The beginning of the week begins with a significant increase in the price of electricity, which will affect consumers with a rate within the Voluntary Price for Small Consumers (PVPC) or with an indexed rate in the free market. The average price of electricity for this Monday, March 16, 2026, plummets to 37.18 euros per megawatt hour (euros/MWh).
With this price, electricity once again rises by 477.36% euros, since this Sunday electricity was set at 6.44 euros/MWh, according to data published by the Iberian Energy Market Operator (OMIE).
When is electricity most expensive this Monday?
The highest price of the day is recorded from 8:00 p.m. to 9:00 p.m., with 190.23 euros/MWh, also being the most expensive hour of the entire day. Along with it, the slots from 7:00 p.m. to 8:00 p.m., with 172.71 euros/MWh, and from 9:00 p.m. to 10:00 p.m., with 159.44 euros/MWh, also stand out for their high cost. In this sense, the most damaging period for the pocket is concentrated between 7:00 p.m. and 11:00 p.m.
What time is electricity cheaper this Monday?
The cheapest time of the day will be from 12:00 to 1:00 p.m., with -1.76 euros/MWh. The slots from 1:00 p.m. to 2:00 p.m., with -1.50 euros/MWh, and from 11:00 a.m. to 12:00 p.m., with -1.13 euros/MWh, also stand out for their low prices. Therefore, the best time to use high-consumption appliances will be between 10:00 a.m. and 5:00 p.m., especially at midday.
Hourly electricity price, Monday, March 16, 2026
This Monday, March 16, 2026, the light leaves one of those days marked by a strong contrast between the center of day and night. While daytime hours allow savings by registering negative prices, the cost shoots up sharply after 7:00 p.m., touching 190 euros/MWh at the worst time of the day. Therefore, those who want to reduce the impact on the bill should concentrate consumption between mid-morning and afternoon, especially avoiding the period between 7:00 p.m. and 11:00 p.m.
- 00:00 to 01:00: 6.84 euros/MWh
- 01:00 to 02:00: 6.66 euros/MWh
- 02:00 to 03:00: 5.44 euros/MWh
- 03:00 to 04:00: 4.91 euros/MWh
- 04:00 to 05:00: 4.82 euros/MWh
- 05:00 to 06:00: 5.70 euros/MWh
- 06:00 to 07:00: 12.93 euros/MWh
- 07:00 to 08:00: 30.33 euros/MWh
- 08:00 to 09:00: 13.77 euros/MWh
- 09:00 to 10:00: 0.81 euros/MWh
- 10:00 to 11:00: -0.62 euros/MWh
- 11:00 to 12:00: -1.13 euros/MWh
- 12:00 to 13:00: -1.76 euros/MWh
- 1:00 p.m. to 2:00 p.m.: -1.50 euros/MWh
- 14:00 to 15:00: -1.00 euros/MWh
- 15:00 to 16:00: -0.91 euros/MWh
- 16:00 to 17:00: -0.42 euros/MWh
- 17:00 to 18:00: 3.67 euros/MWh
- 18:00 to 19:00: 60.39 euros/MWh
- 19:00 to 20:00: 172.71 euros/MWh
- 20:00 to 21:00: 190.23 euros/MWh
- 21:00 to 22:00: 159.44 euros/MWh
- 22:00 to 23:00: 124.26 euros/MWh
- 23:00 to 24:00: 96.79 euros/MWh
Evolution of the price of electricity during the first 16 days of March
During the first 16 days of March, the average price of electricity has been 58.77 euros/MWh. This means that, on average, electricity is now 13.38 euros cheaper than just a year ago, when the average price was 72.15 euros/MWh.
Compared to a year ago, today electricity is 86.83% cheaper, that is, 23.40 euros less, since the March 16, 2025 The pool price was set at 60.58 euros/MWh.
| Date | 2025 | 2026 | Difference in euros/MWh |
|---|---|---|---|
| March 1 | 65.83 | 15.00 | -50.83 |
| March 2 | 65.56 | 18.36 | -47.20 |
| March 3 | 96.99 | 28.43 | -68.56 |
| March 4 | 96.44 | 56.51 | -39.93 |
| March 5 | 78.88 | 90.14 | +11.26 |
| March 6 | 78.06 | 63.24 | -14.82 |
| March 7 | 49.07 | 62.57 | +13.50 |
| March 8 | 15.22 | 78.69 | +63.47 |
| March 9 | 46.51 | 119.42 | +72.91 |
| March 10 | 92.99 | 136.86 | +43.87 |
| March 11 | 96.94 | 104.03 | +7.09 |
| March 12 | 93.06 | 71.20 | -21.86 |
| March 13 | 111.73 | 37.89 | -73.84 |
| March 14 | 57.68 | 14.39 | -43.29 |
| March 15 | 48.89 | 6.44 | -42.45 |
| March 16 | 60.58 | 37.18 | -23.40 |