The average electricity price in the Spanish wholesale market today is €107.15/MWh. The cheapest time of the day is between 1 PM and 2 PM.
According to Mundo Deportivo, the average price of megawatt hour in Spain for this Saturday, 17 October 2026 is €107.15/MWh. This figure corresponds to the wholesale market, the reference applied to customers with regulated rates or PVPC.
The cheapest period of the day is between 1 PM and 2 PM, with a price of €0.01781/kWh. The central hours, from 12 PM to 3 PM, are the most economical overall. Conversely, the most expensive hour is from 12 AM to 1 AM, at €0.24676/kWh.
The price rises significantly after 5 PM. Between 7 PM and 10 PM, it remains close to €0.19 and €0.20/kWh, and does not clearly drop until the following dawn.
The price increase across much of Europe is attributed, according to the information, to two factors: the rising cost of gas in international markets, which is used in combined cycle plants and sets the price for most hours, and the increase in the value of CO2 emission rights.

