Price of electricity in Spain and Portugal falls again on Friday, July 29

Image of electricity pylons. Credit: Dmitrydesign/

The average price of electricity drops by 5.5 per cent on Friday, July 29 in Spain and Portugal.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain and Portugal will fall 5.5 per cent this Friday, July 29, compared to Thursday, July 28. Specifically, it will stand at €276.39/MWh.

According to provisional data from the Iberian Energy Market Operator (OMIE), in the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – stands at €141.51/MWh tomorrow.

Friday’s maximum price will be registered between midnight and 1am, at €161/MWh, while the minimum for the day, of €119/MWh, will occur between 7pm and 8pm.

This price is the result of adding the average price of the auction in the wholesale market to the compensation that the demand will pay to the combined cycle plants for the application of the ‘Iberian exception’ to cap the price of gas for the generation of electricity.

To this price of the ‘pool’ is added the compensation of €134.88/MWh to the gas companies that has to be paid by the consumers who are beneficiaries of the measure, the consumers of the regulated rate (PVPC), or those who, despite being in the free market, have an indexed rate.


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Written by

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