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Spain Day-Ahead Power Price Falls to €66.78/MWh as 2026 Tariff Rules Take Effect

The PVPC overhaul shifts pricing toward futures, with the government projecting smaller bills this year.

Overview

  • OMIE set Sunday, January 4, at €66.78/MWh, with the cheapest hour 05:00–06:00 at €50.43/MWh and the priciest 21:00–22:00 at €97.68/MWh.
  • From 2026 the regulated PVPC tariff gives 55% weight to futures prices, reducing exposure to hourly pool volatility.
  • Regulatory updates for 2026 raise fixed system charges by a little over 10% and lift average peajes by 0.5%, with domestic 2.0 TD down 1.3% and industrial 6.3 TD down 4.1%.
  • Spain’s energy ministry estimates final consumer electricity bills will decline between 4% and 10% in 2026 under the new framework.
  • Consumers are being steered to savings tools such as the CNMC bill QR analyzer, while Argentina faces higher bills after subsidy cuts, with UNSAM research citing refrigerators at about 21% of household use.