Monthly electricity market report · MIBEL

Iberian electricity market — January 2021

Day-ahead price, demand and generation mix · ESIOS and OMIE data

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Average price

60.2 €

▲ +43.4% vs December 2020

Average demand

30.8 GW

▲ +7.7% vs December 2020

Renewables

54%

▲ +10 pp YoY · CO₂-free 77%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 60.2 €/MWh, +43.4% versus December 2020. In perspective it sits +21.6% against the 7-year January average (49.5 €/MWh): a somewhat expensive month. The year-on-year figure (+46.4% vs January 2020) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → 0 €/MWh · 121 €/MWh

0 €/MWh

121 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 30.8 GW, +7.7% on December 2020 and +1% YoY, peaking at 42.1 GW.

Hour · GW

Generation mix

On about 23.1 TWh scheduled (P48), renewables made up 54% and CO₂-free generation 77%.

Generation mix

Eólica

Nuclear

Hidráulica

Cogeneración

Ciclo combinado

Solar fotovoltaica

Carbón

Wind

30.5% +50%

Nuclear

22.5% −2%

Hydro

17.8% +9%

Cogeneration

10.4% −2%

CCGT

9.2% −35%

Solar PV

3.7% +38%

Coal

2.5% −36%

Other renewables

1.7% +16%

Pumped-storage

1.3% +59%

Solar thermal

0.5% +8%

Fuel / gas

0.0%

Other

0.0%

Historical context

202

January · €/MWh

Methodology

Price: ESIOS indicator 600 (Spain). Demand: ESIOS indicator 1293 (peninsular). Mix: P48 schedule by technology (REE/ESIOS), best estimate at month close — metered generation is published later; the check against the most recent metered month shows differences below 1%. Peninsular scope, full calendar month.