Electricity price in Spain day by day

The price of electricity in Spain is influenced by many factors and can vary greatly from day to day and hour to hour.

The Spanish electricity system is part of a liberalized market where prices are set based on supply and demand. A large proportion of households have variable electricity contracts, which means the price of electricity follows market prices in real time.

This means that the price of electricity can be very low at certain times of the day, when there is a surplus of renewable energy such as solar or wind power, but also very high at times of high demand or shortage of production.

In recent years, electricity prices in Spain have increased, especially during the energy crisis in Europe, where high gas prices and geopolitical uncertainty have had a major impact.

At the same time, Spain has invested heavily in renewable energy, which could eventually contribute to more stable and lower prices.

As a result, many consumers have started to adjust their electricity consumption to the cheapest hours of the day, made possible by digital electricity meters and access to real-time data on electricity prices.

Here you can follow the electricity price in Spain day by day, hour by hour (click on the date you want to check)

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On January 1, 2025, the VAT was reintroduced (IVA) of 21 % for electricity. It has been reduced to 10 % in recent years. This means an increase in electricity bills of about €5.42 per month, equivalent to about €65 per year for households on average.
For households with an annual consumption of 3,500 kWh and an installed capacity of 4.6 kW, the Organization for Consumers and Users estimates (OCU) that the electricity bill will increase by between €106 and €118 per year, depending on whether they have a contract on the free market or the regulated PVPC tariff.
PVPC stands for (Precio Voluntario para el Pequeño Consumidor), which is Spain's regulated electricity tariff for households and small customers. It is a government-controlled price structure that can be chosen as an alternative to the free electricity market. It is a regulated electricity price set by the Spanish government and not by private electricity companies. The price varies every hour and follows the OMIE (Operador del Mercado Ibérico de Energía), you must also be affiliated with the state-authorized companies (Comercializadoras). The largest are Endesa, Iberdrola, Naturgy and Repsol.