It’s kind of hard to judge considering the whiplash from Europe moving away from Russia.

Checkout the cost over time here (and set it to the 10 years view): https://tradingeconomics.com/spain/electricity-price

It’s cheaper now than 10 years ago, but the Russian invasion made everything way more volatile.

As I understand it, Spanish generation is cheap but its grid is outdated, so it’ll continue like that until more of the grid is switched out.

Producing the energy has become cheaper. Delivering however… and costs for maintaining the grid will only go up after the blackout from last year