Monthly electricity market report · MIBEL

Iberian electricity market — February 2021

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

Average price

28.5 €

−52.7% vs January 2021

Average demand

28.8 GW

−6.7% vs January 2021

Renewables

61%

+16 pp YoY · CO₂-free 83%

Negative periods

0

YoY

Day-ahead market price

The day-ahead market averaged 28.5 €/MWh, −52.7% versus January 2021. In perspective it sits −29.7% against the 7-year February average (40.5 €/MWh): a somewhat cheap month. The year-on-year figure (−20.6% vs February 2020) is distorted by an anomalous base.

Hourly month heatmap

1
5
9
13
17
21
25
00
02
04
06
08
10
12
14
16
18
20
22
Hour ↑ · Day of month → 0 €/MWh · 80 €/MWh
0 €/MWh
80 €/MWh

Daily average price comparison

050100
Day of month · €/MWh

Demand

Peninsular demand averaged 28.8 GW, −6.7% on January 2021 and +0.3% YoY, peaking at 36.5 GW.

02040
Hour · GW

Generation mix

On about 20.1 TWh scheduled (P48), renewables made up 61% and CO₂-free generation 83%.

Generation mix

Eólica31.0%
Eólica
Hidráulica
Nuclear
Cogeneración
Ciclo combinado
Solar fotovoltaica
Wind
31.0% +48%
Hydro
22.7% +58%
Nuclear
21.6% −11%
Cogeneration
9.2% −18%
CCGT
5.1% −57%
Solar PV
5.0% +6%
Other renewables
1.8% +5%
Pumped-storage
1.8% +107%
Coal
0.9% −78%
Solar thermal
0.8% −38%
Fuel / gas
0.0%
Other
0.0%

Historical context

17
14
43
15
28
16
52
17
55
18
54
19
36
20
28
21
200
22
133
23
40
24
108
25
16
26

February · €/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.

© datons · Iberian electricity market — February 2021 · ESIOS (Red Eléctrica) · OMIE

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