Overview

• Today’s average wholesale price on Spain’s electricity market dropped to €55.45/MWh, marking a further decline from €62.03/MWh on Saturday.
• Negative tariffs between –€0.6 and –€1/MWh from 12:00 to 17:00 incentivize high-consumption usage, while evening peaks climbed above €130/MWh.
• Red Eléctrica’s reinforced backup capacity measures following April’s blackout drove July system operation costs up 97%, offsetting wholesale savings for households.
• Spain’s regulated PVPC tariff blends hourly pool prices with 40% weighted futures and fixed network and system charges, cushioning households from price swings but passing on elevated backup costs.
• Robust renewable generation—6,190 GWh of photovoltaic output in July and a 35% month-on-month wind increase—helped suppress pool prices even as an August heatwave boosts demand and grid stress.