Electricity prices in Spain have fallen by 75% since 2019 due to wind and solar expansion.
EconomySpain
- Error detected
- The speaker confuses the reduction of the influence of fossil fuel generators on the price (75%) with the actual reduction in the price of electricity.
The actual price of electricity has not fallen by 75% since 2019; the correct figure refers to a technical market indicator (reduction of the 'fossil margin').
- Omissions
- The 75% figure refers specifically to the reduction of the influence of fossil fuel generators on the price of electricity (the 'fossil margin'), not to the actual reduction in the price paid by consumers or businesses.
- According to data from the Bank of Spain, the wholesale price of electricity would have been approximately 40% higher without the growth of renewables, which suggests an actual price reduction of around 28-30%, not 75%.
- Retail prices include taxes, tolls and other regulated charges that have not necessarily decreased in the same proportion.
- The source of the 75% figure (Ember/Climate Catalyst) was published on March 11, 2026, one day after the parliamentary session, although the data refers to the period 2019-2025.