⚡️ Electricity prices 🇪🇸 Spain ES ⚡️
The current energy price in Spain is/ MWh. This is 5% more than yesterday.
2023-01-09 - 2023-02-09
Electricity prices in Spain have been subject to changes and fluctuations in recent years. The country's energy market was liberalized in the late 1990s, which opened up the sector to competition and allowed for the introduction of alternative suppliers.
This has led to a dynamic and diverse electricity market with varying prices depending on factors such as location, time of use, and provider.
The Spanish government regulates electricity prices to ensure affordability and stability, while also promoting renewable energy sources such as wind and solar power. They are aiming towards becoming carbon neutral by 2050.
Despite this, electricity prices in Spain remain higher than the average for Europe, though efforts are being made to reduce costs for consumers. If you live in Spain or plan on moving to Spain, we recommend that you compare prices of different electricity companies.
Historical and day ahead electricity prices in Spain
Electricity prices in cities near Spain
- Hospital et de Llobregat
- La Coruña
- Las Palmas de Gran Canaria
- Palma de Mallorca
- San Sebastián
Q&A - Electricity in Spain
How much is 1 kWh in Spain?
The average 1 kWh was EUR 0,065 in Spain. However, this was dramatically increased at the start of February, averaging at 0,127 EUR per kWh in the first 7 days.
How is the price of electricity in Spain determined?
The price of electricity in Spain is determined by the open market and the Spanish energy market regulator, CNMC. It is based on a mix of factors such as fuel costs, demand, and government taxes.
How much is the average electricity bill in Spain?
The average electricity bill in Spain has been stated to be around EUR 139 per month in 2022. However, this will vary based on factors such as usage, location, and tariffs.
Why are Spanish electricity prices so high?
Spanish electricity prices are considered high for a number of reasons, including:
1. Network costs: The cost of maintaining and expanding the electricity network in Spain is high, which contributes to higher electricity prices.
2. Renewable energy investments: Spain has made significant investments in renewable energy sources such as wind and solar, which can be more expensive than traditional sources of electricity.
3. Taxes and levies: Electricity prices in Spain are subject to various taxes and levies, including value-added tax (VAT) and a tax on electricity generation, which can increase the cost of electricity for consumers.
4. Market structure: Spain has a liberalized electricity market, which means that electricity prices are set by the market and can fluctuate based on supply and demand.
5. Overall, a combination of these factors has led to higher electricity prices in Spain.
At what time is electricity cheaper in Spain?
According to ENTSO-E, the electricity prices in Spain is cheapest between midnight and 6 am on weekdays, and also at weekend and holidays.