Monthly wholesale electricity prices in Spain 2019-2025
The average wholesale electricity price in Spain amounted to 27.44 euros per megawatt-hour in April 2025, a decrease compared to the previous month. The electricity price was higher compared to the same period in the previous year.
Renewable energy dominance
Wind energy has emerged as the leading source of electricity generation in Spain, accounting for over 23 percent of the total in 2024. This shift towards renewables is further evidenced by the country's installed power capacity, which exceeded 129 gigawatts in 2024. Solar photovoltaic leads with 32.4 gigawatts of installed capacity, followed by wind and combined cycle. The growth in renewable energy capacity has been a key factor in shaping Spain's electricity market and influencing price trends.
Consumption patterns and price fluctuations
Despite the increase in renewable energy capacity, electricity consumption in Spain decreased to 248.81 terawatt hours in 2024, up from the previous year. In 2023, the average price of electricity was 99.6 euros per megawatt-hour, a notable decrease from the record high of 204.4 euros per megawatt-hour in 2022. These price movements reflect the complex interplay between supply, demand, and the ongoing transition to renewable energy sources in Spain's electricity market.
