Monthly electricity market report · MIBEL

Iberian electricity market — January 2022

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

Average price

201.7 €

−15.7% vs December 2021

Average demand

28.9 GW

+3.1% vs December 2021

Renewables

42%

−12 pp YoY · CO₂-free 64%

Negative periods

0

YoY

Day-ahead market price

The day-ahead market averaged 201.7 €/MWh, −15.7% versus December 2021. In perspective it sits +297.1% against the 8-year January average (50.8 €/MWh): a somewhat expensive month. The year-on-year figure (+235.3% vs January 2021) is distorted by an anomalous base.

Hourly month heatmap

1
5
9
13
17
21
25
29
00
02
04
06
08
10
12
14
16
18
20
22
Hour ↑ · Day of month → 14 €/MWh · 297 €/MWh
14 €/MWh
297 €/MWh

Daily average price comparison

0195390
Day of month · €/MWh

Demand

Peninsular demand averaged 28.9 GW, +3.1% on December 2021 and −6.2% YoY, peaking at 37.9 GW.

02040
Hour · GW

Generation mix

On about 22.9 TWh scheduled (P48), renewables made up 42% and CO₂-free generation 64%.

Generation mix

Eólica23.3%
Eólica
Ciclo combinado
Nuclear
Cogeneración
Hidráulica
Solar fotovoltaica
Carbón
Wind
23.3% −24%
CCGT
22.9% +147%
Nuclear
22.0% −3%
Cogeneration
9.4% −10%
Hydro
9.2% −49%
Solar PV
6.5% +76%
Coal
3.1% +25%
Other renewables
1.9% +10%
Pumped-storage
0.9% −30%
Solar thermal
0.8% +73%
Fuel / gas
0.0%
Other
0.0%

Historical context

34
14
52
15
37
16
71
17
50
18
62
19
41
20
60
21
202
22
70
23
74
24
97
25
72
26

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.

© datons · Iberian electricity market — January 2022 · ESIOS (Red Eléctrica) · OMIE

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