The average price of electricity for this Monday, May 4, 2026 is 142.30 euros per megawatt hour (euros/MWh) for those consumers with a regulated or indexed rate in the free market. This new electricity price has been published by Red Eléctrica. On the first day of the week, therefore, electricity has increased by 46.99%, which will mean paying 45.49 euros more than this Sunday when the average price was 96.81 euros.
This amount is the PVPC (Voluntary Price for Small Consumers) and is different from the one published at midday by the Iberian Energy Market Operator (OMIE) which shows the electricity price in the wholesale market.
The difference is that the PVPC affects consumers with a regulated or indexed rate and is usually higher because it includes taxes such as access tolls, system charges or electrical system adjustment costs.
When is electricity cheaper today, Monday, May 4?
The cheapest hour of electricity will take place from 2:00 p.m. to 3:00 p.m. when it will cost 43.75 euros/MWh. Other good times to turn on the light and appliances without spending a lot appear during the midday and early afternoon periods.
What time is electricity most expensive?
On the contrary, the most expensive hour for electricity is the one that appears from 9:00 p.m. to 10:00 p.m. when it will be paid at 282.16 euros/MWh. It will be necessary to avoid the hours of the afternoon – night.
Hourly electricity price Monday, May 4
To take advantage of the best hours of the day and save on your electricity bill at the end of the month, you will have to take advantage of the times when electricity is cheaper. To do this, you will have to check how much electricity costs 24 hours a day. This is the hourly price of electricity for this Monday, May 4, 2026 if you have a regulated or indexed rate in the free market.
- 00:00 to 01:00: 149.60 euros/MWh
- 01:00 to 02:00: 141.63 euros/MWh
- 02:00 to 03:00: 135.58 euros/MWh
- 03:00 to 04:00: 132.92 euros/MWh
- 04:00 to 05:00: 133.03 euros/MWh
- 05:00 to 06:00: 138.84 euros/MWh
- 06:00 to 07:00: 147.85 euros/MWh
- 07:00 to 08:00: 175.68 euros/MWh
- 08:00 to 09:00: 188.49 euros/MWh
- 09:00 to 10:00: 144.53 euros/MWh
- 10:00 to 11:00: 161.46 euros/MWh
- 11:00 to 12:00: 120.63 euros/MWh
- 12:00 to 13:00: 114.64 euros/MWh
- 1:00 p.m. to 2:00 p.m.: 113.80 euros/MWh
- 2:00 p.m. to 3:00 p.m.: 43.75 euros/MWh
- 15:00 to 16:00: 44.05 euros/MWh
- 16:00 to 17:00: 44.07 euros/MWh
- 17:00 to 18:00: 45.74 euros/MWh
- 18:00 to 19:00: 119.13 euros/MWh
- 19:00 to 20:00: 173.58 euros/MWh
- 20:00 to 21:00: 250.27 euros/MWh
- 21:00 to 22:00: 282.16 euros/MWh
- 22:00 to 23:00: 219.47 euros/MWh
- 23:00 to 24:00: 194.30 euros/MWh
Reduce taxes on electricity
The European Commissioner for Energy and Housing, Dan Jørgensen, has asked the countries of the European Union to reduce taxes on electricity and place them below those on fossil fuels. In addition, it has urged to strengthen support for households in a situation of energy poverty to confront the increase in prices.
During his speech in the European Parliament, Jørgensen highlighted that, although the energy supply in Europe remains stable, there is growing concern about the increase in energy prices, especially following the increase in the price of gas in international markets.
Currently, gas is around 54 euros per megawatt hour, compared to 30 euros before the conflict in the Middle East. This increase directly affects the price of electricity due to the marginalist system, in which the cost of the latest technology commonly used, gas, determines the final price for everyone.
Faced with this situation, the commissioner defended that the long-term solution is to promote our own and more affordable energies, such as renewables and nuclear, although he also stressed the need to adopt immediate measures to mitigate the impact of the price crisis.