Monthly electricity market report · MIBEL
Iberian electricity market — March 2023
Day-ahead price, demand and generation mix · ESIOS and OMIE data
Average price
89.7 €
▼ −32.8% vs February 2023
Average demand
26.1 GW
▼ −9.3% vs February 2023
Renewables
55%
▲ +7 pp YoY · CO₂-free 77%
Negative periods
0
YoY
Day-ahead market price
The day-ahead market averaged 89.7 €/MWh, −32.8% versus February 2023. In perspective it sits +37.6% against the 9-year March average (65.2 €/MWh): a somewhat expensive month. The year-on-year figure (−68.3% vs March 2022) is distorted by an anomalous base.
Hourly month heatmap
Daily average price comparison
Demand
Peninsular demand averaged 26.1 GW, −9.3% on February 2023 and −4.5% YoY, peaking at 37.5 GW.
Generation mix
On about 22.9 TWh scheduled (P48), renewables made up 55% and CO₂-free generation 77%.
Generation mix
Historical context
March · €/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 — March 2023 · ESIOS (Red Eléctrica) · OMIE