Electricity prices in Spain today
The wholesale day-ahead price in Spain is €227.75 per MWh right now, or €0.2278 per kWh. Today's average is €232.58/MWh, −€13.05 against yesterday, and €1.54 below the European average of €234.12/MWh.
- Average today
- €232.58
- /MWh
- Lowest
- €170.00
- /MWh at 13:00
- Highest
- €300.00
- /MWh at 21:00
- In €/kWh
- €0.2326
- /kWh wholesale only
Price for each interval, 7 November 2026
96 of 96 intervals published at 15-minute resolution.
Cheapest electricity hours today
The three cheapest intervals in Spain today average €170.47/MWh, €62.11 below the day's average of €232.58. The lowest of them is €170.00/MWh at 13:00. Over the last seven days the cheapest hour in Spain has typically been around 12:00. Solar is what puts it there, so it moves with the season rather than with the day.
- 13:00 – 13:15€170.00/MWh
- 14:00 – 14:15€170.60/MWh
- 14:15 – 14:30€170.80/MWh
When is electricity most expensive?
The three most expensive intervals average €294.78/MWh, €62.20 above the day's average. The highest is €300.00/MWh at 21:00. The peak has typically been around 18:00 over the last seven days. It is the hour solar output has fallen but demand has not, which is when gas sets the price.
- 21:00 – 21:15€300.00/MWh
- 17:45 – 18:00€292.83/MWh
- 21:15 – 21:30€291.50/MWh
How Spain compares with the rest of Europe
Spain is averaging €232.58/MWh today against a European average of €234.12/MWh — €1.54 cheaper. The cheapest zone in Europe today is north-central Sweden (SE2) at €3.54/MWh, and the most expensive Ireland and Northern Ireland at €453.89. Both are the same market, priced differently because the lines between them are full.
More for Spain
OMIE prices
The day-ahead price for Spain is set in the daily auction run by OMIE, not here. We read the result from the ENTSO-E Transparency Platform, so the figure on this page is the one that auction cleared.
About this market
Spain and Portugal form the MIBEL market and clear at the same price most of the time. Weak interconnection with France, around 3 percent of peak demand, frequently decouples the Iberian peninsula from the rest of Europe, so Spanish prices can sit far below or far above the continental level.
Method and source
- Source: ENTSO-E Transparency Platform.
- Market: day-ahead auction. Zone: ES. Timezone: Europe/Madrid.
- The daily average is the arithmetic mean of every published interval of the local day, not weighted by volume.
- This is a wholesale price. Network charges, levies, taxes and supplier margin are not included, and a household tariff is typically several times higher.