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How much does electricity cost today?

In Spain, the price of energy on the wholesale market varies daily and is calculated in euros per megawatt hour (€/MWh). This wholesale price does not apply uniformly to all consumers, as it is determined by the tariff they have chosen in their contracts.

The daily price of electricity in Spain

In recent months, the price of electricity on the wholesale market has increased. This has affected certain consumers' electricity bills, especially those on the regulated market (PVPC tariff).

(*) Information provided by Red Eléctrica de España: www.esios.ree.es

 

Depending on the type of tariff you have arranged in your contract, these increases in the wholesale price of energy may be reflected in your bill in varying degrees. 

To all new customers, Endesa offers #UnaSoluciónÚnica for protection against market volatility.

We guarantee a base energy price of €58 per MWh for two years, with no long-term commitment. We will calculate a customised fixed amount* for you, which will include all the energy you need. The base price for that electricity will never exceed €58/MWh.

*The personalised amount will be calculated taking into account a market energy cost of €58/MWh (it does not include access tariffs, charges and other possible regulated costs). See terms and conditions.

The price of electricity in kWh or MWh

Consumers are more familiar with the price of electricity in kWh, as this unit of measurement is used in their bills. On the wholesale market, however, prices are expressed in MWh. 

  • The power tariffs you choose represent the price of electricity you will pay in €/kWh for your consumption.
  • Companies buy and sell energy in larger units, the MWh.

Due to recent increases in the daily price of electricity in the wholesale market, the media have popularised the MWh and have followed its ups and downs very closely.

There is a simple correspondence between the two units: 1 MWh equals 1000 kWh.

 

The price of electricity today on the regulated market (PVPC)

The PVPC, or regulated market, is a tariff linked to the daily price of electricity on the wholesale market. By law, the price that the electricity company pays for electricity today is transferred to the price of electricity that PVPC customers pay the following day.  

It is these types of tariffs which are most affected by the daily increases in the electricity price. In Spain, roughly 1 out of every 3 consumers currently has this type of tariff.

The price you pay for electricity under this sort of tariff varies according to the wholesale electricity market price every hour and day.

 

The price of electricity today on the free market

On the free market, you and your power company agree on a price for electricity, which is unaffected by daily rises in the wholesale market.

The free market affords greater protection against volatility in energy prices

If you become an Endesa customer, you can enjoy #UnaSoluciónÚnica, with a basic electricity price of €58/MWh with which we will calculate a personalised monthly amount* tailored to your needs.

*The personalised amount will be calculated taking into account a market energy cost of €58/MWh (it does not include access tariffs, charges and other possible regulated costs). See terms and conditions.

 

Factors that influence the daily price of electricity

In Spain there are daily energy auctions (referred to as the pool) in which the MWh price of electricity is agreed upon.

The companies that produce electricity sell the energy to the companies that market that electricity and then pass it on to Spanish households and businesses.

 

Power generation has a variable cost

Just as with any business activity, there is a price for generating electricity. It costs money to install solar panels, and also to optimise, monitor and maintain them.

In commodity-dependent plants, such as combined cycle plants, the price of the commodity must also be taken into account. Combined cycle power is all about natural gas, where prices are rising on the international markets which Spain is obliged to use.

 

Power generation is not always constant

Another aspect affecting the price of electricity is that not all energy is produced in the same quantity. Take renewable energies, for example. On cloudy days, less sun can be used for solar energy. During droughts, rivers carry less water, so limiting the amount of electricity generated by hydroelectric power plants.

 

Energy demand is not always even

There are certain times of the day, month or year when the demand for electricity in our country rises or falls. We know that in the coldest months we usually turn on our heaters or our central heating, while in the warmer months we turn on our air conditioning. And, of course, most people sleep during the night - when energy consumption falls dramatically.

The higher the demand for energy, the higher the electricity prices that energy suppliers will pay per MWh. And the reverse is also true.

 

Solutions to the daily rise in electricity prices

In the face of uncertainty, Endesa Única offers you a fixed monthly quota, so you can consume the energy you need without thinking about the time bands.   

We also have options where electricity is free during certain parts of the day, such as the Tempo Happy tariffs, which are ideal for people who consume most of their electricity at specific times and they will pay €0 during these hours.

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Comparison of Electricity and Gas Tariffs

You don't need to adapt to Endesa's tariffs because they adapt to you. If you go to our catalogue you can compare the different tariffs for yourself. Or if you prefer, you can answer a few questions about your consumption habits and we will take care of comparing all the different electricity and gas tariffs and then make a customised recommendation.

Do you want to see all our offers?
go back icon go back in navigation number 50 icon go to product Tempo Happy 50 Horas calendar icon go to product Tempo Happy Día companies icon go to the business segment gas icon go to gas product catalog rising sun icon go to Tempo Verde-Renewable Energy product home icon go to the household segment 24 hours icon go to One Luz product electricity icon go to Luz's product catalog electricity and gas icon go to the Luz + Gas product catalog moon icon go to product One night light monkey wrench icon go to breakdowns and repairs sun icon go to Tempo Solar product clock icon go to Tempo Happy products 2 hour clock icon go to Tempo Happy 2 Hours product 24 hours icon go to product One Luz number 50 icon go to product Tempo Happy 50 Hours Medium Voltage power line See product catalog with electricity consumption from € 36,000 to € 360,000 / year High Voltage power line See catalog of products with electricity consumption more than € 360,000 / year company icon go to the business segment calendar icon go to product Tempo Happy Day Property management firms icon go to the Property management firms DarkSite icon DarkSite icon light bulb icon See product catalog with electricity consumption less than € 6,000 / year electricity and gas icon go to the Electricity+ Gas Products catalog electricity icon go to the electrical products catalog email icon email contact fax icon fax contact Low Pressure gas icon see catalog of gas products with consumption of less than € 6,000 / year High Pressure gas icon see catalog of gas products with consumption from € 6,000 to € 240,000 / year Medium Pressure gas icon see catalog of gas products with consumption of more than € 240,000 / year gas icon go to gas product catalog Enel icon go to the enel website heater icon heater maintenance service heater maintenance icon go to maintenance service OKGas Heater home icon go to the household segment pressure cooker icon pressure cooker monkey wrench icon go to breakdowns and repairs Medium Voltage power line icon see catalog of electricity products with consumption from € 6,000 to € 36,000 / year moon icon go to product One Night Light sphere icon go to personal website phone icon telephone contact rising sun icon go to Tempo Verde-Renewable Energy product solar panel icon go to photovoltaic solar energy clock icon go to Tempo Happy products black handyman icon with thumb down selected the reaction "I don't like it" little hand icon with thumb down select the reaction "I don't like it" black hand icon with thumb up selected the "like" reaction little hand icon with thumb up select the "like" reaction

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