Price of electricity in Spain and Portugal DROPS again on Tuesday, July 5


The price of electricity falls by 9.11 per cent in Spain and Portugal on Tuesday, July 5.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain and Portugal will drop by 9.11 per cent this Tuesday, July 5, compared to today, Monday, July 4. Specifically, it will stand at €231.74/MWh.

According to data from the Iberian Energy Market Operator (OMIE), in the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – tomorrow will stand at €139.16/MWh. That is €20.76/MWh less than today’s €159.92/MWh.

Tuesday’s maximum price will be registered between 9pm and 10pm, at €163.58/MWh, while the minimum for the day, of €114.57/MWh, will be between 4am and 5am.

Added to this wholesale market price is the compensation of €92.58/MWh to the gas companies, compared to the €95.05/MWh registered for today. This compensation must be paid by the consumers who benefit from the measure, the consumers of the regulated rate (PVPC), or those who, despite being in the free market, have an indexed rate.

Compared to a year ago, the price of electricity for customers at the regulated rate for this Tuesday, July 5, is 146.92 per cent more expensive than the €93.85/MWh on July 5, 2021.


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

  • Valencia News

Three seriously burned as panic breaks out on train trapped due to Bejis forest fire

Three passengers reported having suffered serious burns while attempting to escape from a train trapped…

26 mins ago
  • Portugal News

Portuguese unions advise travellers to avoid flights with strikes threatened this weekend

Travellers have been advised by the Portuguese aviation unions that it would be 'wise' to…

2 hours ago
  • EU News

Change of date after which British tourists must pay to visit EU Schengen countries

British tourists must now pay to visit any of the European countries in the Schengen…

3 hours ago
  • Technology

Privatixy Protocol will prioritise customer privacy over Avalanche

For several years, tech behemoths have controlled users' data and privacy on the net. Some…

3 hours ago
  • Cryptocurrency

DeFi Cryptocurrency stocks everyone is checking out this quarter- HachiFi and Cardano

In addition to its many advantages, cryptocurrency stocks like Cardano (ADA) provide buyers with a…

3 hours ago
  • Costa del Sol

UPDATE: Performances in Youth Area of Malaga Fair still suspended until lighting bridge is fixed

Performances in the Youth Area of Malaga fair are still suspended by Malaga Council until…

4 hours ago