The price of electricity increases this Monday, November 2, 2026, reaching 0.1874 euros per Kilowatt hour (187.39 euros/MWh), based on the latest data provided by Red Eléctrica regarding the Voluntary Price for Small Consumers (PVPC). In this way, the electricity rate increases by 3.05% compared to the Sunday, November 1, when the average cost was €0.1819/kWh (€181.85/MWh)that is, it is paid 5.54 euros more than the previous day in terms of megawatt hours.
It is important to know that the Voluntary Price for Small Consumers (PVPC) is different from that of the Iberian Energy Market Operator (OMIE), which reflects the price in the wholesale market and is usually lower because it does not include concepts such as taxes and tolls.
These are the cheapest hours of electricity on Monday
As for the cheapest price of electricity on the day, this will occur from 10:00 to 11:00, with a price of -€0.0173/kWh (-€17.30/MWh). After this, the next band with the lowest price will be from 2:00 p.m. to 3:00 p.m., with a cost of -€0.0155/kWh. Although the electricity has a negative price, of 0 euros or very close to this figure, it does not mean that it is free.
Below, the most expensive hours of electricity on Monday
On the contrary, the most expensive hour will be from 6:00 p.m. to 7:00 p.m., with a price of €0.3286/kWh (€328.55/MWh). Close to this time, the next slot with the highest price will be between 7:00 p.m. and 8:00 p.m., with a cost of €0.3265/kWh.
Hourly electricity price, Monday, November 2
Taking into account the new increase in the average price of electricity, it can be seen that the difference in amounts between sections changes quite a bit compared to the previous day, so adjusting consumption to the cheapest times of the day can make a big difference in the bill. The following list shows the cost of electricity hour by hour for Monday, November 2, to know more precisely at what times to consume more or less electricity during the day:
- 00:00 to 01:00: €0.2633/kWh (€263.29/MWh)
- 01:00 to 02:00: €0.2616/kWh (€261.57/MWh)
- 02:00 to 03:00: €0.2565/kWh (€256.45/MWh)
- 03:00 to 04:00: €0.2496/kWh (€249.59/MWh)
- 04:00 to 05:00: €0.2521/kWh (€252.07/MWh)
- 05:00 to 06:00: €0.2608/kWh (€260.84/MWh)
- 06:00 to 07:00: €0.2783/kWh (€278.27/MWh)
- 07:00 to 08:00: €0.2879/kWh (€287.92/MWh)
- 08:00 to 09:00: €0.2431/kWh (€243.05/MWh)
- 09:00 to 10:00: €0.0834/kWh (€83.42/MWh)
- 10:00 to 11:00: -0.0173 €/kWh (-17.30 €/MWh) (the cheapest)
- 11:00 to 12:00: -€0.0150/kWh (-€14.98/MWh)
- 12:00 to 13:00: -€0.0149/kWh (-€14.87/MWh)
- 13:00 to 14:00: -0.0151 €/kWh (-15.09 €/MWh)
- 14:00 to 15:00: -€0.0155/kWh (-€15.46/MWh)
- 15:00 to 16:00: -0.0145 €/kWh (-14.45 €/MWh)
- 16:00 to 17:00: €0.0979/kWh (€97.89/MWh)
- 17:00 to 18:00: €0.2701/kWh (€270.12/MWh)
- 18:00 to 19:00: €0.3286/kWh (€328.55/MWh) (the most expensive)
- 19:00 to 20:00: €0.3265/kWh (€326.49/MWh)
- 20:00 to 21:00: €0.3206/kWh (€320.55/MWh)
- 21:00 to 22:00: €0.2963/kWh (€296.28/MWh)
- 22:00 to 23:00: €0.2651/kWh (€265.11/MWh)
- 23:00 to 24:00: €0.2480/kWh (€248.04/MWh)
Price of electricity in the wholesale market
Regarding the data published by the Iberian Energy Market Operator (OMIE) or wholesale market, the average price of electricity increases for this Monday, November 2, reaching 177.06 euros per megawatt hour (€/MWh). Comparing it with the average cost of the previous day (November 1) in which it marked 163.19 euros, the price of electricity increases by 13.87 euros, assuming an increase of 8.50% in electricity.
Analyzing the prices for each hour of the day, the cheapest hour will be from 11:00 to 12:00, with a price of €0.92/MWh. On the opposite side, the most expensive hour will be from 6:00 p.m. to 7:00 p.m., with a price of €304.66/MWh.
Price hour by hour of light for Monday, November 2
In order for the electricity bill that arrives at the end of the month not to be too high, it is important to know the price of electricity hour by hour during the 24 time slots of the day. It must be taken into account that the highest cost of electricity will occur at night and in the early morning, as well as that the best time to save is during midday, as can be seen in the following list and graph prepared with official OMIE data.
The price of electricity on Thursday, November 5 becomes cheaper but 18 hours will still be above 200 euros
The price of electricity for Wednesday, November 4, 2026: the cheapest and most expensive hours
| Hour | Euros per kWh | Euros per MWh |
|---|---|---|
| 00:00 to 01:00 | €0.2430/kWh | €243.00/MWh |
| 01:00 to 02:00 | €0.2372/kWh | €237.19/MWh |
| 02:00 to 03:00 | €0.2303/kWh | €230.29/MWh |
| 03:00 to 04:00 | €0.2224/kWh | €222.38/MWh |
| 04:00 to 05:00 | €0.2237/kWh | €223.74/MWh |
| 05:00 to 06:00 | €0.2345/kWh | €234.54/MWh |
| 06:00 to 07:00 | €0.2618/kWh | €261.82/MWh |
| 07:00 to 08:00 | €0.2744/kWh | €274.44/MWh |
| 08:00 to 09:00 | €0.2262/kWh | €226.18/MWh |
| 09:00 to 10:00 | €0.0884/kWh | €88.39/MWh |
| 10:00 to 11:00 | €0.0012/kWh | €1.22/MWh |
| 11:00 to 12:00 (the cheapest) | €0.0009/kWh | €0.92/MWh |
| 12:00 to 13:00 | €0.0011/kWh | €1.05/MWh |
| 1:00 p.m. to 2:00 p.m. | €0.0011/kWh | €1.07/MWh |
| 2:00 p.m. to 3:00 p.m. | €0.0011/kWh | €1.07/MWh |
| 15:00 to 16:00 | €0.0012/kWh | €1.24/MWh |
| 16:00 to 17:00 | €0.1055/kWh | €105.54/MWh |
| 17:00 to 18:00 | €0.2501/kWh | €250.10/MWh |
| 18:00 to 19:00 (the most expensive) | €0.3047/kWh | €304.66/MWh |
| 19:00 to 20:00 | €0.3009/kWh | €300.87/MWh |
| 20:00 to 21:00 | €0.2941/kWh | €294.10/MWh |
| 9:00 p.m. to 10:00 p.m. | €0.2716/kWh | €271.55/MWh |
| 22:00 to 23:00 | €0.2449/kWh | €244.88/MWh |
| 23:00 to 24:00 | €0.2293/kWh | €229.28/MWh |
This is the comparison between the price of electricity in the wholesale market (OMIE) and the PVPC:
How the price of electricity has evolved in the month of 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 | €0.1874/kWh |
| Average from November 1 to 2 | €170.12/MWh | €0.1846/kWh |