Energy Prices in Spain (2026)
Jules
Editor
Updated: July 2026 | Found helpful by 7 others
Updated July 2026. Energy pricing in Spain varies by supplier, tariff type, contracted power, and wholesale market movement, so there is no single flat rate across the market. This page presents illustrative price bands by supplier and tariff type rather than a flat rate card. Energy is the most price-volatile vertical on this site: the bands below reflect a July 2026 research pass against the CNMC, Red Electrica's ESIOS, and supplier tariff pages, but they move often, so treat them as a starting point, not a locked-in quote. Get a live quote from Iberdrola, Endesa, Naturgy, or Repsol, or check the regulated PVPC rate, for an exact current price.
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What Are the Illustrative Price Bands by Supplier and Tariff?
The EUR and cent-per-kWh figures below are illustrative bands from a July 2026 research pass, not a locked-in quote. Electricity and gas prices in Spain depend on wholesale market movement, tariff type, contracted power, and region, so treat every number as a starting reference and confirm your own live price with the CNMC's Comparador de Ofertas de Energia before signing. The table below lists the tariff types, the main price driver within each, and the illustrative band.
| Tariff type | Main price driver | Illustrative per-kWh band |
|---|---|---|
| PVPC (regulated electricity) | Hourly wholesale market price | ~EUR 0.13-0.14/kWh average (3-month trailing average EUR 0.1326/kWh; July 2026 monthly average around EUR 0.141/kWh, with daily hourly swings from roughly EUR 0.014 to EUR 0.205/kWh) |
| Fixed free-market electricity (Iberdrola) | Contract term, contracted power | ~EUR 0.152-0.157/kWh on standard Plan Online-type fixed tariffs |
| Fixed free-market electricity (Endesa) | Contract term, contracted power | ~EUR 0.104/kWh on its cheapest fixed offer (One Luz) |
| Fixed free-market electricity (Naturgy) | Contract term, contracted power | ~EUR 0.157/kWh flat (Por Uso); off-peak Tarifa Noche as low as ~EUR 0.0718/kWh valle |
| Fixed free-market electricity (Repsol) | Contract term, contracted power | ~EUR 0.12/kWh flat on its 24-hour fixed offer |
| Natural gas (Naturgy) | Consumption band, region | ~EUR 0.0774-0.0795/kWh on fixed RL.1/RL.2 tariffs, plus a EUR 5.15-9.15/month standing charge |
| Natural gas (Endesa, Iberdrola, Repsol) | Consumption band, region | ~EUR 0.084-0.096/kWh on fixed RL.1/RL.2 tariffs, plus a EUR 6.25-14.60/month standing charge depending on supplier and consumption band |
| Potencia contratada (standing charge) | Contracted kW, regardless of usage | PVPC: ~EUR 0.0759/kW/day (punta) and ~EUR 0.0019/kW/day (valle); free-market offers vary by supplier, with some as low as ~EUR 0.04-0.10/kW/day |
Bands sourced from a July 2026 research pass against the CNMC, Red Electrica's ESIOS, and supplier tariff pages; energy prices in Spain move frequently, so confirm the live price for your own consumption profile before signing.
How Does PVPC Compare to Free-Market Tariffs?
PVPC (Precio Voluntario para el Pequeno Consumidor) is set by Red Electrica de Espana in 15-minute blocks since 30 September 2025, replacing the hourly pricing used since 2014, against the wholesale electricity market, so its cost swings with daily and seasonal wholesale conditions (source: ree.es, as of July 2026). A fixed free-market contract from Iberdrola, Endesa, Naturgy, or Repsol holds one agreed price for the contract term instead. Neither structurally beats the other at all times: PVPC's 3-month trailing average sat around EUR 0.1326/kWh with the July 2026 monthly average closer to EUR 0.141/kWh, against fixed offers currently ranging from about EUR 0.104/kWh to EUR 0.157/kWh depending on supplier and plan (source: tarifaluzhora.es and Red Electrica ESIOS data, as of July 2026). See our electricity and gas guide for the eligibility basics.
How Do Prices Vary by Region?
