The average price of electricity for this Thursday, May 7, 2026 is 86.90 euros per megawatt hour (MWh) in the wholesale market, according to data published by the Iberian Energy Market Operator (OMIE). This is the second consecutive increase of the week, experiencing electricity an increase of 11.38% compared to Wednesdaywhich translates into paying about 8.88 euros more for the ‘pool’.
At all times it must be taken into account that this amount refers to 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.
The price of electricity today, Friday, May 8, 2026 in the PVPC drops after days of increases, but there are still sections that exceed 200 euros
The price of electricity on Friday, May 8, plummets but there will still be 10 bands with prices above 100 euros
When is electricity cheaper this Thursday?
The cheapest hour of electricity will be from 2:00 p.m. to 3:00 p.m., with a price of 19.24 euros/MWh. As in previous days, the cheapest slots will begin in the morning and will continue until mid-afternoon. Of course, with the notable difference that, with the exception of this one, no section goes below 20 euros.
When is electricity most expensive tomorrow, Thursday?
The maximum price of electricity will occur between 9 and 10 p.m., when 145.15 euros/MWh will be reached. The most expensive hours of electricity will occur at different times of the day, early in the morning and towards the end of the afternoon and at night.
Price of electricity by hour, Thursday, May 7
With the new increase, it will be even more important to adjust consumption to avoid it being fully reflected in the bill. This will be the price of electricity hour by hour on Thursday, May 7, 2026 in the wholesale market:
| Hour | Price (euros/MWh) |
|---|---|
| 00:00 – 01:00 | 125.21 |
| 01:00 – 02:00 | 116.50 |
| 02:00 – 03:00 | 113.84 |
| 03:00 – 04:00 | 108.77 |
| 04:00 – 05:00 | 108.12 |
| 05:00 – 06:00 | 114.83 |
| 06:00 – 07:00 | 123.53 |
| 07:00 – 08:00 | 134.54 |
| 08:00 – 09:00 | 118.44 |
| 09:00 – 10:00 | 89.23 |
| 10:00 – 11:00 | 52.01 |
| 11:00 – 12:00 | 24.28 |
| 12:00 – 13:00 | 20.00 |
| 13:00 – 14:00 | 20.00 |
| 14:00 – 15:00 | 19.24 |
| 15:00 – 16:00 | 20.53 |
| 16:00 – 17:00 | 24.05 |
| 17:00 – 18:00 | 43.56 |
| 18:00 – 19:00 | 66.16 |
| 19:00 – 20:00 | 98.30 |
| 20:00 – 21:00 | 128.52 |
| 21:00 – 22:00 | 145.15 |
| 22:00 – 23:00 | 145.01 |
| 23:00 – 24:00 | 125.76 |
Evolution of the price of electricity in the first 7 days of May
The average price during these first 7 days of May has been 64.09 euros/MWh, which means that electricity is now 51.01 euros more expensive than compared to a year ago, when the average price was €13.08/MWh.
If today’s day is compared to just a year ago, a significant increase of 357.12% can be seen. It is so because May 7, 2025 The price of electricity stood at €19.01/MWh, while the price today stands at €86.90/MWh, which represents an increase of €67.89 compared to the same date last year.
| Date | 2025 | 2026 | Difference in euros/MWh |
|---|---|---|---|
| May 1 | 13.29 | 57.87 | 44.58 |
| May 2 | 10.94 | 43.64 | 32.70 |
| May 3 | 16,17 | 48.13 | 31.96 |
| May 4 | 11 | 69.71 | 58.71 |
| May 5 | 10.89 | 64.34 | 53.45 |
| May 6 | 10.24 | 78.02 | 67.96 |
| May 7 | 19.01 | 86.90 | 67.89 |
Electrical system costs increased by 33% in April
The costs of the electrical system in Spain experienced an increase of 33% during the month of April compared to the same month of the previous year, standing at 22.67 euros per megawatt hour (MWh). This increase in price, which raised the final average price of electricity to 65.11 euros/MWh, is directly related to the operational policies adopted after the blackout in April 2025. These measures seek to reinforce the stability of the electrical network by resorting to a greater extent to the generation of gas combined cycles.
For its part, the wholesale market averaged a price of 42.44 euros/MWh, which is 58.3% more than a year ago. This increase was concentrated especially during the night due to a notable drop in the contribution of traditional renewable energies. Specifically, hydraulic generation plummeted by 32.7% and wind generation by 16.1%, which forced the use of thermal generation to increase in order to cover nighttime electricity demand.
In contrast, the central hours of the day experienced a sharp collapse in prices, registering up to 138 hours with negative values thanks to a 24.2% increase in photovoltaic solar production. This large price difference between sunny hours and nighttime demand peaks makes energy storage increasingly necessary and profitable. In this context, the electricity futures market has also adjusted its prices upwards, driven by low hydraulic production and a daily market that exceeded initial forecasts.