Electricity Prices in Spain Drop After June Surge

Electricity prices in Spain have begun to decline after a sharp rise at the start of June. According to data from the Iberian Energy Market Operator, the average price per megawatt hour fell to 51.

08 euros on June 2, marking a 26. 7 percent decrease from the previous day's 69.

68 euros/MWh. The most expensive hours of the day were recorded during the early morning window between midnight and 3 a.

m. , when prices surged above 100 euros/MWh.

Rates also remained above 90 euros/MWh between 3 a. m.

and 8 a. m.

, as well as from 9 p. m.

to 11 p. m.

Consumers welcomed the drop after facing higher costs on the first day of June.