The electricity bill of households covered by the voluntary price for small consumers (PVPC) will be 38% higher in November than in the same month of 2025 and will stand at an average of 71.60 euros, that is, an additional 19.69 euros, according to the calculations of the energy comparator Hello Watt for a typical home with a contracted power of 4.40 kilowatts (kW).
This surge will take the November bill to the highest level in the last four years. The increase will occur even though slightly milder-than-normal temperatures are expected, which will allow households to reduce electricity use compared with November 2025.
According to the comparator’s forecasts, an average household will consume around 206 kWh in November, 4% less than in the same month of the previous year. Nevertheless, the PVPC energy term will be around 0.215 euros per kWh, compared with 0.135 euros a year ago, which implies an increase of close to 58%.
Along these lines, Hello Watt calculates that identical consumption to that of November 2025 would translate into a 42% increase in the bill, up to 73.75 euros.
With the arrival of cold weather and the greater use of heating and lighting, average electricity consumption in households will rise from 179 kWh in October to 206 kWh in November, which represents an increase of close to 15%.
November begins without tax relief on the bill
In November, consumers will also not have a reduction in VAT or in the special electricity tax. The reason is that the electricity CPI for September recorded a year-on-year increase of 11.4%, below the 15% threshold set to trigger these tax reductions.
The general director of Hello Watt, Danny Salazar, explains that no tax relief is also expected in December, as he estimates that the electricity CPI for October will stand at around 10%, still far from the 15% required to apply the reduction.
The impact of the price increase will not be the same throughout the country. Mérida stands at the top, with an estimated increase of 26.54 euros on the bill, ahead of Palma (25.69 euros), Sevilla (24.74 euros), Málaga (24.53 euros) and Córdoba (23.86 euros).
On the opposite side, cities such as Cuenca, Ávila, León, Soria or Santander will bear the most contained increases, around 15 euros, according to Hello Watt’s projections.
The wholesale market becomes more expensive due to the rise in gas
On the other hand, the electricity demand aggregator in Spain, the ASE group, has released a report in which it estimates that the daily average price of the wholesale electricity market in October stood at 166.66 euros per megawatt hour, driven largely by the increase in the price of gas.
Specifically, the price of gas reached a peak of 99.38 euros/MWh on October 24, more than triple that of a year earlier, in a context of tensions in the Strait of Hormuz.
With this scenario, the pool increased by 16.34% compared with September and by 119.9% compared with October 2025, marking its highest monthly record since September 2022.
The geopolitical tension in the Middle East, the limitations on the supply of liquefied natural gas through the Strait of Hormuz, and the proximity of winter have put upward pressure on the cost of gas, according to ASE.