Solar PV cut Spain's wholesale electricity costs by EUR 17.02 billion over eighteen months, industry group estimates
Solar photovoltaic generation reduced Spain's wholesale electricity costs by an estimated EUR 17.02 billion between January 2025 and June 2026, according to Spanish PV association UNEF, as reported by pv magazine.
Without solar output, average day-ahead electricity prices would have been 86% higher, UNEF estimates. The recorded average price stood at EUR 60.2/MWh; absent solar, it would have reached EUR 112/MWh, according to the association.
Utility-scale PV accounted for EUR 14.23 billion of the estimated savings, while residential and commercial self-consumption contributed EUR 2.79 billion, pv magazine reported.
The wholesale cost reductions do not translate directly into equivalent savings on consumers' electricity bills, the report noted.
Source: pv-magazine.com (opens in a new tab)1 sourcePermalink