Key data
| Regulation | Resolution of 21 October 2026, from the General Directorate of Energy Policy and Mines |
|---|---|
| BOE Publication | 4 November 2026 |
| Entry into force | 21 October 2026 |
| Average energy price (Peh) | 107.62 €/MWh |
| Period of application | Fourth quarter of 2026 (Q4 2026) |
| Reference regulation | Orden ITC/2370/2007, of 26 July |
| Affected parties | Large industrial consumers in the Canary Islands, Balearic Islands, Ceuta and Melilla with interruptibility service |
| Category | Energy |
| Resource | Appeal to the State Secretariat for Energy — deadline of 1 month |
Large industrial consumers located in non-peninsular electrical systems now have the data they need to calculate their fourth quarter remuneration: 107.62 €/MWh. This is the average energy price (Peh) set by the General Directorate of Energy Policy and Mines through Resolution of 21 October 2026, published in the BOE on 4 November 2026.
The price is directly applicable to the calculation of the annual remuneration of the demand management service for interruptibility regulated by the Orden ITC/2370/2007, of 26 July. If your company provides this service in any of the affected non-peninsular territories, this is the key parameter for your quarterly settlement.
What does this regulation establish?
The resolution sets the value of the parameter Peh (average energy price) which is used as an input variable in the formula for calculating the annual remuneration of the demand management service for interruptibility in non-peninsular electrical systems.
The method for calculating Peh combines two price sources with equal weight:
| Component | Weighting | Description |
|---|---|---|
| Arithmetic average of daily market prices for Q3 2026 | 50% | Spot price observed in the third quarter of 2026 |
| Weighted average price of OMIP contracts with delivery in Q4 2026 | 50% | Futures price traded on the OMIP market for the fourth quarter |
The result of this weighting is Peh = 107.62 €/MWh, which is applied to the calculation of remuneration for Q4 2026 under the framework of Orden ITC/2370/2007.
The interruptibility service consists of the industrial consumer agreeing to reduce or interrupt their electrical consumption when the system operator requires it to guarantee network stability. In return, they receive economic remuneration whose amount depends, among other factors, on the Peh set quarterly.
Economic and operational impact
The Peh of 107.62 €/MWh acts as a multiplier in the remuneration formula: the higher the Peh, the greater the economic compensation the industrial consumer receives for their availability to interrupt. This price has been in effect since 21 October 2026, so it affects all Q4 2026 settlements.
From an operational perspective, this data is necessary for:
- Calculating the quarterly remuneration the company will receive for the interruptibility service provided.
- Planning the treasury for Q4 2026, since the amount to be collected depends directly on this parameter.
- Verifying that the settlements issued by the system operator are correct.
- Evaluating the profitability of the interruptibility service against the cost of interrupting production.
If the company believes that the set price is incorrect or that the resolution has not been applied appropriately, it has one month from its publication to file an appeal with the State Secretariat for Energy.
Who does it affect?
This resolution exclusively affects consumers that meet all of these conditions:
- Be large industrial consumers with a high-voltage supply contract.
- Be located in non-peninsular territories: Canary Islands, Balearic Islands, Ceuta or Melilla.
- Have a demand management service contract for interruptibility under Orden ITC/2370/2007.
- Be registered as providers of this service with the corresponding electrical system operator.
It does not affect consumers on the Iberian peninsula, nor domestic consumers or small businesses, nor renewable generation facilities.
Practical example
Imagine an industrial company located in Gran Canaria that provides the interruptibility service and has an interruptible power of 5 MW assigned. Its quarterly remuneration is calculated by applying the formula established in Orden ITC/2370/2007, in which Peh = 107.62 €/MWh is one of the input parameters.
With the Peh set for Q4 2026, the company can now:
- Request its energy manager or advisor to calculate the exact amount of quarterly remuneration using the value 107.62 €/MWh.
- Compare that amount with the actual cost of interrupting its production process during the quarter.
- Decide whether to maintain or review its participation in the service for 2027.
If the company detects that the settlement received from the operator does not match the calculation based on 107.62 €/MWh, it has one month from 4 November 2026 to appeal to the State Secretariat for Energy.
What should companies do now?
- Confirm the Peh value with your energy manager: Communicate that the average energy price for Q4 2026 is 107.62 €/MWh and request the updated calculation of your quarterly remuneration.
- Verify the operator's settlement: When you receive the settlement for the interruptibility service for Q4 2026, check that the Peh of 107.62 €/MWh has been applied and not a different value.
- Evaluate the profitability of the service: With the set price, analyze whether the remuneration you will receive compensates for the operational cost of interrupting your consumption when the system requires it.
- Act within the deadline if there are discrepancies: If you believe that the resolution or its application is incorrect, you have one month from 4 November 2026 to file an appeal with the State Secretariat for Energy.
- Plan for Q1 2027: This price is set quarterly. Monitor the publication of the equivalent resolution for the first quarter of 2027 to anticipate your future remuneration.
Frequently asked questions
What is the average energy price (Peh) for calculating interruptibility in Q4 2026?
The average energy price (Peh) set for the fourth quarter of 2026 is 107.62 €/MWh, according to the Resolution of 21 October 2026 from the General Directorate of Energy Policy and Mines. This value is applied to the calculation of the annual remuneration of the demand management service for interruptibility in non-peninsular electrical systems.
How is the Peh of 107.62 €/MWh calculated for Q4 2026?
The Peh is obtained by weighting at 50% the arithmetic average of daily market prices for Q3 2026 and at 50% the weighted average price of OMIP contracts with delivery in Q4 2026. Both sources have equal weight in the final calculation.
What territories are affected by this interruptibility resolution?
The resolution exclusively affects the electrical systems of non-peninsular territories: Canary Islands, Balearic Islands, Ceuta and Melilla. It does not apply to consumers on the Iberian peninsula.
Can I appeal if I disagree with the set price?
Yes. The resolution can be appealed to the State Secretariat for Energy within one month from its publication in the BOE (4 November 2026). The deadline for appeal therefore expires on 4 December 2026.
How often is the Peh price for interruptibility updated?
The Peh is set quarterly through a resolution from the General Directorate of Energy Policy and Mines. The current resolution covers Q4 2026 (October-December). For Q1 2027, a new resolution will be published with the updated price.
Official source
View complete regulation in official source
Notice: This article is for informational purposes only and does not constitute legal advice. For specific decisions, consult a qualified professional. Source: https://www.boe.es/diario_boe/txt.php?id=BOE-A-2026-23162