The average wholesale electricity price in Spain amounted to 19.57 euros per megawatt-hour in October 2024, a decrease compared to the previous month. The electricity price was lower compared to the same period in the previous year.
Non-household and household electricity prices in Spain
Average annual electricity prices in Spain have not yet fallen back to between 40 and 65 euros per megawatt-hour, the average electricity price before the impact of the energy supply shortage in 2021. Household electricity prices in Spain fell in 2023 to levels between 21 euro cents per kilowatt-hour and 24 euro cents per kilowatt-hour. Similarly, non-household electricity prices have not yet fully recovered to pre-energy supply shortage levels.
Spanish electricity market
The Spanish electricity market consists of two sectors: a regulated sector and a liberalized sector. Both sectors are dominated by two utility companies, Endesa and Iberdrola. The companies possessed a combined market share of nearly 75 percent within the regulated market in the year 2022, whereas their combined share of the liberalized market amounted to 62 percent that same year.
Average monthly electricity wholesale price in Spain from January 2019 to October 2024
(in euros per megawatt-hour)
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Ember. (December 9, 2024). Average monthly electricity wholesale price in Spain from January 2019 to October 2024 (in euros per megawatt-hour) [Graph]. In Statista. Retrieved January 23, 2025, from https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/?__sso_cookie_checker=failed
Ember. "Average monthly electricity wholesale price in Spain from January 2019 to October 2024 (in euros per megawatt-hour)." Chart. December 9, 2024. Statista. Accessed January 23, 2025. https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/?__sso_cookie_checker=failed
Ember. (2024). Average monthly electricity wholesale price in Spain from January 2019 to October 2024 (in euros per megawatt-hour). Statista. Statista Inc.. Accessed: January 23, 2025. https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/?__sso_cookie_checker=failed
Ember. "Average Monthly Electricity Wholesale Price in Spain from January 2019 to October 2024 (in Euros per Megawatt-hour)." Statista, Statista Inc., 9 Dec 2024, https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/?__sso_cookie_checker=failed
Ember, Average monthly electricity wholesale price in Spain from January 2019 to October 2024 (in euros per megawatt-hour) Statista, https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/?__sso_cookie_checker=failed (last visited January 23, 2025)
Average monthly electricity wholesale price in Spain from January 2019 to October 2024 (in euros per megawatt-hour) [Graph], Ember, December 9, 2024. [Online]. Available: https://www.statista.com/statistics/1267552/spain-monthly-wholesale-electricity-price/?__sso_cookie_checker=failed
