Spain has one of the cheapest wholesale prices in Europe

Average hourly day-ahead price by quarter (€/MWh)
Source: ESIOS, Nord Pool, Modo Energy • Get the data behind this chart
Note: Each dot is one realised quarter, Q3 2023 to Q2 2026 (GB converted at €1.17/£; Italy is the unweighted average of its seven bidding zones), with their average dashed in grey; the solid coloured line averages the Q3 2026 to Q2 2029 forecast from Modo Energy's Jul-26 Central run.
MODOENERGY