Electricity price per kWh in Spain in 2026: PVPC, network charges and taxes
How much does a kWh of electricity cost in Spain in 2026? It depends on which price you look at. We break down the PVPC month by month, the regulated tolls and charges and the taxes, and work through a real bill to see the all-in price per kWh.
There is no single price per kWh
"The price of electricity" in Spain can mean different things: the wholesale price OMIE publishes every day, the energy price in the regulated tariff (PVPC), the fixed price of a free-market offer, or what you end up paying per kWh with taxes included. This guide separates each piece using official 2026 data.
Regulated tariff (PVPC) price in 2026
Average monthly PVPC 2.0TD energy price, calculated by UtilXter from Red Eléctrica's official hourly data (ESIOS). It includes the per-kWh part of network tolls and charges, but not the power term, taxes or meter rental:
| Month (2026) | €/kWh |
|---|---|
| January | 0.139 |
| February | 0.117 |
| March | 0.138 |
| April | 0.123 |
| May | 0.121 |
| June | 0.129 |
| July | 0.161 |
| August | 0.167 |
| September | 0.184 |
| October (1–29) | 0.198 |
The average so far in 2026 is €0.148/kWh, against €0.136/kWh in 2025. The rise since July comes from the wholesale market: OMIE's average Spanish price was €65.28/MWh in 2025 but reached €143/MWh in September and €163/MWh in October 2026.
Since 2024 the PVPC no longer depends only on the daily price. Under Royal Decree 446/2023, in 2026 55% of the energy price is set with futures markets (10% monthly, 36% quarterly and 54% annual products) and only 45% with the daily price. That is why the PVPC rises less than the wholesale market in a spike: it currently takes about €50–60/MWh off the increase.
Network tolls and charges 2026: the regulated part
Every tariff, regulated or free-market, includes the tolls set by the CNMC (resolution of 18 December 2025) and the charges set by the government (Order TED/1524/2025). For the household tariff 2.0TD:
| Item | Tolls | Charges | Total |
|---|---|---|---|
| Energy, peak P1 (€/kWh) | 0.033261 | 0.064292 | 0.097553 |
| Energy, mid P2 (€/kWh) | 0.016409 | 0.012858 | 0.029267 |
| Energy, off-peak P3 (€/kWh) | 0.000077 | 0.003215 | 0.003292 |
| Power P1 (€/kW per year) | 23.324952 | 4.379461 | 27.704413 |
| Power P2 (€/kW per year) | 0.443770 | 0.281653 | 0.725423 |
The time bands follow CNMC Circular 3/2020: peak 10:00–14:00 and 18:00–22:00; mid 8:00–10:00, 14:00–18:00 and 22:00–24:00; and off-peak 0:00–8:00 plus all hours at weekends, on 6 January and on national holidays. Tolls and charges alone make a peak kWh about 9 cents dearer than an off-peak one.
Taxes on electricity in 2026
- Electricity tax: 5.11269632% on energy and power. It was cut to 0.5% from 22 March to 31 May 2026 (Royal Decree-law 7/2026).
- VAT: 21%. It was cut to 10% in the same period for contracts up to 10 kW and returned to 21% on 1 June.
- November: Royal Decree-law 25/2026 cuts taxes again if electricity CPI rises more than 15% year on year. In September it rose 11.4%, below the threshold, so November keeps 21% VAT and the 5.11% tax. December depends on the October figure, which the statistics office (INE) publishes in mid-November.
- Meter rental: about €0.81 a month plus VAT.
Example: a 300 kWh PVPC bill in October 2026
Contracted power of 4.4 kW and a 30-day bill:
- Power term (tolls and charges): 4.4 kW × 30 days × €0.077889/kW·day = €10.28
- Energy: 300 kWh × €0.198/kWh = €59.40
- Electricity tax (5.11%): €3.56
- Meter rental: €0.81
- VAT (21%): €15.55
Total: about €89.61, or €0.299 per kWh all-in. At June's price (€0.129/kWh) the same bill would have been about €63.28 (€0.211/kWh). The example leaves out the PVPC supplier margin on the power term, which adds a little more.
What does an average household pay?
According to the CNMC, the average PVPC consumer paid 20.65 cents per kWh in 2025 before taxes and meter rental. With taxes, consumer group Facua calculates that a typical user (4.4 kW and 4,392 kWh a year) paid €975.88 in 2025, about €0.222/kWh. In September 2026 its reference bill was €104.31.
On the free market, the fixed-price offers shown by the CNMC comparison tool in early October ranged from about €0.117/kWh (promotions) to about €0.169/kWh for a single 24-hour price, plus the power term and taxes. With the PVPC at its highest level of the year, it is a good time to compare.
Social bonus (bono social) 2026
Bono social discounts are 42.5% for vulnerable consumers and 57.5% for severely vulnerable consumers throughout 2026 (Royal Decree-law 7/2026). The permanent discounts in the rules are 35% and 50%. The bono social is only available on the PVPC.
PVPC or free market? Enter your real consumption and compare the offers you have.
Electricity tariff comparator