Monthly wholesale electricity prices in Spain 2019-2024
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.
