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Wednesday, 13 October 2021

Spain: Electricity price rises by 5%


The average daily price of energy in the spanish wholesale market rises 5% from Monday, October 11 to 184.48 euros per megawatt hour (MWh), resuming its upward trend after many days of declines.

The week began with the second most costly Monday in history, according to data from the Iberian Electricity Market Operator (OMIE), after the cost leveled out over the weekend. 

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Last week, a new high was hit when the price per MWh reached 288.53 euros on Thursday. It's worth mentioning that, because demand for power is lower on Saturdays and Sundays, rates tend to fall.


Despite the increase, the price on Monday is still significantly lower than a week earlier, when the market price was 186.46 euros per megawatt hour. Enjoyed this post? Never miss out on future posts by following us.


Electricity in Spain, on the other hand, is still six times more expensive than it was a year ago.


Today, between the hours of 8 p.m. and 9 p.m., consumers will pay the most, with each megawatt hour costing 241.27 euros. The cheapest time of day is between 2 and 3 a.m., which costs 125.01 euros.




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