The average price of electricity this Wednesday, March 4, 2026, will be 56.51 euros per megawatt hour (MWh) in the wholesale market, according to data published by the Iberian Energy Market Operator (OMIE). This means that electricity will be almost twice as expensive, experiencing a new increase of 98.77% compared to Tuesday. Specifically, about 28.08 euros more will be paid for the ‘pool’.
It must be remembered that this amount refers to the price in the wholesale market, which does not include concepts such as taxes or tolls. These are included in the Voluntary Price for Small Consumers (PVPC), which is the one that affects consumers with a regulated or indexed rate in the free market and is published late in the afternoon by Red Eléctrica.
When is electricity cheaper this Wednesday?
The cheapest hour of electricity will be from 1:00 p.m. to 2:00 p.m., with a price of 6 euros/MWh. The cheapest sections of the day will begin to occur at mid-morning and will continue until mid-afternoon, finding only three for an amount less than 10 euros/MWh.
When is electricity most expensive on Wednesday?
The maximum price of electricity will occur from 7 to 8 p.m., at which time it will reach 176.99 euros/MWh. The most expensive hours of light begin already in the middle of the afternoon and will continue all night, although there are two peaks in the early morning (but not as pronounced).
Price of electricity by hour, Wednesday, March 4
The new rise in electricity does not give consumers any respite. If you want to efficiently adjust consumption, this will be the price of electricity hour by hour on Wednesday, March 4, 2026 in the wholesale market:
- 00:00 to 01:00: 64.08 euros/MWh
- 01:00 to 02:00: 51.28 euros/MWh
- 02:00 to 03:00: 42.56 euros/MWh
- 03:00 to 04:00: 38.88 euros/MWh
- 04:00 to 05:00: 37.29 euros/MWh
- 05:00 to 06:00: 42.65 euros/MWh
- 06:00 to 07:00: 43.94 euros/MWh
- 07:00 to 08:00: 79.09 euros/MWh
- 08:00 to 09:00: 72.21 euros/MWh
- 09:00 to 10:00: 46.24 euros/MWh
- 10:00 to 11:00: 28.18 euros/MWh
- 11:00 to 12:00: 17.27 euros/MWh
- 12:00 to 13:00: 7.38 euros/MWh
- 1:00 p.m. to 2:00 p.m.: 6.00 euros/MWh
- 2:00 p.m. to 3:00 p.m.: 9.60 euros/MWh
- 15:00 to 16:00: 17.65 euros/MWh
- 16:00 to 17:00: 17.07 euros/MWh
- 17:00 to 18:00: 43.70 euros/MWh
- 18:00 to 19:00: 93.97 euros/MWh
- 19:00 to 20:00: 176.99 euros/MWh
- 20:00 to 21:00: 163.66 euros/MWh
- 9:00 p.m. to 10:00 p.m.: 98.35 euros/MWh
- 22:00 to 23:00: 82.96 euros/MWh
- 23:00 to 24:00: 75.24 euros/MWh
Evolution of the price of electricity during the first 4 days of March
Although the month has just started, the average price during these first 3 days of March has been 29.58 euros/MWh, which means that electricity is now 51.63 euros cheaper than compared to a year ago, when the average price was €81.21/MWh.
If you compare today’s day with that of just a year ago, you can see a drop of 41.40%. This is because on March 4, 2025 the price of electricity stood at €96.44/MWh, while the price today stands at €56.51/MWh, which represents a decrease of €39.93 compared to the same date last year.
| Date | 2025 | 2026 | Difference in euros/MWh |
|---|---|---|---|
| March 1 | 65.83 | 15 | -50.83 |
| March 2 | 65.56 | 18.36 | -47.20 |
| March 3 | 96.99 | 28.43 | -68.56 |
| March 4 | 96.44 | 56.51 | -39.93 |