The average price of electricity for this Tuesday, April 28, 2026 is €132.11/MWh for consumers with a regulated or indexed tariff contracted in the free market, according to data published by Red Eléctrica. The week continues like this with a new increase, although this time a slight increase of only 1% compared to Monday. Specifically, they will pay about 1.31 euros more on average.
It must be understood that this amount refers to the Voluntary Price for Small Consumers (PVPC), which is different published by the Iberian Energy Market Operator (OMIE) at noon and that shows what the average price costs within the wholesale market.
Where is the difference? Mainly, the PVPC, which affects consumers with a regulated or indexed rate, includes concepts such as access tolls, system charges or electrical system adjustment costs, although it uses the wholesale market price as a base. Thus, it can be said that the wholesale market is the “factory” price of electricity while the PVPC is the “public sale” price, which is regulated by the Government.
What time is electricity cheaper today, Tuesday, April 28?
The cheapest hour of electricity takes place from 2:00 p.m. to 3:00 p.m., at a price of 51.84 euros/MWh. As on the previous day, the cheapest slots occur at two different times of the day, one in the early morning, which is more difficult to take advantage of when optimizing consumption, and another between midday and mid-afternoon.
When is electricity most expensive?
The maximum price of electricity occurs from 9:00 p.m. to 10:00 p.m., at which time it reaches 254.40 euros/MWh. Once again, the most expensive hours of electricity exceed the 200 euro barrier, with the highest peaks occurring towards the end of the afternoon and at night.
Hourly electricity price, Tuesday, April 28 (PVPC)
The rise in electricity and its irregular behavior throughout the day once again make it essential to adjust consumption according to its evolution. This is the price of electricity hour by hour on Tuesday, April 28, 2026 if you have a regulated or indexed rate in the free market:
- 00:00 to 01:00: 115.86 euros/MWh
- 01:00 to 02:00: 114.66 euros/MWh
- 02:00 to 03:00: 114.47 euros/MWh
- 03:00 to 04:00: 112.67 euros/MWh
- 04:00 to 05:00: 113.53 euros/MWh
- 05:00 to 06:00: 116.28 euros/MWh
- 06:00 to 07:00: 124.01 euros/MWh
- 07:00 to 08:00: 140.38 euros/MWh
- 08:00 to 09:00: 160.76 euros/MWh
- 09:00 to 10:00: 118.79 euros/MWh
- 10:00 to 11:00: 132.71 euros/MWh
- 11:00 to 12:00: 120.85 euros/MWh
- 12:00 to 13:00: 120.88 euros/MWh
- 1:00 p.m. to 2:00 p.m.: 120.26 euros/MWh
- 2:00 p.m. to 3:00 p.m.: 51.84 euros/MWh
- 15:00 to 16:00: 52.47 euros/MWh
- 16:00 to 17:00: 53.69 euros/MWh
- 17:00 to 18:00: 62.95 euros/MWh
- 18:00 to 19:00: 173.20 euros/MWh
- 19:00 to 20:00: 217.91 euros/MWh
- 20:00 to 21:00: 239.16 euros/MWh
- 21:00 to 22:00: 254.40 euros/MWh
- 22:00 to 23:00: 175.06 euros/MWh
- 23:00 to 24:00: 163.89 euros/MWh
The impact of the conflict in the Middle East on the electricity bill
The conflict in the Middle East puts direct pressure on global energy markets, generating strong volatility in natural gas and oil prices. Although Spain’s energy supply is very diversified and does not depend mainly on this region, the gas market is international.
Thus, any escalation of tension that threatens productive infrastructure or strategic trade routes (such as the Red Sea or the Strait of Hormuz) triggers nervousness among investors and immediately makes Liquefied Natural Gas (LNG) more expensive due to fear of possible bottlenecks or cuts in global supply.
This international increase in the cost of fossil fuels ends up being transferred to the electricity bill of Spanish homes covered by the regulated tariff or PVPC. In the wholesale electricity market, combined cycle plants (which use natural gas to generate energy) are usually responsible for filling the gap in those hours where the contribution of renewable energy is not sufficient.
By operating under a marginalist pricing system, the high operating cost of lighting these plants with more expensive gas ends up setting the closing price for all other technologies, which increases the daily market price and, consequently, makes the monthly bill of consumers exposed to this rate more expensive.