Monthly electricity market report · MIBEL

Iberian electricity market — February 2022

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

Average price

200.2 €

−0.7% vs January 2022

Average demand

28.5 GW

−1.6% vs January 2022

Renewables

41%

−20 pp YoY · CO₂-free 65%

Negative periods

0

YoY

Day-ahead market price

The day-ahead market averaged 200.2 €/MWh, −0.7% versus January 2022. In perspective it sits +413.4% against the 8-year February average (39.0 €/MWh): a somewhat expensive month. The year-on-year figure (+602.8% vs February 2021) 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 → 70 €/MWh · 350 €/MWh
70 €/MWh
350 €/MWh

Daily average price comparison

0140280
Day of month · €/MWh

Demand

Peninsular demand averaged 28.5 GW, −1.6% on January 2022 and −1% YoY, peaking at 36.2 GW.

02040
Hour · GW

Generation mix

On about 20.0 TWh scheduled (P48), renewables made up 41% and CO₂-free generation 65%.

Generation mix

Nuclear23.9%
Nuclear
Eólica
Ciclo combinado
Cogeneración
Solar fotovoltaica
Hidráulica
Carbón
Nuclear
23.9% +9%
Wind
23.3% −26%
CCGT
20.8% +300%
Cogeneration
10.6% +15%
Solar PV
8.3% +65%
Hydro
6.3% −73%
Coal
2.9% +208%
Other renewables
1.9% +2%
Pumped-storage
1.1% −39%
Solar thermal
1.1% +40%
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 2022 · ESIOS (Red Eléctrica) · OMIE

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