Negative-price tracker · ES

Negative electricity prices in Spain

605.0

negative hours in 2026 (2,420 periods)

-15.00

all-time record €/MWh · May 11, 2025

11.0h

longest negative streak · from May 24, 2025

1,404

negative hours all-time (history to 2015)

Monthly negative hours — last 20 months

2024-07: 30 negative hours (min -1.01 €/MWh) 07 2024 30 2024-08: 4 negative hours (min -0.95 €/MWh) 08 2024-09: 18 negative hours (min -0.79 €/MWh) 09 18 2024-10: 5 negative hours (min -0.01 €/MWh) 10 2025-03: 48 negative hours (min -5.21 €/MWh) 03 48 2025-04: 117 negative hours (min -6.01 €/MWh) 04 117 2025-05: 239 negative hours (min -15.00 €/MWh) 05 239 2025-06: 55 negative hours (min -6.01 €/MWh) 06 55 2025-07: 13 negative hours (min -1.01 €/MWh) 07 13 2025-08: 31 negative hours (min -5.00 €/MWh) 08 31 2025-09: 32 negative hours (min -0.99 €/MWh) 09 32 2025-10: 12.3 negative hours (min -2.64 €/MWh) 10 12 2025-11: 4.3 negative hours (min -0.45 €/MWh) 11 2026-01: 12.5 negative hours (min -0.50 €/MWh) 01 2026 13 2026-02: 130 negative hours (min -4.00 €/MWh) 02 130 2026-03: 121.5 negative hours (min -10.00 €/MWh) 03 122 2026-04: 131.3 negative hours (min -7.51 €/MWh) 04 131 2026-05: 87.3 negative hours (min -3.00 €/MWh) 05 87 2026-06: 88.8 negative hours (min -2.10 €/MWh) 06 89 2026-07: 33.8 negative hours (min -1.43 €/MWh) 07 34

Most negative days on record

DateNegative hoursDeepest price (€/MWh)
2026-02-14 14.3 -4.00
2026-01-31 12.5 -0.50
2026-02-08 12.3 -2.51
2026-02-12 11.5 -1.00
2025-05-24 11.0 -9.70

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Negative prices are an opportunity — if you see them coming.

Our negative-price risk API gives P(price<0) per 15-minute period up to 14 days ahead, Brier-scored publicly. The negative_prices webhook fires seconds after the auction.

Data: ENTSO-E Transparency Platform · SMARD.de, Bundesnetzagentur. Zone-local time (Europe/Madrid). Updated 26 minutes ago.