Spain wholesale electricity prices fell 9.73 percent on Wednesday, October 7, settling at an average of 182.33 euros per megawatt-hour. Data published by the Iberian Energy Market Operator (OMIE) serves as a key reference for consumers seeking to plan household appliance use and adjust daily energy habits.
Despite the daily drop compared with Tuesday, October 6, wholesale figures do not reflect the final price paid on consumer bills. Final household invoices also incorporate access tolls, system charges, and taxes.
The Iberian Energy Market Operator manages the wholesale electricity market across Spain and Portugal, setting hourly pool prices through daily marginal auctions. Household energy bills on Spain regulated tariff track these hourly market movements directly.
Wholesale energy trends following September highs
The price reduction comes after a costly month for Spanish energy consumers. September closed with the highest average electricity bill recorded in four years, averaging 104 euros for households on the regulated tariff.
Wholesale electricity rates surged toward the end of September to close at annual highs of 143.72 euros per megawatt-hour. Wednesday average of 182.33 euros per megawatt-hour remains elevated despite the single-day percentage decline, maintaining wide price gaps between peak and off-peak hours.
Daily price peaks and afternoon cost dips
Wednesday began with high electricity prices during the overnight hours. Rates exceeded 190 euros per megawatt-hour during the early morning, starting with an initial peak of 223.94 euros between midnight and 1:00 a.m.
Morning electricity prices remained high before reaching the maximum rate of the day. Between 8:00 a.m. and 9:00 a.m., the wholesale price hit its daily peak of 240.07 euros per megawatt-hour.
Conditions improved significantly after midday. Prices fell from 137.84 euros between 12:00 p.m. and 1:00 p.m. down to 109.40 euros between 2:00 p.m. and 3:00 p.m.
The lowest price of the day was recorded between 3:00 p.m. and 4:00 p.m., when rates dropped to a minimum of 86.33 euros per megawatt-hour. The following window between 4:00 p.m. and 5:00 p.m. remained below 100 euros at 90.42 euros per megawatt-hour, providing consumers with a two-hour window to concentrate high-energy consumption.
Evening price rebound and consumer recommendations
Prices rebounded in the late afternoon. Starting at 5:00 p.m., rates rose to 137.68 euros per megawatt-hour and reached 227.05 euros between 7:00 p.m. and 8:00 p.m.
Although electricity costs fell after 8:00 p.m., rates remained above 200 euros per megawatt-hour until 11:00 p.m. Consumers were advised to concentrate major household tasks around 3:00 p.m. and avoid peak morning and evening periods whenever possible.
Hourly electricity rates for Wednesday October 7
OMIE published the complete hourly breakdown of wholesale electricity prices per megawatt-hour for Wednesday, October 7:
- 00:00 to 01:00: 223.94 euros
- 01:00 to 02:00: 209.85 euros
- 02:00 to 03:00: 203.22 euros
- 03:00 to 04:00: 198.89 euros
- 04:00 to 05:00: 194.29 euros
- 05:00 to 06:00: 193.58 euros
- 06:00 to 07:00: 200.83 euros
- 07:00 to 08:00: 237.83 euros
- 08:00 to 09:00: 240.07 euros (Daily peak)
- 09:00 to 10:00: 223.92 euros
- 10:00 to 11:00: 191.32 euros
- 11:00 to 12:00: 155.52 euros
- 12:00 to 13:00: 137.84 euros
- 13:00 to 14:00: 134.02 euros
- 14:00 to 15:00: 109.40 euros
- 15:00 to 16:00: 86.33 euros (Daily minimum)
- 16:00 to 17:00: 90.42 euros
- 17:00 to 18:00: 137.68 euros
- 18:00 to 19:00: 180.61 euros
- 19:00 to 20:00: 227.05 euros
- 20:00 to 21:00: 216.52 euros
- 21:00 to 22:00: 205.06 euros
- 22:00 to 23:00: 200.16 euros
- 23:00 to 24:00: 177.68 euros
