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Weekly Spanish Energy Market Update

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Week Ending 22 May 2022

Prices

Average Day-Ahead price was €190.5/MWh, from €187.62/MWh last week. Price peaked at €265.88/MWh on Tuesday 17th May at 21:00.

Average System Price Positive was €178.94/MWh, whilst average System Price Negative was €238.96/MWh.

Generation and Demand

Total demand was 4442GWh, with an average hourly demand of 26.44GW, and a 31.89GW peak.

Wind (6.16 GW), gas (5.42 GW) and nuclear (5.06 GW) were the largest contributors. Interconnectors had a net export of 1.24 GW on average this week.

Total Generation by Fuel Type

Wind: 1034.2GWh
Gas: 911.2GWh
Nuclear: 849.8GWh
Solar PV: 709.1GWh
Cogen & Waste: 427.2GWh
Hydro: 381.7GWh
Coal: 119.7GWh
Solar TH: 101.7GWh
Other RES: 92.3GWh
Interc: -208.1GWh

Interconnectors’ flows

Net physical flow with France was: -42GWh. Total of energy exported was 156GWh, whilst energy imported was 114GWh.

Net physical flow with Portugal was: -166GWh. Total of energy exported was 194GWh, whilst energy imported was 29GWh.

Overall, net physical flow was: -208GWh. Largest hourly import was 3.19GW, on Saturday 21th May at 21:00. Largest hourly export was 5.54GW, on Thursday 19th May at 16:00.

 

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.


Enmanuel Morales Heredia
Energy Analyst
enmanuel.morales@enappsys.com
Milton Ceron
Milton Cerón
Energy Analyst
milton.ceron@enappsys.com
 

Week Ending 15 May 2022

Prices

Average Day-Ahead price was €187.62/MWh, from €190.16/MWh last week. Price peaked at €250.44/MWh on Monday 9th May at 21:00.

Average System Price Positive was €162.87/MWh, whilst average System Price Negative was €210.58/MWh.

Generation and Demand

Total demand was 4293GWh, with an average hourly demand of 25.55GW, and a 30.01GW peak.

Nuclear (5.79 GW), gas (6.64 GW) and solar pv (4.51 GW) were the largest contributors. Interconnectors had a net export of 1.43 GW on average this week.

Total Generation by Fuel Type

Nuclear: 972.5GWh
Gas: 779.9GWh
Solar PV: 758.1GWh
Wind: 738.2GWh
Hydro: 457GWh
Cogen & Waste: 452GWh
Solar TH: 139.3GWh
Coal: 128.9GWh
Other RES: 85.2GWh
Interc: -239.6GWh

Interconnectors’ flows

Net physical flow with France was: -51GWh. Total of energy exported was 153GWh, whilst energy imported was 102GWh.

Net physical flow with Portugal was: -189GWh. Total of energy exported was 220GWh, whilst energy imported was 31GWh.

Overall, net physical flow was: -240GWh. Largest hourly import was 1.87GW, on Sunday 15th May at 22:00. Largest hourly export was 5.23GW, on Thursday 12th May at 16:00.

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