MARKETS 2025
Average final price
Information based on provisional data as of January 2026
The final average electricity price was 9.4% higher than the previous year.
During 2025, the final energy price in the electricity market (reference supply plus free contracting) was 3.2% higher than the previous year.
The average final energy price on the electricity market stood at €83.45/MWh in 2025, 9.4% higher than in 2024.
Components of the average final price of peninsular final energy. (Reference supply + free)
Price (€/MWh): Calculations made with the latest available settlements from the System Operator.
PDBF: Daily base operating schedule.
Secondary control range and RAD: From 1 November 2022, the 'Reserve' component includes the cost of the power allocated in the active demand response service. The 'RAD Service' component corresponds to the income from demand participating in the service.
Final energy: It includes the closure of the energy market and the consumption of ancillary generation services.
A month-on-month comparison shows that prices were often higher than in the same months of the previous year, except for May, August, September, November, and December.
Evolution of the components of the average final price of energy in the electricity market
The share of the day-ahead and intraday market component declined again this year, falling to 80.9% from 84.8% in 2024. One has to go back to 2014 to find a percentage this low. The share of ancillary services increased to 18.9%, up from 14.9% last year. The share of capacity payments accounts for only 0.2%, compared to 0.3% last year.
Comparing the impact of the price on demand served with that of last year, the impact of the day-ahead and intraday market price increased by slightly more than 4% (as the wholesale price has risen), the impact of ancillary services increased by 40%, and the impact of capacity payments decreased by almost 14%.
Components of the average final price of energy
Electricity markets
Voluntary price for small consumers
Electricity markets
Day-ahead market