This Monday, March 2, 2026, the price of electricity is 18.36 euros per megawatt hour (€/MWh). This is reflected in the data from the Iberian Energy Market Operator (OMIE), where the average cost of electricity has risen by 22.4% compared to the previous year. price of electricity this Sundaylocated at €15/MWh.
This price affects consumers with a regulated PVPC rate or indexed rate in the free market, but taking into account that no tolls or other taxes are applied. This price will be announced at the end of the day through Red Eléctrica.
At what time is electricity cheaper?
The cheapest hour of electricity will occur from 12:00 to 15:00, when it will be paid at 0 euros/MWh. The next cheapest time slots to take into account will be between 11:00 and 12:00, at a price of €0.18/MWh.
At what time is electricity most expensive?
The most expensive hour will be between 8:00 p.m. and 9:00 p.m., with a price of 79.98 euros/MWh. While other time slots to avoid to save will take place between 7:00 p.m. and 8:00 p.m., at a price of €65.36/MWh.
Price of electricity per hour, March 2
Although the trend in recent days has been upward, it is still necessary to consult the hourly price to save as much as possible during tomorrow’s trading. Consumption must be adjusted within the 24 time slots, which can be achieved based on the hour-by-hour price of electricity on Monday, March 2, 2026, through the following graph and list prepared with OMIE data:
- 00:00 to 01:00: 15.88 euros/MWh
- 01:00 to 02:00: 8.88 euros/MWh
- 02:00 to 03:00: 5.22 euros/MWh
- 03:00 to 04:00: 4.88 euros/MWh
- 04:00 to 05:00: 4.52 euros/MWh
- 05:00 to 06:00: 9.37 euros/MWh
- 06:00 to 07:00: 20.80 euros/MWh
- 07:00 to 08:00: 26.67 euros/MWh
- 08:00 to 09:00: 24.90 euros/MWh
- 09:00 to 10:00: 14.29 euros/MWh
- 10:00 to 11:00: 2.26 euros/MWh
- 11:00 to 12:00: 0.18 euros/MWh
- 12:00 to 13:00: 0 euros/MWh
- 1:00 p.m. to 2:00 p.m.: 0 euros/MWh
- 14:00 to 15:00: 0 euros/MWh
- 15:00 to 16:00: 0.61 euros/MWh
- 16:00 to 17:00: 2.21 euros/MWh
- 17:00 to 18:00: 9.62 euros/MWh
- 18:00 to 19:00: 27.34 euros/MWh
- 19:00 to 20:00: 65.36 euros/MWh
- 20:00 to 21:00: 79.98 euros/MWh
- 9:00 p.m. to 10:00 p.m.: 50.95 euros/MWh
- 22:00 to 23:00: 36.61 euros/MWh
- 23:00 to 24:00: 30.19 euros/MWh
Evolution of the price of electricity and comparison
On the second day of March, the price of electricity remains the same, reaching 18.36 euros/MWh. If we compare it with the price of electricity a year ago, on March 2, 2025, when the pool stood at 65.56 euros/MWh, we can see how it has decreased by 72% a year later. A decrease that, in this case, could benefit users with regulated or indexed rates within the free market.
| Date | 2025 | 2026 | Difference in euros/MWh |
|---|---|---|---|
| March 1 | 65.83 | 15 | -50.83 |
| March 2 | 65.56 | 18.36 | -47.20 |