Electricity and Water in Spain: What Are the Costs?

Financial

Introduction

Electricity and water prices are an important topic for anyone living in Spain or planning to move there. Whether you own a holiday home, are emigrating, or are working as an expat in Spain, understanding the costs and structure of these utilities is crucial. In this blog, you can read all about electricity and water prices in Spain, how they are calculated, and useful tips to save money.

Average electricity costs

Electricity prices in Spain have been rising in recent years. In 2024, the average cost will be between €0.25 and €0.35 per kWh. This means that an average household with a monthly consumption of 350 kWh will pay between €87.50 and €122.50.

Factors that influence electricity costs

Number of residents: The more people in a household, the higher the electricity consumption and the associated costs.

Time of consumption: Spain uses a peak and off-peak tariff system. Electricity is more expensive during peak hours (usually from 10:00 to 14:00 and from 18:00 to 22:00) and cheaper during off-peak hours (mainly at night and in the weekend). If you have solar panels, it is best to consume during the day.

Type of contract: You can choose between a fixed or variable rate. With a fixed rate, you pay a constant price per kWh, while variable rates fluctuate with market prices.

Popular electricity suppliers in Spain

Here are some of the largest energy suppliers:

Iberdrola: Popular for flexible rates and sustainable energy options.

Endesa: Known for its wide range of fixed and variable contracts.

Tip

Use online comparison sites to find the best rates.

Electricity and water saving tips in Spain

Save electricity

Use energy-efficient appliances with an A+++ energy label.
Replace incandescent light bulbs with LED lighting, which uses up to 80% less energy.
Consider installing solar panels to make the most of the Spanish sun.
Schedule the use of appliances such as washing machines and dishwashers during off-peak hours.

Save water

Check for leaks regularly, as a dripping tap can waste hundreds of litres a year.
Reuse water, such as vegetable rinsing water, to water plants.
Take a shower instead of a bath; this will significantly reduce consumption.

Water costs in Spain

Average water costs

Water prices vary greatly by region. On average, you pay between €20 and €50 per month. In large cities such as Madrid and Barcelona, rates are often higher than in smaller villages or rural areas.

How are water costs calculated?

Basic rate: A fixed amount for the connection to the water network.
Variable rate: Costs per cubic meter (m³) of water. With higher consumption, rates often increase progressively.
Wastewater levy: Additional costs for the purification and disposal of wastewater.

Main water suppliers in the region

Water supply is usually regulated regionally. Major players are:

Global Omnium (Valencia)
Hydraqua (Alicante)

Please note that each area has its own rates and calculation methods.

How are the bills calculated?

Electricity: The bill consists of a fixed rate, consumption in kWh, taxes (21% VAT), and a special electricity tax (5.1127%).

Water: You pay a fixed basic rate, a variable consumption rate and VAT (currently 10%).

FAQ

Are electricity and water more expensive in Spain than elsewhere in Europe? Electricity is generally cheaper than the European average, water prices are also often lower, depending on the region.
How do I switch to another energy supplier? You can easily switch by contacting the new supplier. They usually arrange everything for you.
Is there a water meter in my home? Yes, most homes in Spain have a water meter that accurately records consumption.

Conclusion

The cost of electricity and water in Spain depends greatly on your location, your consumption and the suppliers you choose. By making smart choices and being aware of your energy and water consumption, you can save considerably. Whether you already live in Spain, stay there regularly or are planning to move, you are now well informed about what to expect.

Also be sure to read our blog about the mandatory energy certificates that are coming.

Do you want to know more or guidance on buying a home in Spain? Contact us and we will be happy to help you!

Share this article

Introduction

Related blogs

Calculating a Mortgage in Spain: Everything You Need to Know

The Energy Performance Certificate in Spain

New European legislation on energy certificates