The average electricity price in the wholesale market stands at €164.98/MWh this Wednesday, with the period from 2 PM to 5 PM being the cheapest of the day. The most expensive period will be from 8 PM to 9 PM, at €0.3533/kWh.
The wholesale electricity price in Spain marks an average of €164.98/MWh this Wednesday, September 30, 2026, the lowest level since 2022, according to data published by Mundo Deportivo. For customers on regulated tariffs or PVPC, the average price of the day translates to €0.2003/kWh.
The cheapest period of the day is concentrated between 2:00 PM and 5:00 PM. Specifically, the time from 2:00 PM to 3:00 PM records the lowest price of the day, at €0.1008/kWh, closely followed by the next two hours: from 3:00 PM to 4:00 PM the cost is €0.1231/kWh and from 4:00 PM to 5:00 PM it rises to €0.1362/kWh.
On the opposite end, the most expensive period of the day is between 8:00 PM and 9:00 PM, at €0.3533/kWh. This is followed by the hours from 7:00 PM to 8:00 PM, at €0.3467/kWh, and from 9:00 PM to 10:00 PM, at €0.332/kWh. The difference between the minimum and maximum price of the day exceeds €0.25/kWh.
The price escalation affecting most of Europe is due to several factors. Among them, the rising cost of gas in international markets, which is used in combined cycle power plants and sets the market price during most hours, and the increase in the value of carbon dioxide (CO2) emission rights, as detailed in the information.
With the gas cap applied in the Iberian market, the daily megawatt-hour price has decreased compared to the historical highs reached during the most turbulent year in the history of the Spanish electricity market. That episode led to an energy policy agreed upon among European partners.
For households and small businesses on the PVPC, shifting more intensive electricity consumption to the period from 2:00 PM to 5:00 PM allows them to take advantage of the lowest prices of the day. Scheduling washing machines, dishwashers, or electric vehicle charging during that interval reduces the cost of the bill compared to peak demand hours.
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