Spain’s wholesale electricity price spikes to 148 €/MWh on June 26 2026
On Friday 26 June 2026 the Spanish wholesale electricity market (OMIE) recorded an average price of €87.50 /MWh, a 9.98 % rise from the previous day. The highest hourly price reached €148.49 /MWh between 22:00‑23:00, while the cheapest hour was 15:00‑16:00 at €3.93 /MWh. A similar pattern was seen on 25 June, when the market price fell to €79.56 /MWh but regulated PVPC tariffs peaked at €278.71 /MWh during the 21:00‑22:00 slot because heat‑driven demand for air‑conditioning surged.
The first 26 days of June show an average market price of €67.39 /MWh, slightly above the same period a year earlier. Analysts advise consumers to shift high‑consumption activities such as washing machines, dishwashers or electric vehicle charging to the lower‑price windows (typically mid‑afternoon) to mitigate bill impact.
Overall, electricity prices remain volatile, with peak‑hour spikes and a clear incentive for demand‑side management amid ongoing heat waves.