Price of electricity in Spain and Portugal rises again on Monday, May 23


The price of electricity in Spain and Portugal rises by 13.83 per cent on Monday, May 23

The price of electricity in the wholesale market in Spain and Portugal rises again tomorrow, Monday, May 23. After a weekend of decreasing costs, an increase of 13.83 per cent will bring the price back up to €194.16/MWh, compared to today’s €170.56/MWh, although it stays below the €200 mark.

According to data from the Iberian market operator (OMIE), consulted by EFE, Monday’s price will be 2.8 times higher than that of the same day a year ago, when it was €68.67/MWh.

By time slots, the maximum price will be reached this Monday morning, between 9am and 10am, with €230.02/MWh, while the lowest will be registered at dawn, between 5am and 6am, at €171.49/MWh.

In the first twenty-three days of May, the average price of electricity in the wholesale market was €189.13/MWh. That is 33.24 per cent below the average for the entire month of March, which was the month most expensive in history, registering €288.30/MWh.

However, the average price of electricity so far in the month of May is 1.24 per cent lower than that of the entire month of April. Should this trend continue then it would register a second consecutive monthly decrease.

The price of electricity in the wholesale market has a direct impact on the regulated tariff or PVPC, to which more than 10 million consumers in Spain are subscribed, and serves as a reference for the other 19 million who contract their supply on the free market.

It is currently waiting for the mechanism to be applied jointly by the governments of Spain and Portugal. This action will limit the price of gas for electricity production in the wholesale market for a twelve-month period.


Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Chris King

Originally from Wales, Chris spent years on the Costa del Sol before moving to the Algarve where he is a web reporter for The Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at

Recent Posts

  • Covid News

US secures 105 million Covid-19 vaccines doses from Pfizer and BioNTech

The US announced that it has secured 105 million Covid-19 vaccines from Pfizer and BioNTech…

7 hours ago
  • Axarquía

Keep cigarette butts off beaches in Malaga’s Rincon de la Victoria

Visitors to the beaches of Rincon de la Victoria, in the province of Malaga, are…

8 hours ago
  • UK News

Andy Murray out of Wimbledon after losing in second round

British hopeful Andy Murray is out of Wimbledon after losing in the second round to…

8 hours ago
  • Mallorca

Balearic Islands welcome Sahrawi children from refugee camps in Tindouf

The Balearic Islands have spent many years running projects in aid of the Sahrawi people,…

8 hours ago
  • UK News

Heinz pulls products from Tesco in pricing row

Kraft Heinz has pulled some products from Tesco the largest retailer in the UK in…

8 hours ago
  • World News

R & B star R. Kelly sentenced to 30 years in prison on racketeering and sex trafficking charges

Found guilty of federal racketeering and sex trafficking in 2021, R&B singer R. Kelly was…

9 hours ago