Electricity Price in Spain Today – Live OMIE Market and Retail Price Index

Your definitive daily dashboard for tracking the Spanish wholesale electricity market (OMIE) and consumer tariff trends.

The average electricity price in Spain today (14 March 2026) is 11.62 c€/kWh before tax, based on the OMIE wholesale market plus regulated grid charges and supplier margins. Spain’s electricity price changes throughout the day depending on demand, renewable energy production, and market conditions.

Live Electricity Price Chart – Spain OMIE Market

Last updated: 14 Mar 2026, 23:18 CET

The Spain electricity price today fluctuates every hour based on the OMIE wholesale market. Below is the live tracking of both the raw wholesale market price and the estimated retail electricity price per kWh, which includes regulated grid charges and supplier margins.

Embed this Live Index on your site— Perfect for expat media, housing blogs, or rental agencies.

PVPC vs Fixed Electricity Tariffs in Spain

Indexed electricity tariffs such as the regulated PVPC tariff follow the OMIE wholesale electricity market directly. Because of this, the electricity price can change hourly or every 15 minutes depending on market conditions. Fixed electricity tariffs lock in a price for a defined contract period and protect consumers from sudden market spikes.

Spain Electricity Price Trends – 12 Month Comparison

Track historical electricity price trends in Spain over the last 12 months. This comparison shows how indexed electricity prices have performed against fixed tariffs, highlighting the typical seasonal rises and falls in the Spanish energy market.

Why Spain Electricity Prices Change Every 15 Minutes

Spain now operates a settlement system where the electricity price is updated every 15 minutes instead of hourly. This means the Spain electricity price can fluctuate more frequently depending on supply, demand, and renewable energy production.

The "Real" Wholesale Price

The "raw" market price shown above is just the beginning. Before hitting your bill, the final Indexed rate has several additions:

Red Eléctrica Tolls: Moving the power.
System Charges: Renewables subsidies and deficits.
Supplier Margin: The provider's profit (usually a monthly fee + slight €/kWh markup).
Taxes: Electricity Tax and IVA.

Important Notice on Tariffs

These daily market fluctuations apply only if you are on an Indexed tariff (such as the PVPC regulated tariff or an indexed free-market tariff). If you are on a Fixed or Flat tariff, these daily and hourly changes do NOT affect your bill—your rate remains what it says on your contract regardless of market spikes or dips.

Understanding Spain’s Electricity Pricing Layers

The final price you see on your bill is more than just the market rate. It is an accumulation of wholesale costs, regulated charges, and supplier fees. The regulated PVPC tariff follows the OMIE wholesale market price directly, meaning the price consumers pay can change every hour or every 15 minutes depending on market conditions. For a full explanation of how electricity prices are calculated in Spain, see our Electricity Prices in Spain guide.

1. Wholesale Electricity Market (OMIE)

This is the raw cost of energy produced at power plants, traded daily on the Iberian market. This value changes every hour (or every 15 minutes in modern metering systems) based on supply and demand.

2. Regulated Electricity Grid Charges in Spain

These are fixed government-regulated charges (peajes y cargos) to maintain the national grid and fund renewables. Under the 2.0TD tariff, these charges vary significantly by time: P1 (Peak), P2 (Mid), and P3 (Off-Peak).

3. Supplier Margin and Retail Electricity Pricing

Electricity providers charge a small commission (typically around 1.2 c€/kWh or a monthly fee) to manage your billing and risk. This is the only part of the energy rate where suppliers compete on price in the Spanish market.

4. Electricity Taxes in Spain

Finally, your bill includes the Electricity Tax (Impuesto Especial sobre la Electricidad) and IVA (VAT). The estimates shown on this page are before tax to provide a clear view of market performance.

Choosing between fixed and indexed rates depends on your risk tolerance and usage flexibility. Indexed rates offer potential savings but expose you to market volatility. See our comparison of PVPC vs Fixed Tariffs for more details.

For a deeper analysis, you can explore our Electricity Price per kWh Guide for households, our business pricing report, or check our Solar Tariffs in Spain guide.

Frequently Asked Questions About Electricity Prices in Spain

What is the electricity price in Spain right now?

The electricity price in Spain changes throughout the day depending on the OMIE wholesale electricity market. The live chart on this page shows the current estimated electricity price including regulated grid charges and supplier margins.

What is the average electricity price in Spain today?

The average electricity price in Spain today is calculated using the OMIE wholesale electricity market plus regulated grid charges and supplier margins. Wholesale electricity typically represents around 60–70% of the final retail electricity price before tax.

What is the electricity price in Spain today per kWh?

The daily electricity price in Spain is based on the OMIE wholesale market. The live price fluctuates every hour depending on supply, demand, and renewable energy production. Our tracker shows both the wholesale rate and an estimated retail cost including grid charges.

What is the OMIE electricity price in Spain?

The OMIE electricity price is the wholesale market price for electricity in Spain and Portugal. It represents the cost per kWh that electricity suppliers pay in the Iberian electricity market before grid charges, supplier margin, and taxes are added.

Are the electricity prices on this page including tax?

No. The wholesale and estimated retail electricity prices shown on this page are displayed before tax. Final consumer electricity bills in Spain also include the Electricity Tax and VAT (IVA).

Why does the electricity price in Spain change every hour?

Electricity prices in Spain change hourly because electricity is traded in a competitive wholesale market (OMIE). Prices typically rise during peak demand periods and fall when renewable energy production is high.

How do 15-minute electricity pricing segments affect my bill?

Spain has transitioned from hourly pricing to 15-minute market settlement segments. Smart electricity meters record energy usage every quarter hour, allowing more precise real-time pricing.

Which is cheaper in Spain: PVPC or a fixed electricity tariff?

PVPC is an indexed electricity tariff that follows the wholesale market. Fixed electricity tariffs lock in a price for a set period. PVPC can be cheaper when market prices are low, while fixed tariffs offer protection during price spikes.

What makes up the electricity price in Spain?

The price consumers pay for electricity in Spain includes: The wholesale market price (OMIE), regulated grid tolls/system charges, supplier margin, and electricity tax/VAT.