Monthly electricity market report · MIBEL

Iberian electricity market — November 2022

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

Average price

115.6 €

−9.2% vs October 2022

Average demand

25.6 GW

+4.1% vs October 2022

Renewables

49%

+5 pp YoY · CO₂-free 69%

Negative periods

0

YoY

Day-ahead market price

The day-ahead market averaged 115.6 €/MWh, −9.2% versus October 2022. In perspective it sits +67.2% against the 8-year November average (69.1 €/MWh): a somewhat expensive month. The year-on-year figure (−40.3% vs November 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 → 4 €/MWh · 237 €/MWh
4 €/MWh
237 €/MWh

Daily average price comparison

0140280
Day of month · €/MWh

Demand

Peninsular demand averaged 25.6 GW, +4.1% on October 2022 and −9.8% YoY, peaking at 33.8 GW.

02040
Hour · GW

Generation mix

On about 20.6 TWh scheduled (P48), renewables made up 49% and CO₂-free generation 69%.

Generation mix

Eólica32.3%
Eólica
Nuclear
Ciclo combinado
Solar fotovoltaica
Cogeneración
Hidráulica
Wind
32.3% +4%
Nuclear
20.6% +19%
CCGT
20.5% −27%
Solar PV
7.4% +18%
Cogeneration
7.1% −33%
Hydro
6.7% +20%
Other renewables
1.8% −15%
Coal
1.6% −42%
Pumped-storage
1.3% +44%
Solar thermal
0.6% −40%
Other
0.0%
Fuel / gas
0.0%

Historical context

47
14
51
15
56
16
59
17
62
18
42
19
42
20
193
21
116
22
63
23
104
24
59
25

November · €/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 — November 2022 · ESIOS (Red Eléctrica) · OMIE

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