This post explains the electricity price in Madrid and, therefore, it applies to apartments and houses. It is not intended to be exhaustive, just to show its basic price system.

The most common electricity price in Madrid

In Spain, electricity is one of the most expensive in Europe (as opposed to the price of water, which is one of the cheapest). Therefore, it is convenient to know the price structure.

Many foreign residents do not know how electricity rates work in Spain, they come with other cultures and habits. For example, in the use of air conditioning, which is usually left connected throughout the day, which makes the electricity bill high.

It applies to low voltage supply points with contracted power up to 15kw. Price depends on the time it is consumed. In times of high demand it can be up 3 times more expensive.

The consumption is distributed in three bands: peak (red), valley (blue) and super-valley (green) and in each time band it will have a different price. Consumption in super-valley is the most economical. On Saturdays and Sundays the off- peak rate applies at all times.

electricity price hours distribution

Electricity cost brackets

A good practice is to unplug unnecessary devices if you go on vacation.

More information for owners and investors in Real Estate

We market our stock through B2C, B2B channels, moving agencies, relocation, travel and our own channels with apartment listings for companies and students. We have apartments by days next to the Castellana behind the Intercontinental Hotel and near the Miguel Angel Hotel.  

If you are an investor or owner, we help you maximize the return on your home, but we can help in case you can also be interested into a Permanent Residence by a Property adquisition.