Electricity prices in Spain bottomed below EUR 200 per megawatt hour, down more than 60% from the record-high of EUR 545 reached in March due to LNG oversupply and lower demand. Dozens of ships with LNG are anchored off the coasts of Spain, unable to secure slots to unload because of a lack of regasification capacity as Spanish terminals need more pipelines to ship the gas held in storage to other parts of Europe. As a result, natural gas prices for gas-fired power plants fell for the first time below the cap of EUR 40 set in May, with the Spanish national grid operator saying it might reject LNG shipments. With electricity costs intrinsically linked to natural gas prices, Spain and Portugal have been benefiting from an agreement earlier this year to separate the price paid for natural gas used in the energy mix from that paid for the less costly sources like solar, nuclear, or hydroelectric power.

Electricity Price in Spain averaged 51.00 EUR/MWh from 1998 until 2022, reaching an all time high of 544.98 EUR/MWh in March of 2022 and a record low of 0.79 EUR/MWh in March of 2013. This page includes a chart with historical data for Spain Electricity Price. Spain Electricity Price - data, forecasts, historical chart - was last updated on December of 2022.

Electricity Price in Spain is expected to be 106.49 EUR/MWh by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Electricity Price is projected to trend around 25.81 EUR/MWh in 2023 and 14.64 EUR/MWh in 2024, according to our econometric models.

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Spain Electricity Price

Price Day Month Year
UK Electricity 542.20 -5.54 -1.01% 65.68% 78.37%
Germany Electricity 281.92 -57.28 -16.89% 57.90% 43.65%
France Electricity 452.71 7.46 1.68% -6.66% 150.50%
Spain Electricity 127.62 -22.45 -14.96% 4.70% -43.57%
Italy Electricity 385.22 -3.42 -0.88% 189.81% 32.56%

Spain Electricity Price
Electricity prices displayed in Trading Economics are current spot benchmarks offered by sellers to buyers priced in megawatts per hour (MWh) in the local currency. Our electricity prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
141.39 137.74 544.98 0.79 1998 - 2022 EUR/MWh Daily