The average price of electricity on Thursday, May 7, 2026 for consumers with a regulated or indexed tariff in the free market, rises slightly to 143.25 euros per megawatt hour (euros/MWh), according to data published by Red Eléctrica. Electricity is paid at 0.19 euros more than this Wednesday in which the price was 143.06 eurosthat is, it has risen 0.14%.
It must be taken into account that these values refer to the PVPC (Voluntary Price for Small Consumers), and differ from the prices published by the Operator of the Iberian Energy Market (OMIE) for the wholesale marketa in that they include other concepts such as taxes and tolls.
The price of electricity this Thursday, May 7, rises and there will be no section below 15 euros
The price of electricity today, Wednesday, May 6, 2026: the cheapest and most expensive hours within the PVPC
When is electricity cheaper today, Thursday, May 7?
The cheapest hour of electricity is between 2:00 p.m. and 3:00 p.m. at a price of 49.08 euros, being the only part of the day below 50 euros.
What time is electricity most expensive?
The maximum peak of the light is from 9:00 p.m. to 10:00 p.m. with a price of 270.08 euros, a value that despite the increase does not exceed 300 euros as happened on Wednesday.
Price of electricity per hour Thursday, May 7
Although the increase is slight, turning on appliances is more expensive, and it is advisable to check the most economical times of the day to save on the bill. The following list shows the PVPC hour by hour for Thursday, May 7, 2026.
- 00:00 to 01:00: 141.95 euros/MWh
- 01:00 to 02:00: 134.11 euros/MWh
- 02:00 to 03:00: 127.10 euros/MWh
- 03:00 to 04:00: 122.44 euros/MWh
- 04:00 to 05:00: 121.93 euros/MWh
- 05:00 to 06:00: 129.49 euros/MWh
- 06:00 to 07:00: 145.47 euros/MWh
- 07:00 to 08:00: 162.14 euros/MWh
- 08:00 to 09:00: 171.38 euros/MWh
- 09:00 to 10:00: 133.02 euros/MWh
- 10:00 to 11:00: 155.40 euros/MWh
- 11:00 to 12:00: 123.47 euros/MWh
- 12:00 to 13:00: 118.70 euros/MWh
- 1:00 p.m. to 2:00 p.m.: 118.38 euros/MWh
- 14:00 to 15:00: 49.08 euros/MWh
- 15:00 to 16:00: 50.57 euros/MWh
- 16:00 to 17:00: 54.82 euros/MWh
- 17:00 to 18:00: 77.81 euros/MWh
- 18:00 to 19:00: 176.26 euros/MWh
- 19:00 to 20:00: 213.33 euros/MWh
- 20:00 to 21:00: 251.87 euros/MWh
- 21:00 to 22:00: 270.08 euros/MWh
- 22:00 to 23:00: 206.37 euros/MWh
- 23:00 to 24:00: 182.94 euros/MWh
How the conflict in the Middle East affects the electricity bill
The conflict in the Middle East is generating strong tension in international energy markets, especially in the price of gas and oil. Although Spain does not directly depend on this region for its energy supply, the gas market is global and any threat to strategic routes, such as the Strait of Hormuz or the Red Sea, causes immediate increases in prices due to fear of supply problems.
This increase in the price of gas ends up having an impact on the price of electricity in Spain, especially for households covered by the regulated PVPC tariff. Combined cycle plants, which use natural gas to produce electricity, usually come into operation when renewable energy does not generate enough energy to meet demand.
Furthermore, the marginalist system of the electricity market means that the final price of electricity is set by the most expensive technology necessary at any given time. Therefore, when gas prices rise, the production cost of these plants also increases and, consequently, the price of electricity and the bill that consumers pay skyrocket.