What is the Indexed Electricity Tariff?

An index-linked electricity tariff in Spain is a type of contract in which the price of electricity varies according to prices on the wholesale energy market (electricity pool). Unlike a fixed-rate tariff, where the cost per kWh remains constant, with an index-linked tariff the customer pays the actual price at which the electricity is purchased at any given time. This means that prices can change every hour and are influenced by factors such as supply, demand and generation costs.

Energy tolls: What are they and how do they work?

Under an index-linked energy tariff, the price paid by the customer comprises several components, including the cost of electricity on the wholesale market and access charges. These charges, which have been in force since June 2021, are regulated tariffs set by the Government to cover the costs of electricity transmission and distribution, and apply to all energy contracts, whether index-linked or fixed-rate.

En el caso de una tarifa indexada, estos peajes también están sujetos a las variaciones horarias establecidas por el sistema de tarifas reguladas (como el PVPC, Precio Voluntario para el Pequeño Consumidor). Esto significa que el coste total de la electricidad refleja no solo las fluctuaciones del mercado mayorista, sino también los cambios en los peajes según las franjas horarias.

The relationship between the index-linked tariff and tolls is therefore direct: tolls are a component added to the final price paid by the consumer and, as they also vary by the hour, they encourage consumption during cheaper, off-peak hours.

Off-peak period (lowest price): Monday to Friday, from midnight to 8.00 am. Saturdays, Sundays and National Holidays all day long.

Flat Period (Moderate Price): Monday to Friday (excluding public holidays), with morning hours from 08:00 to 10:00, afternoon hours from 14:00 to 18:00 and evening hours from 22:00 to 00:00.

Peak period (highest price): Monday to Friday (excluding public holidays), mornings from 10:00 to 14:00 and evenings from 18:00 to 22:00.

When is it advisable to consume your energy if you do not have a fixed price?

If you have an indexed tariff contract, it will be convenient for you to adapt your consumption to the most economically priced tolls, and you can maximize your savings by consuming during daylight hours, when renewable generation is higher and, therefore, the cost of energy on the wholesale market is lower. A good example of savings would be to carry out the most energy-demanding consumptions, such as laundry, on weekends between 11 am and 6 pm.

The following table shows the energy prices applicable to TARIFAS 2.0TD PVPC

Tuesday, 5 de May de 2026

Average price per day: 0.13753 €/kWh

Lowest price 0.04725 €/kWh (Around 16:00)

Highest priceo: 0.26067 €/kWh (Around 21:00)

MorningAfternoonNight
08:000.17925 €/kWh
09:000.12586 €/kWh
10:000.13778 €/kWh
11:000.11778 €/kWh
12:000.11744 €/kWh
13:000.11688 €/kWh
14:000.04808 €/kWh
15:000.04729 €/kWh
16:000.04725 €/kWh
17:000.05028 €/kWh
18:000.1369 €/kWh
19:000.19658 €/kWh
20:000.24032 €/kWh
21:000.26067 €/kWh
22:000.19096 €/kWh
23:000.17221 €/kWh
00:000.13832 €/kWh
01:000.13353 €/kWh
02:000.13117 €/kWh
03:000.13134 €/kWh
04:000.1318 €/kWh
05:000.13363 €/kWh
06:000.14567 €/kWh
07:000.16975 €/kWh
Morning
Hora: 08:00
Precio: 0.17925 €/kWh
Hora: 09:00
Precio: 0.12586 €/kWh
Hora: 10:00
Precio: 0.13778 €/kWh
Hora: 11:00
Precio: 0.11778 €/kWh
Hora: 12:00
Precio: 0.11744 €/kWh
Hora: 13:00
Precio: 0.11688 €/kWh
Hora: 14:00
Precio: 0.04808 €/kWh
Hora: 15:00
Precio: 0.04729 €/kWh
Afternoon
Hora: 16:00
Precio: 0.04725 €/kWh
Hora: 17:00
Precio: 0.05028 €/kWh
Hora: 18:00
Precio: 0.1369 €/kWh
Hora: 19:00
Precio: 0.19658 €/kWh
Hora: 20:00
Precio: 0.24032 €/kWh
Hora: 21:00
Precio: 0.26067 €/kWh
Hora: 22:00
Precio: 0.19096 €/kWh
Hora: 23:00
Precio: 0.17221 €/kWh
Night
Hora: 00:00
Precio: 0.13832 €/kWh
Hora: 01:00
Precio: 0.13353 €/kWh
Hora: 02:00
Precio: 0.13117 €/kWh
Hora: 03:00
Precio: 0.13134 €/kWh
Hora: 04:00
Precio: 0.1318 €/kWh
Hora: 05:00
Precio: 0.13363 €/kWh
Hora: 06:00
Precio: 0.14567 €/kWh
Hora: 07:00
Precio: 0.16975 €/kWh

The price of electricity, month by month

From January 2024 to mayo 2026

  • Average price for the year: 0.1317 €/kWh
  • Lowest price of the year: 0.01954 €/kWh
    El 2024-09-07
  • Highest price of the year: 0.42315 €/kWh
    El 2025-01-01

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