The price of electricity drops, breaking the upward trend that it was experiencing in recent days and settling at 0.2494 euros/kWh (249.36 euros/MWh), according to data published by Red Eléctrica Española del Precio Voluntario para el Small Consumidor (PVPC). Compared to this Wednesday, November 4, it represents a drop of 1.58% (0.0040 euros/kWh or 4.01 euros/MWh) and if last year is taken as a reference, on the same date electricity cost 87.72% more.
These data correspond to the PVPC and are different from those published at noon by the Iberian Energy Market Operator (OMIE), which correspond to the wholesale market and are smaller because they do not include tolls or charges.
This Thursday there will be 16 hours in which the price will exceed 200 euros/MWh and the two cheapest consecutive hours will be from 2:00 p.m. to 4:00 p.m., with an average of 0.1714 euros/kWh (171.36 euros/MWh). In addition, for 16 hours they will be below the average price of the day: from 00:00 to 07:00 and from 09:00 to 18:00.
When is electricity cheaper this Thursday
The cheapest hour will be from 2:00 p.m. to 3:00 p.m. with a cost of 0.1676 euros/kWh, which is equivalent to 167.57 euros/MWh.
When is electricity most expensive?
On the contrary, the worst time to start appliances will be from 8:00 p.m. to 9:00 p.m. with a price of 0.4018 euros/kWh (401.79 euros/MWh).
Hourly electricity price for November 5, 2026
To know the price of electricity for each of the 24 hours of the day, it is advisable to consult the updated electricity rate. Thus, a quadrant can be created to differentiate the most expensive hours from the cheapest and achieve effective savings on the bill at the end of the month. This is possible by consulting the following graph and list prepared with the official data from Red Eléctrica Española for the PVPC.
| Hour | Euros per kWh | Euros per MWh |
|---|---|---|
| 00:00 to 01:00 | €0.2142/kWh | €214.17/MWh |
| 01:00 to 02:00 | €0.1920/kWh | €191.99/MWh |
| 02:00 to 03:00 | €0.1804/kWh | €180.43/MWh |
| 03:00 to 04:00 | €0.1737/kWh | €173.65/MWh |
| 04:00 to 05:00 | €0.1762/kWh | €176.17/MWh |
| 05:00 to 06:00 | €0.1886/kWh | €188.61/MWh |
| 06:00 to 07:00 | €0.2453/kWh | €245.26/MWh |
| 07:00 to 08:00 | €0.2982/kWh | €298.19/MWh |
| 08:00 to 09:00 | €0.2947/kWh | €294.74/MWh |
| 09:00 to 10:00 | €0.1965/kWh | €196.46/MWh |
| 10:00 to 11:00 | €0.2449/kWh | €244.88/MWh |
| 11:00 to 12:00 | €0.2368/kWh | €236.77/MWh |
| 12:00 to 13:00 | €0.2323/kWh | €232.31/MWh |
| 1:00 p.m. to 2:00 p.m. | €0.2338/kWh | €233.77/MWh |
| 2:00 p.m. to 3:00 p.m. (the cheapest) | €0.1676/kWh | €167.57/MWh |
| 15:00 to 16:00 | €0.1752/kWh | €175.15/MWh |
| 16:00 to 17:00 | €0.2042/kWh | €204.19/MWh |
| 17:00 to 18:00 | €0.2450/kWh | €244.96/MWh |
| 18:00 to 19:00 | €0.3787/kWh | €378.73/MWh |
| 19:00 to 20:00 | €0.3826/kWh | €382.61/MWh |
| 8:00 p.m. to 9:00 p.m. (the most expensive) | €0.4018/kWh | €401.79/MWh |
| 9:00 p.m. to 10:00 p.m. | €0.3818/kWh | €381.77/MWh |
| 22:00 to 23:00 | €0.2887/kWh | €288.69/MWh |
| 23:00 to 24:00 | €0.2518/kWh | €251.82/MWh |
Price of electricity in the wholesale market
The average price of electricity in the wholesale market drops this Thursday, November 5, 2026 to 238.69 euros per megawatt hour, according to official data published by the OMIE. This shows a drop of 2.98% compared to Wednesday when it reached 246.01 euros.
The cheapest hour will be from 12:00 to 13:00 with a cost of 183.51 euros/MWh followed by the section from 13:00 to 14:00 with 184.75 euros and on the contrary, the highest price can be found from 20:00 to 21:00 with 317.52 euros/MWh followed by the period from 19:00 to 8:00 p.m. with 300.25 euros.
The price of electricity on Friday, November 6, rises and there will only be two hours at less than 200 euros
The price of electricity for Wednesday, November 4, 2026: the cheapest and most expensive hours
In the following graph and list you can consult the price of electricity for this Thursday, November 5 in the wholesale market.
| Hour | Euros per kWh | Euros per MWh |
|---|---|---|
| 00:00 to 01:00 | €0.2522/kWh | €252.23/MWh |
| 01:00 to 02:00 | €0.2325/kWh | €232.46/MWh |
| 02:00 to 03:00 | €0.2232/kWh | €223.24/MWh |
| 03:00 to 04:00 | €0.2178/kWh | €217.77/MWh |
| 04:00 to 05:00 | €0.2196/kWh | €219.59/MWh |
| 05:00 to 06:00 | €0.2260/kWh | €225.99/MWh |
| 06:00 to 07:00 | €0.2573/kWh | €257.31/MWh |
| 07:00 to 08:00 | €0.2952/kWh | €295.16/MWh |
| 08:00 to 09:00 | €0.2712/kWh | €271.18/MWh |
| 09:00 to 10:00 | €0.2058/kWh | €205.81/MWh |
| 10:00 to 11:00 | €0.1945/kWh | €194.53/MWh |
| 11:00 to 12:00 | €0.1863/kWh | €186.30/MWh |
| 12:00 to 13:00 (the cheapest) | €0.1835/kWh | €183.51/MWh |
| 1:00 p.m. to 2:00 p.m. | €0.1848/kWh | €184.75/MWh |
| 2:00 p.m. to 3:00 p.m. | €0.1852/kWh | €185.24/MWh |
| 15:00 to 16:00 | €0.1903/kWh | €190.31/MWh |
| 16:00 to 17:00 | €0.2180/kWh | €218.04/MWh |
| 17:00 to 18:00 | €0.2411/kWh | €241.08/MWh |
| 18:00 to 19:00 | €0.2960/kWh | €295.97/MWh |
| 19:00 to 20:00 | €0.3003/kWh | €300.25/MWh |
| 8:00 p.m. to 9:00 p.m. (the most expensive) | €0.3175/kWh | €317.52/MWh |
| 9:00 p.m. to 10:00 p.m. | €0.2988/kWh | €298.81/MWh |
| 22:00 to 23:00 | €0.2784/kWh | €278.41/MWh |
| 23:00 to 24:00 | €0.2530/kWh | €253.04/MWh |
How the price of electricity has evolved in November
| Date | Wholesale market, OMIE | Regulated rate, PVPC |
|---|---|---|
| 11/01/2026 (Sunday) | €163.19/MWh | €0.1819/kWh |
| 11/02/2026 (Monday) | €177.06/MWh | €0.2266/kWh |
| 11/03/2026 (Tuesday) | €186.49/MWh | €0.2281/kWh |
| 11/04/2026 (Wednesday) | €246.01/MWh | €0.2534/kWh |
| 11/05/2026 (Thursday) | €238.69/MWh | €0.2494/kWh |
| Average from November 1 to 5 | €202.29/MWh | €0.2279/kWh |