Monthly electricity market report · MIBEL

Iberian electricity market — December 2021

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

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Average price

239.2 €

▲ +23.6% vs November 2021

Average demand

28.1 GW

▼ −0.9% vs November 2021

Renewables

49%

▼ −4 pp YoY · CO₂-free 66%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 239.2 €/MWh, +23.6% versus November 2021. In perspective it sits +369.9% against the 7-year December average (50.9 €/MWh): a somewhat expensive month. The year-on-year figure (+469.8% vs December 2020) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → 3 €/MWh · 409 €/MWh

3 €/MWh

409 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 28.1 GW, −0.9% on November 2021 and −2% YoY, peaking at 37.1 GW.

Hour · GW

Generation mix

On about 22.7 TWh scheduled (P48), renewables made up 49% and CO₂-free generation 66%.

Generation mix

Eólica

Ciclo combinado

Nuclear

Hidráulica

Cogeneración

Solar fotovoltaica

Carbón

Wind

30.4% −9%

CCGT

20.2% +78%

Nuclear

17.4% −25%

Hydro

11.1% −21%

Cogeneration

9.7% −7%

Solar PV

4.6% +38%

Coal

3.2% +217%

Other renewables

2.0% +3%

Pumped-storage

1.1% −19%

Solar thermal

0.5% +30%

Fuel / gas

0.0%

Other

0.0%

Historical context

239

111

December · €/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.