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Spanish Electricity Prices Rise 4.8% After Month of Declines

Wholesale electricity prices averaged 45.66 €/MWh on April 25, 2025, with free and negative-price hours offering limited relief to consumers due to fixed costs in regulated tariffs.

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Overview

  • Wholesale electricity prices on April 25 peaked at 113.39 €/MWh during the 07:00–08:00 hour, while free or negative pricing occurred between 11:00 and 19:00.
  • The PVPC regulated tariff now incorporates 40% of its calculation from futures markets, up from 25% in 2024, to mitigate price volatility.
  • April 2025's average wholesale electricity price of 24.9 €/MWh is significantly higher than the 5.87 €/MWh recorded in April 2024.
  • Despite negative-price hours, final consumer bills remain impacted by fixed network tolls, charges, and system adjustments.
  • Only 30% of consumers adjust their electricity usage to cheaper hours, missing potential annual savings of €96.