Electricity rises to €0.2078/kWh (€207.75/MWh) this Thursday, October 22, 2026, for consumers with a regulated or indexed rate in the free market. According to the data published by Red Eléctrica, electricity is paid 1.47% more expensive than this Wednesday, in which the price was €0.2047/kWh (€204.74/MWh)that is, it costs €0.0030/kWh (€3.01/MWh) more.
When consulting the electricity prices for these consumers, it must be taken into account that two different amounts may appear for the same time slot. This is because different units of measurement are used. On the one hand, megawatt hours (MWh), which Red Eléctrica uses to publish electricity prices, and on the other, kilowatt hours (kWh), which is the unit that consumers will find on their electricity bill.
Likewise, it should be noted that the Voluntary Price for Small Consumers (PVPC) is not the same as the wholesale market price. It is generally higher as it incorporates other costs that consumers also pay, such as taxes, tolls and marketing costs.
The most expensive and cheapest time on Thursday
The most expensive hour will be from 8:00 p.m. to 9:00 p.m., with a price of €0.3754/kWh (€375.35/MWh), well below the 418.08 euros that were recorded as the maximum on Wednesday.
On the contrary, the cheapest hour will be from 2:00 p.m. to 3:00 p.m., with a price of €0.0131/kWh (€13.14/MWh).
Price of electricity per hour on October 22
Despite the increase, it must be taken into account that both the most expensive and the cheapest hours are below the amounts of the previous day, so it is advisable to review the PVPC of electricity by hour on October 22 to save on the bill:
| Hour | Euros per kWh | Euros per MWh |
|---|---|---|
| 00:00 to 01:00 | €0.2320/kWh | €231.99/MWh |
| 01:00 to 02:00 | €0.2247/kWh | €224.68/MWh |
| 02:00 to 03:00 | €0.2225/kWh | €222.51/MWh |
| 03:00 to 04:00 | €0.2229/kWh | €222.87/MWh |
| 04:00 to 05:00 | €0.2210/kWh | €220.99/MWh |
| 05:00 to 06:00 | €0.2203/kWh | €220.34/MWh |
| 06:00 to 07:00 | €0.2387/kWh | €238.72/MWh |
| 07:00 to 08:00 | €0.2792/kWh | €279.21/MWh |
| 08:00 to 09:00 | €0.3296/kWh | €329.58/MWh |
| 09:00 to 10:00 | €0.2808/kWh | €280.78/MWh |
| 10:00 to 11:00 | €0.2470/kWh | €246.96/MWh |
| 11:00 to 12:00 | €0.1558/kWh | €155.78/MWh |
| 12:00 to 13:00 | €0.0897/kWh | €89.69/MWh |
| 1:00 p.m. to 2:00 p.m. | €0.0837/kWh | €83.70/MWh |
| 2:00 p.m. to 3:00 p.m. (the cheapest) | €0.0131/kWh | €13.14/MWh |
| 15:00 to 16:00 | €0.0135/kWh | €13.45/MWh |
| 16:00 to 17:00 | €0.0139/kWh | €13.89/MWh |
| 17:00 to 18:00 | €0.0498/kWh | €49.76/MWh |
| 18:00 to 19:00 | €0.2754/kWh | €275.44/MWh |
| 19:00 to 20:00 | €0.3680/kWh | €367.99/MWh |
| 8:00 p.m. to 9:00 p.m. (the most expensive) | €0.3754/kWh | €375.35/MWh |
| 9:00 p.m. to 10:00 p.m. | €0.3422/kWh | €342.15/MWh |
| 22:00 to 23:00 | €0.2545/kWh | €254.51/MWh |
| 23:00 to 24:00 | €0.2324/kWh | €232.40/MWh |
Price of electricity in the wholesale market
If what is taken into account is the wholesale market data, electricity reaches 155.63 euros per megawatt hour (€/MWh) according to data published by the Iberian Energy Market Operator (OMIE). This implies that the ‘pool’ is 5.86% more expensive than the previous day, that is, you pay 8.66 euros more expensive.
As for the most expensive hour, it will be from 08:00 to 09:00, with a price of €256.07/MWh, while the cheapest has a cost of €0.40/MWh between 15:00 and 16:00.
The following graph shows the hourly price in the wholesale market.
The price of electricity on Monday, October 26, 2026 shoots up again and now costs 227.50 euros/MWh on average
The price of electricity for Sunday, October 25, 2026: cheapest and most expensive hours
Below you can see a comparison between these prices and the PVPC.
Evolution of the price of electricity during the month of October
| Date | Wholesale market, OMIE | Regulated rate, PVPC |
|---|---|---|
| 10/01/2026 (Thursday) | €152.01/MWh | €0.2061/kWh |
| 10/02/2026 (Friday) | €177.72/MWh | €0.2207/kWh |
| 03/10/2026 (Saturday) | €166.60/MWh | €0.1693/kWh |
| 10/04/2026 (Sunday) | €171.85/MWh | €0.1740/kWh |
| 10/05/2026 (Monday) | €196.88/MWh | €0.2230/kWh |
| 06/10/2026 (Tuesday) | €201.99/MWh | €0.2182/kWh |
| 10/07/2026 (Wednesday) | €182.33/MWh | €0.2099/kWh |
| 10/08/2026 (Thursday) | €106.90/MWh | €0.1834/kWh |
| 10/09/2026 (Friday) | €107.37/MWh | €0.1878/kWh |
| 10/10/2026 (Saturday) | €130.00/MWh | €0.1553/kWh |
| 10/11/2026 (Sunday) | €141.49/MWh | €0.1626/kWh |
| 10/12/2026 (Monday) | €151.76/MWh | €0.1667/kWh |
| 10/13/2026 (Tuesday) | €166.63/MWh | €0.2082/kWh |
| 10/14/2026 (Wednesday) | €186.44/MWh | €0.2214/kWh |
| 10/15/2026 (Thursday) | €193.11/MWh | €0.2209/kWh |
| 10/16/2026 (Friday) | €191.64/MWh | €0.2154/kWh |
| 10/17/2026 (Saturday) | €107.15/MWh | €0.1443/kWh |
| 10/18/2026 (Sunday) | €76.28/MWh | €0.1397/kWh |
| 10/19/2026 (Monday) | €215.11/MWh | €0.2274/kWh |
| 10/20/2026 (Tuesday) | €195.52/MWh | €0.2208/kWh |
| 10/21/2026 (Wednesday) | €146.97/MWh | €0.2047/kWh |
| 10/22/2026 (Thursday) | €155.63/MWh | €0.2078/kWh |
| Average from October 1 to 22 | €160.06/MWh | €0.1949/kWh |