Spain electricity prices plunge 22%, favorable slots for consumers

After five consecutive hikes, Spain’s average electricity price fell 21. 7% on May 30, reaching €62.

32 per megawatt hour. The drop was most pronounced during the midnight‑to‑1 am window, easing the steepest cost periods.

Prices still exceed €100/MWh between midnight‑1 am and 9 pm‑midnight. Consumers can cut bills by shifting usage to the cheaper early‑morning and late‑evening slots.

Data from the Iberian Electricity Market Operator confirms that price volatility varies across the day and week.