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Weekly Spanish Energy Market Update

Week Ending 17 December 2023

Prices

Average Day-Ahead price was €71.3/MWh, from €68.21/MWh last week. Price peaked at €123.57/MWh on Monday 11th December at 18:00.

Average System Price Positive was €33.79/MWh, whilst average System Price Negative was €80.84/MWh.

Generation and Demand

Total demand was 4670GWh, with an average hourly demand of 27.8GW, and a 34.59GW peak.

Wind 9.58GW, Nuclear 6.85GW, Hydro 5.15GW, were the largest contributors. Interconnectors had an net export of -1.99 GW on average this week.

Total Generation by Fuel Type

Wind: 1609.5GWh
Nuclear: 1151.2GWh
Hydro: 864.9GWh
Gas: 526.7GWh
Solar PV: 457.6GWh
Cogen & Waste: 249.7GWh
Other RES: 65.6GWh
Coal: 40.2GWh
Solar TH: 28.2GWh
Interc: -334.3GWh

Interconnectors’ flows

Net physical flow with France was: -213GWh. Total of energy exported was 291GWh, whilst energy imported was 78GWh.

Net physical flow with Portugal was: 238GWh. Total of energy exported was 15GWh, whilst energy imported was 254GWh.

Overall, net physical flow was: -334GWh. Largest hourly import was 4.17GW, on Sunday 17th December at 20:00. Largest hourly export was 6.4GW, on Thursday 14th December at 12:00.

 

Meet the Team

We have a dedicated team to cover the Iberian Market, MIBEL. Please contact them if you would like to get more insight about the Spanish market.

Milton Ceron
Milton Cerón
Energy Analyst
milton.ceron@enappsys.com

 

Week Ending 10 December 2023

Prices

Average Day-Ahead price was €68.21/MWh, from €94.04/MWh last week. Price peaked at €147.47/MWh on Tuesday 5th December at 18:00.

Average System Price Positive was €50.67/MWh, whilst average System Price Negative was €88.2/MWh.

Generation and Demand

Total demand was 4445GWh, with an average hourly demand of 26.46GW, and a 34.67GW peak.

Wind 9.51GW, Nuclear 6.05GW, Hydro 5.16GW, were the largest contributors. Interconnectors had a net export of -1.78 GW on average this week.

Total Generation by Fuel Type

Wind: 1598.5GWh
Nuclear: 1016.5GWh
Hydro: 866.5GWh
Gas: 659.9GWh
Solar PV: 274.2GWh
Cogen & Waste: 240.1GWh
Other RES: 55.9GWh
Coal: 54.6GWh
Solar TH: 6GWh
Interc: -298.5GWh

Interconnectors’ flows

Net physical flow with France was: -276GWh. Total of energy exported was 293GWh, whilst energy imported was 17GWh.

Net physical flow with Portugal was: -23GWh. Total of energy exported was 116GWh, whilst energy imported was 94GWh.

Overall, net physical flow was: -298GWh. Largest hourly import was 3.3GW, on Tuesday 5th December at 21:00. Largest hourly export was 5.76GW, on Friday 8th December at 15:00.

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