A Monday of Record Lows and the Key to Saving

Light in Spain: A Monday of Record Lows and the Key to Savings

The wholesale price of electricity marks a milestone, when and how to take advantage of the lowest rates?

The Spanish electricity market closes a week with figures that invite reflection. After a 2022 marked by volatility and historical records, the price of electricity seems to have found some respite, reaching annual lows. This Monday, February 9, 2026, the megawatt hour (MWh) is quoted at an average price of only €12.82/MWh, a figure that contrasts drastically with the turbulence of the past.

The implementation of the “gas cap” mechanism has proven to be an effective tool to moderate energy costs. This measure, agreed upon at the European level, seeks to decouple the price of gas from the rest of electricity, offering tangible relief to consumers, especially those covered by the regulated tariff or Voluntary Price for Small Consumers (PVPC).

Today presents a unique opportunity to optimize consumption. The moment of greatest savings is concentrated in the time slot between 00:00 and 01:00, when the price of the kilowatt hour (kWh) reaches its lowest point, registering a value of €0.0666/kWh. Taking advantage of these hours for high-consumption activities, such as charging electric vehicles or using high-demand appliances, can make a notable difference in your monthly bill.

On the contrary, the price peak will be recorded between 7:00 p.m. and 8:00 p.m., when the cost per kWh will skyrocket to €0.2600. Being aware of these fluctuations is the first step to intelligent energy management and considerable savings.

Data broken down by hour reveals a clear pattern: late night and early morning hours are the cheapest. This is due to lower overall demand, which allows renewable energies, with lower marginal production costs, to play a greater role in supply coverage.

The average daily price stands at €0.078/kWh, a figure that, although favorable, is eclipsed by the lowest rates available during the early hours of the morning. The difference between the minimum and maximum price of the day is considerable, underlining the importance of planning and adapting consumption to the hours of lowest cost.

The price escalation that has affected Europe in recent times is attributed to a complex network of factors. The rise in the price of gas in international markets is one of the main drivers, since this fossil fuel plays a crucial role in determining the price of the electricity market, especially in combined cycle plants. Added to this is the rise in carbon dioxide (CO2) emission rights, which increases production costs for plants that emit greenhouse gases.

The energy policy agreed upon by European partners after the turbulent 2022 has been essential to try to stabilize the market. The objective is to guarantee a secure and affordable supply, while advancing the transition towards a more sustainable energy model that is less dependent on volatile fossil fuels.

For those who wish to delve deeper into the management of their electricity consumption and find the best savings strategies, there is a community willing to share knowledge and experiences. Join us on Telegram and be part of the conversation: https://t.me/casino_gurus

FAQ:

Ask: What is the average price of electricity today, Monday, February 9, 2026?

Answer: The average price of electricity today is €12.82/MWh.

Ask: In what time zone can you save the most on your electricity bill?

Answer: The most economical time slot is between 00:00 and 01:00.

Ask: What is the lowest price per kWh today?

Answer: The lowest price per kWh today is €0.0666/kWh.

Ask: What is the highest price per kWh today?

Answer: The highest price per kWh today is €0.2600/kWh.

Ask: What measure has helped reduce the price of daily MWh?

Answer: The “gas cap” has contributed to reducing the price of the daily MWh.

Ask: What factors affect the escalation of electricity prices in Europe?