an effort to remedy.

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