The average price of electricity for this Wednesday, April 29, 2026 is €139.87/MWh for consumers with a regulated or indexed tariff contracted in the free market, according to data published by Red Eléctrica. This is the third consecutive increase of the week, presenting an increase of 5.87% compared to Tuesday. Specifically, you pay about 7.76 euros more.
It should be understood that this amount refers to the Voluntary Price for Small Consumers (PVPC), which is different from the one published the Iberian Energy Market Operator (OMIE) at noon and that shows what the average price costs within the wholesale market.
To understand the difference, the PVPC, which is the one that affects consumers with a regulated or indexed rate, includes concepts such as access tolls, system charges or electricity 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, Wednesday, April 29?
The cheapest hour of electricity takes place from 3:00 p.m. to 4:00 p.m., at a price of 52.25 euros/MWh. Again, as happened yesterday, the cheapest slots occur at two different times of the day: early in the morning, which are more difficult for consumers to take advantage of, and 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 248.59 euros/MWh. Another pattern that is repeated is that of the most expensive hours of electricity, which once again exceed the 200 euro barrier (although they do not reach 250). Likewise, although they are concentrated towards the end of the afternoon and at night, there will be some loose peaks in the morning.
Hourly electricity price, Wednesday, April 29 (PVPC)
With each new rise, it is more important to optimize consumption. This is the price of electricity hour by hour on Wednesday, April 29, 2026 if you have a regulated or indexed rate in the free market:
- 00:00 to 01:00: 118.40 euros/MWh
- 01:00 to 02:00: 112.21 euros/MWh
- 02:00 to 03:00: 112.57 euros/MWh
- 03:00 to 04:00: 112.21 euros/MWh
- 04:00 to 05:00: 112.92 euros/MWh
- 05:00 to 06:00: 114.36 euros/MWh
- 06:00 to 07:00: 128.72 euros/MWh
- 07:00 to 08:00: 138.82 euros/MWh
- 08:00 to 09:00: 165.80 euros/MWh
- 09:00 to 10:00: 152.58 euros/MWh
- 10:00 to 11:00: 209.96 euros/MWh
- 11:00 to 12:00: 178.33 euros/MWh
- 12:00 to 13:00: 153.79 euros/MWh
- 13:00 to 14:00: 138.54 euros/MWh
- 2:00 p.m. to 3:00 p.m.: 61.66 euros/MWh
- 15:00 to 16:00: 52.25 euros/MWh
- 16:00 to 17:00: 56.40 euros/MWh
- 17:00 to 18:00: 70.69 euros/MWh
- 18:00 to 19:00: 153.76 euros/MWh
- 19:00 to 20:00: 198.56 euros/MWh
- 20:00 to 21:00: 231.61 euros/MWh
- 21:00 to 22:00: 248.59 euros/MWh
- 22:00 to 23:00: 170.75 euros/MWh
- 23:00 to 24:00: 163.36 euros/MWh
The conflict in the Middle East and its ‘domino effect’ on the bill
The impact of the conflict in the Middle East has a direct impact on our electricity bill because it makes natural gas, a key raw material for generating electricity, more expensive. Faced with instability in a region vital to the world’s energy supply, international markets react with uncertainty and fossil fuel prices skyrocket.
In Spain, the electricity market works with a “marginalist” pricing system, which means that the latest technology that comes in to cover energy demand (which is usually gas-powered combined cycle plants) is the one that sets the price for all the others. Therefore, if gas is more expensive due to the conflict, the cost in the wholesale electricity market increases drastically.
This increase in prices is not trapped only among the large companies in the wholesale market, but is directly transferred to households covered by the regulated tariff or PVPC. Although the recent reform of this rate introduced references to long-term markets to try to smooth out volatility, the daily price of the wholesale market continues to have a fundamental weight in the formula that calculates the receipt. Consequently, any geopolitical shock that makes gas more expensive and triggers generation costs is automatically reflected in the monthly bill of consumers with PVPC, demonstrating the domino effect that connects international tensions with the cost of turning on the light at home.