The regulated grid access charge and the PVPC energy price are set nationally, so there is no per-province PVPC price table the way there is for some other EU countries' regional utility structure. The Balearic and Canary Islands are the main structural exception, since their extra-peninsular generation costs are higher and are compensated through the national regulated system rather than fully passed to island consumers. For gas, the meaningful regional variation is not price but availability: mains gas coverage is concentrated in larger cities and towns rather than uniform nationwide (source: CNMC and Sedigas, as of July 2026).
What Makes Up the Price on Your Bill?
Every Spanish electricity bill combines the energy charge (per kWh, set by your supplier or PVPC), the grid access charge (peajes de acceso, regulated, covers the distribution and transmission network), and taxes and levies, including the Impuesto Especial sobre la Electricidad and IVA. Regulated grid charges (peajes) plus system charges (cargos) together make up roughly 40% of a typical household bill, with the remainder split between the wholesale energy cost and taxes (source: OCU and CNMC-linked reporting, as of July 2026). See our electricity and gas guide for the full bill-reading breakdown.
Which Pricing Approach Fits Your Situation?
Newly arrived, price-sensitive
Compare PVPC against a fixed offer from all four suppliers using the CNMC's Comparador de Ofertas de Energia before committing to a first contract.
Flexible daily usage (remote work, EV charging overnight)
PVPC's 15-minute pricing (since 30 September 2025; hourly before) can reward shifting consumption to cheaper periods, though this needs verifying against current wholesale trends.
Wants price certainty regardless of wholesale swings
A fixed free-market contract from Iberdrola, Endesa, Naturgy, or Repsol locks in one rate for the contract term.
Vulnerable consumer, meets income or household criteria
Check bono social eligibility: 42.5% off for a consumidor vulnerable or 57.5% off for a consumidor vulnerable severo on PVPC for 2026, requiring contracted power of 10 kW or less and household income at or below 1.5x the 14-payment IPREM (CNMC, as of July 2026).
Frequently Asked Questions
Why doesn't this page list a single price per kWh?
Energy prices in Spain move with wholesale electricity and gas markets, your tariff type (PVPC, fixed, or indexed), your region, and your contracted power. A flat rate card would be misleading and quickly outdated, so this page presents illustrative price bands by supplier and tariff type instead, cross-checked against the CNMC, Red Electrica's ESIOS, and supplier tariff pages as of July 2026; always confirm the live price for your own postcode and consumption profile with the CNMC's Comparador de Ofertas de Energia before signing.
Is PVPC cheaper than a fixed free-market contract?
It depends on the day and your usage pattern, since PVPC updates every 15 minutes against the wholesale market while a fixed contract holds one price regardless of wholesale swings. Neither is universally cheaper: the PVPC's 3-month trailing average was around EUR 0.1326/kWh, with the July 2026 monthly average closer to EUR 0.141/kWh and daily prices swinging from about EUR 0.014/kWh at the cheapest hour to EUR 0.205/kWh at the priciest, while fixed offers from the big suppliers currently range from about EUR 0.104/kWh to EUR 0.157/kWh depending on supplier and plan (source: tarifaluzhora.es and Red Electrica ESIOS data, as of July 2026). Compare the live PVPC price against a specific fixed quote for your own usage before deciding.
Do energy prices vary by region in Spain?
The regulated grid access charge component and the PVPC energy price are set nationally and are the same across mainland Spain, so there is no per-province PVPC price table the way there is for Austria's per-Bundesland structure. The main structural regional difference is the Balearic and Canary Islands' extra-peninsular generation costs, which are subsidised by the state rather than passed fully to island consumers; gas coverage also varies by municipality rather than by region, since mains gas simply is not present everywhere (source: CNMC and Sedigas, as of July 2026).
Sources: supplier websites, CNMC. Updated: July 2026. Price bands are sourced from a July 2026 research pass against the CNMC, Red Electrica's ESIOS (esios.ree.es), tarifaluzhora.es, and supplier tariff pages. Energy prices are highly volatile and move often; confirm the live price for your own profile before signing, and note Spain's gas price cap ("excepcion iberica") ended 31 December 2023 and is not currently in force.
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