The average price of electricity this Tuesday, May 5, 2026, drops to 137.53 euros per megawatt hour (euros/MWh) for consumers with a regulated or indexed rate in the free market, according to data published by Red Eléctrica. This represents a decrease of 3.35% compared to this Monday in which the price was 142.30 euros, That is, they pay 4.77 euros less on average.
It must be taken into account that this amount refers to the PVPC (Voluntary Price for Small Consumers) and is different from the one published by the Operator of the Iberian Energy Market (OMIE) for the wholesale market in that it includes other concepts such as taxes and tolls.
The price of electricity today Thursday, May 7, 2026 in the PVPC rises again, with 4 sections above 200 euros
The price of electricity this Thursday, May 7, rises and there will be no section below 15 euros
When is electricity cheaper today, Tuesday, May 5?
The cheapest time for electricity is from 4:00 p.m. to 5:00 p.m., when the price falls to 47.25 euros, with the rest of the more affordable sections being found in the central hours of the day.
What time is electricity most expensive?
The most expensive peak for electricity is between 9:00 p.m. and 10:00 p.m. with a price of 260.67 euros, and it will not be the only stretch of the day above 200 euros.
Hourly electricity price for Tuesday, May 5
Although electricity drops, prices between the different bands vary considerably, so adjusting consumption to the most affordable bands can reduce the bill. The following list shows the price of electricity hour by hour on Tuesday, May 5, 2026.
- 00:00 to 01:00: 138.32 euros/MWh
- 01:00 to 02:00: 133.53 euros/MWh
- 02:00 to 03:00: 131.17 euros/MWh
- 03:00 to 04:00: 131.34 euros/MWh
- 04:00 to 05:00: 131.80 euros/MWh
- 05:00 to 06:00: 133.63 euros/MWh
- 06:00 to 07:00: 145.67 euros/MWh
- 07:00 to 08:00: 169.75 euros/MWh
- 08:00 to 09:00: 179.25 euros/MWh
- 09:00 to 10:00: 125.86 euros/MWh
- 10:00 to 11:00: 137.78 euros/MWh
- 11:00 to 12:00: 117.78 euros/MWh
- 12:00 to 13:00: 117.44 euros/MWh
- 1:00 p.m. to 2:00 p.m.: 116.88 euros/MWh
- 14:00 to 15:00: 48.08 euros/MWh
- 15:00 to 16:00: 47.29 euros/MWh
- 16:00 to 17:00: 47.25 euros/MWh
- 17:00 to 18:00: 50.28 euros/MWh
- 18:00 to 19:00: 136.90 euros/MWh
- 19:00 to 20:00: 196.58 euros/MWh
- 20:00 to 21:00: 240.32 euros/MWh
- 21:00 to 22:00: 260.67 euros/MWh
- 22:00 to 23:00: 190.96 euros/MWh
- 23:00 to 24:00: 172.21 euros/MWh
The increase in renewable energies causes drops in the wholesale price that are not reflected in the electricity bill
The growth of renewable energies in Spain and Europe is causing very low and even negative prices in the wholesale electricity market, especially on days with high solar and wind production and reduced demand. This excess supply causes the price of a megawatt hour to plummet at certain times, an increasingly common situation in the electricity system.
However, this drop does not directly translate into a cheaper bill for households. The electricity bill includes other fixed costs such as tolls, charges and taxes that reduce the impact of these decreases, so the consumer does not fully perceive the reduction in prices that does occur in the wholesale market.
Furthermore, the electrical system still has difficulties managing this surplus of energy. The lack of sufficient storage and more flexible networks limits the use of these low prices, which is why experts point to the need to invest in batteries and infrastructure modernization to better transfer savings to the consumer.