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Spain’s Power Price Plunges to €5.15/MWh Wednesday With Steep Night Peaks

Households can cut bills by shifting use to the cheapest early‑morning hours.

Overview

  • OMIE set the average wholesale price at €5.15 per MWh for Wednesday, a 31.75% drop from Tuesday’s €7.55.
  • Prices are about 91.21% lower than a year ago, compared with €58.60 per MWh on April 1, 2025.
  • In Extremadura, official records show a daily low near €0.07933 per kWh before 8:00 and a spike to €0.19992 between 21:00 and 22:00.
  • Wholesale figures are in euros per megawatt‑hour while household bills track euros per kilowatt‑hour, and retail hours add grid fees and taxes that can push peaks far above the daily wholesale average.
  • The swing means running washers, dryers, and EV charging in the early morning or the midday lull can save money, while the 21:00–22:00 slot is the costliest window.