Business · Energy & Commodities · 16 hrs ago
Spain's regulated electricity bill hits a four-year high in October
A typical household on Spain's regulated tariff faced an electricity bill of more than €80 in October, the highest in four years.
The estimate assumes a home with 4.4 kilowatts of contracted power and a set monthly pattern of electricity use.
The bill was 8% higher than in September and 29% above October a year earlier.
The main driver was the cost of energy, which rose to about €42 for the month, from about €30 a year earlier.
Spain's wholesale electricity price averaged €165 per megawatt hour in October, as higher gas prices and geopolitical uncertainty added pressure to energy markets.
Since 2024, the regulated tariff has been linked to both daily wholesale prices and a basket of futures prices; these account for 45% and 55% of its price, respectively.
The October bill remained below the record €123 paid by a similar household in March 2022, and the sources give no further forecast.
Spain’s regulated electricity bill for a typical consumer exceeded €80 in October, its highest level in four years.
The bill was 8% higher than in September, 29% higher than a year earlier and 41% above the average for the previous three Octobers.
The rise was driven mainly by higher energy costs, with the wholesale electricity market averaging €165 per megawatt hour in October.
The bill remained below the record €123 paid by a typical consumer in March 2022.
- Who
- Consumers on Spain’s regulated electricity tariff, known as PVPC.
- What
- The bill for a typical consumer exceeded €80 in October, reaching its highest level in four years.
- When
- October 2026; the bill calculation included charges through 30 October.
- Where
- Spain.
- Why
- Energy costs increased, with higher wholesale electricity prices and rising gas prices contributing to the bill.
This story does not have two clearly opposing sides.
The wholesale electricity market averaged €165 per megawatt hour, its highest monthly level in four years.
The wholesale electricity price reached €231.02 per megawatt hour, a new annual high.
The wholesale electricity price reached €244.69 per megawatt hour, breaking the annual record for a second consecutive session.
- Typical regulated bill
- More than €80 in October
- Change from September
- 8% increase
- Wholesale electricity price
- €165 per megawatt hour on average in October
- Energy cost in bill
- About €42 over the five weeks, up from about €30 in October the previous year
- Record bill in 2022
- €123 in March