Spain’s renewables revolution will keep energy bills low even as gas prices soar https://www.euronews.com/2026/03/11/spains-renewables-revolution-likely-to-keep-energy-bills-low-even-as-gas-prices-soar
Spain could be the only EU country to beat energy price hikes

Spain spent the last six years investing heavily in wind and solar energy, leading to some of the cheapest power prices in Europe.

euronews
@ExtinctionR
Of course, but... bills energy are not low in Spain...

@Miedoambiente @ExtinctionR What are you paying for retail electricity in Spain? It's somewhat tricky to find retail prices partly because it appears Spain has time of day pricing.

This suggests it's dirt cheap, at least today (9.68 to 16.44 euro cents/kWh):
- https://uswitch.energy/en/electricity-price-index-spain

Ember's figures suggest 0.23-0.29 EUR/kWh in January, and other sources give a wholesale price of EUR 71.17/MWh for January.

Lets compare that to the UK.

The average wholesale price over the last year is £76.95 (around 90 EUR), but that doesn't have much to do with the retail price for various reasons.

From April to June we will pay 24.67p/kWh, which is around 0.28 EUR/kWh.

So if USwitch's figures are credible, Spain is indeed dirt cheap for electricity, at least today (presumably high winds/solar!). Not necessarily for other forms of energy. If we use Ember's figures it's still typically lower than the UK.

Although I'm not comparing standing charges here. Spain's standing charge is higher than ours for a typical home (about 240 EUR vs 310 EUR), but the standing charge is banded by size (unlike ours).

Electricity Price in Spain Today – Live OMIE Market and Retail Price Index

Track the electricity price in Spain today with live OMIE market data, PVPC trends, and retail price index. Updated every 15 minutes with the latest cost per kWh.

Uswitch Energy Spain

@Miedoambiente @ExtinctionR Okay, so you pay about 0.22 EUR/kWh.

That's slightly less than we pay in the UK, possibly because we burn more gas (28% rather than Spain's 20%).

Thanks. (This is as much because there isn't alt text as an acknowledgment)