- The average price of electricity on the Spanish wholesale market hit a historic high of €307.80 per megawatt-hour (MWh) this August, increasing 19.3% compared to July, fresh data from the Iberian Electricity Market Operator (OMIE) revealed.
- Consumers are facing sky-high energy costs despite the implementation of the so-called “Iberian exception”.
- The implementation of the gas price cap for Spain and Portugal approved in March by the EU will.
Electricity prices in Spain hit historic high
