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progrunners / European electricity prices / Day-ahead power prices in Spain today

Day-ahead power prices in Spain today

Day-ahead clearing prices in Spain for today in €/MWh, from the single European day-ahead auction (SDAC). The auction clears in 15-minute products; the tables show hourly averages in local time. Source: ENTSO-E Transparency Platform.

Current hour · 14:00 CET122.1 €/MWh
Base (daily average)186.0 €/MWh
Lowest hour119.3 €/MWh · 12:00

Hourly day-ahead prices today

Delivery day: · Time zone: CET (UTC+1)

HourES
00:00168.0
01:00159.7
02:00144.1
03:00140.5
04:00140.5
05:00153.5
06:00186.8
07:00225.6
08:00235.5
09:00191.2
10:00146.5
11:00124.1
12:00119.3
13:00119.3
14:00122.1
15:00139.2
16:00195.3
17:00242.8
18:00296.0
19:00285.3
20:00264.8
21:00244.9
22:00216.0
23:00203.8

The most expensive hour today costs 296.0 €/MWh (18:00) and the cheapest 119.3 €/MWh (12:00) — a difference of 176.7 €/MWh within a single day.

The day in numbers: cheapest hours, averages and neighbouring zones

Delivery day: · Time zone: CET (UTC+1)

Figure · €/MWhSpot price
Cheapest hour · 12:00119.3
Most expensive hour · 18:00296.0
Difference176.7
Daily average186.0
Average of the previous 7 days193.8
Average of the previous 30 days182.7
Cheapest 3 hours in a row · 12:00–15:00120.3

Today's average in Spain, 186.0 €/MWh, is 4 % lower than the average of the previous 7 days (193.8 €/MWh) and about the same as the average of the previous 30 days (182.7 €/MWh).

The cheapest three consecutive hours today run from 12:00 to 15:00, at an average of 120.3 €/MWh — 65.8 €/MWh below the daily average; the window that matters for flexible load and battery charging. Wholesale day-ahead prices, excluding grid fees, taxes and levies.

Daily averages over the CET delivery day (Fri 13 Nov 2026) in neighbouring zones: Portugal 186.0 · Spain 186.0 · France 197.2 €/MWh. Spain has the same average as Portugal.

Why the price looks like this today

Forecast wind and solar output averages 13.3 GW over the day, around 47 % of forecast demand (ENTSO-E day-ahead forecasts) — that keeps the price down for much of the day. Tomorrow will be cheaper: daily average 169.5 €/MWh.

Tomorrow's prices are published every day at around 13:15 local time, once the day-ahead auction has been settled. From then on you will find them hour by hour on electricity prices in Spain tomorrow.

Day-ahead prices for tomorrow (14 Nov 2026)

Tomorrow's auction has already been settled. Daily average 169.5 €/MWh, cheapest hour 60.0 €/MWh at 13:00.

Delivery day: · Time zone: CET (UTC+1)

HourES
00:00214.3
01:00206.5
02:00198.3
03:00187.8
04:00181.8
05:00182.9
06:00197.7
07:00206.6
08:00203.8
09:00166.9
10:00142.5
11:00108.8
12:0068.8
13:0060.0
14:0063.2
15:0078.0
16:00139.6
17:00204.0
18:00216.8
19:00217.6
20:00212.6
21:00209.6
22:00206.1
23:00193.5

What the price represents

These are wholesale day-ahead clearing prices for the bidding zone, excluding grid fees, taxes and levies. They are the reference for spot-indexed supply, PPA settlement, battery dispatch and the starting point for intraday positions.

Negative prices are not an error. When wind and solar produce a lot and demand is low, the price turns negative, because shutting production down would cost more than carrying on.

Spain and Portugal: MIBEL

Spain and Portugal are separate zones coupled in the Iberian market MIBEL. They almost always have the same price, but they separate when the interconnection between the two countries is saturated. The interconnection with France is the real bottleneck: that is why the peninsula is often isolated from the rest of Europe, with prices of its own.

Comparison with the rest of Europe

Spain trades together with its neighbours. Coupled zones move together in price as long as the interconnectors have spare capacity. All figures in EUR/MWh.

Delivery day: · Time zone: CET (UTC+1) · CET delivery day for all zones · Min/Max = cheapest/most expensive hour

Bidding zoneNow AvgMinMax
SE Sweden 118.417.012.218.6
NO Norway 420.718.717.621.0
SE Sweden 218.718.817.319.9
FI Finland31.031.512.078.1
SE Sweden 378.295.659.8141.1
NO Norway 3102.6103.798.0112.2
PL Poland107.6126.4102.4166.3
EE Estonia116.3127.763.6202.2
LT Lithuania116.3137.775.0202.2
LV Latvia116.3137.775.0202.2
GR Greece52.7144.80.0239.1
DK Denmark 1111.9145.681.8200.0
DK Denmark 2113.8146.284.9201.4
SE Sweden 4114.6146.985.7202.2
NO Norway 2149.3160.4145.2184.0
NO Norway 1167.2161.7148.0175.5
DE Germany–Lux125.8161.790.5226.2
NO Norway 5167.3163.9148.9178.9
IT Italy South0.0170.00.0296.0
IT Italy Sardinia13.5183.113.5267.9
ES Spain122.1186.0119.3296.0
PT Portugal122.1186.0119.3296.0
CZ Czechia164.0189.5135.1240.0
RS Serbia210.0191.7100.0261.0
SK Slovakia181.9196.5151.2243.4
FR France163.9197.2140.5296.0
RO Romania188.6199.3152.1247.5
HU Hungary189.7200.4152.9247.3
HR Croatia194.0203.4153.3254.5
SI Slovenia197.2205.1154.0256.5
IT Italy Sicily0.0205.80.0352.0
BE Belgium189.1207.1140.2282.0
NL Netherlands200.8209.4137.0290.0
AT Austria221.3218.4159.7257.5
CH Switzerland233.4226.3181.0261.7
IT Italy Centre-S217.0234.0186.5296.0
IT Italy North221.3236.4186.5296.0
IT Italy Centre-N221.3236.4186.5296.0

Frequently asked questions

When is electricity cheapest today?

On the spot market in Spain the cheapest hour today is 12:00 (119.3 €/MWh) and the most expensive 18:00 (296.0 €/MWh).

Which three hours in a row are cheapest today?

In the day-ahead auction in Spain: 12:00–15:00, at an average of 120.3 €/MWh (wholesale, excluding grid fees and taxes).

Source: ENTSO-E Transparency Platform · updated · day-ahead auction results. Informational only, not a contractual reference.