Electricity Price Today
Hour by Hour
on the regulated market
Source: Red Eléctrica de España. Average daily price: arithmetic mean of the day's prices by rate type. Price per kilowatt hour.
Average Daily Price
0.32605€
Lowest Price
14h - 15h
0.26305€ / kWh
Highest Price
20h - 21h
0.26305€ / kWh
How electricity rate prices have evolved
The price of a kWh of electricity changes constantly in Spain. In 2020 prices were particularly low, averaging €0.1215/kWh. However, in 2021 and 2022 a series of factors such as the rising cost of gas and the crisis in Ukraine caused prices to soar, reaching record levels.
In 2023, prices on the regulated market fell significantly thanks to measures such as the gas cap, increased renewable energy production and favourable weather conditions. This change had a positive impact on companies and consumers alike.
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Compare Energy Rates
Do you feel your electricity bills are too high? Or maybe you just want to find a way to pay less? Compare more than 30 different rates on Tarífalo. Explore how you can get more out of your money with our electricity comparison!How does the electricity price really affect your bill?
The price per kWh in Spain is set on the daily electricity market, also known as the electricity pool, and represents about 75% of your electricity bill. This component, called the variable charge, depends on your usage. The remaining 25%, the fixed charge, doesn't change and covers items such as power and taxes.
Consumers on the regulated market, such as the Voluntary Price for Small Consumers (PVPC rate), are more affected by price changes.
Frequently asked questions
What are the cheapest hours of the day?
Demand for electricity tends to fall at night and on non-working days. This period is known as “Off-Peak”. On weekdays it covers 00:00 to 08:00, and it extends to all 24 hours on Saturdays, Sundays and public holidays.
Taking advantage of when energy is cheapest not only allows supply and demand to be distributed more efficiently but also gives you the chance to cut your electricity costs. By staying informed and adapting your usage habits, you can optimise your electricity bill.
What are the most expensive hours of the day?
“Peak” refers to two periods of the day when the electricity price is highest. They occur Monday to Friday, in the morning between 10:00 and 14:00 and in the evening between 18:00 and 22:00.
These hours coincide with the highest level of work activity, which increases energy demand and therefore the cost of electricity. It's a good idea to bear these times in mind when planning your energy use to optimise your electricity bills.
What are the moderately priced hours of the day?
“Mid-Peak”, which represents the intermediate price on the electricity market, is set in three bands on working days from Monday to Friday: from 08:00 to 10:00 in the morning, from 14:00 to 18:00 at midday and from 22:00 to 00:00 at night.
Throughout the week, these hours are ideal for high-energy activities such as using the washing machine or oven. The advantage is that by using your appliances during these periods, you'll pay less for the same amount of energy than at peak times.
What will the electricity price be tomorrow?
Electricity price with the gas cap
The gas cap is a temporary measure introduced to control and regulate electricity prices in Spain and Portugal. Its main purpose is to set a maximum price for the natural gas used in combined-cycle power plants to produce electricity.
Note that the gas cap doesn't mean a reduction or discount in prices; it sets a maximum limit that cannot be exceeded. This means the price of gas used to generate electricity cannot exceed €40/MWh, with a maximum of €65 per megawatt hour on the free market.
