Average price of electricity in Spain falls slightly again on Tuesday, August 16


On Tuesday, August 16, the average price of electricity in Spain falls again, this time by 2.9 per cent.

The average price of electricity for regulated rate customers linked to the wholesale market in Spain will fall by 2.9 per cent on Tuesday, August 16, compared to today Monday, August 15. Specifically, it will stand at €237.10/MWh.

According to provisional data from the Market Operator Iberian Energy (OMIE), in the auction, the average price of electricity in the wholesale market – the so-called ‘pool’ – stands at €143.20/MWh tomorrow.

Tuesday’s maximum price will be registered between 10pm and 11pm, at €180.03/MWh, while the minimum for the day, of €105/MWh, will be between 5pm and 6pm.

This price is the result of adding the average 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’ must be added the compensation of €93.90/MWh to the gas companies that has to be paid by the consumers who benefit from the measure, the consumers of the regulated tariff (PVPC), or those who, despite being in the free market, have an indexed rate.


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

  • UK News

BREAKING UPDATE: Female passenger dies suddenly after suffering cardiac arrest on plane from US to UK

A FEMALE passenger suffered a fatal cardiac arrest and died suddenly while in mid-air as…

5 mins ago
  • UK News

WATCH: Greenpeace activists interrupt UK Prime Minister Liz Truss’ speech at CPC22

GREENPEACE activists interrupted UK Prime Minister Liz Truss' speech at the Conservative Party Conference (CPC22)…

16 mins ago
  • Mallorca

Hospital in Palma secures state-of-the-art equipment in quest for surgical excellence

Juaneda Hospital announced that it has obtained a top specification new machine on September 30.…

40 mins ago
  • Report

Many consumers race to shop Delta-8 Carts featuring iconic strains

Shop Delta-8 carts featuring iconic strains      Image: Pexels.Com At present, a vast majority of…

58 mins ago
  • Ukraine crisis

Russia accuses Ukraine of using “ISIS tactics” and its civilians as “human shields” as America and Europe “turn a blind eye”

Konstantin Vorontsov, Russia's Deputy Head of the Delegation of the Russian Federation, said that Ukraine is…

1 hour ago
  • Mallorca

Balearic government announces new package of tax relief measures

The Balearic Islands government announced tax relief measures to help residents suffering with cost of…

1 hour ago