Monthly electricity market report · MIBEL

Iberian electricity market — February 2024

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

Average price

40.0 €

−46% vs January 2024

Average demand

27.2 GW

−3.5% vs January 2024

Renewables

62%

+14 pp YoY · CO₂-free 84%

Negative periods

0

YoY

Day-ahead market price

The day-ahead market averaged 40.0 €/MWh, −46% versus January 2024. In perspective it sits −38.1% against the 10-year February average (64.6 €/MWh): a somewhat cheap month. The year-on-year figure (−70% vs February 2023) 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 → 0 €/MWh · 181 €/MWh
0 €/MWh
181 €/MWh

Daily average price comparison

080160
Day of month · €/MWh

Demand

Peninsular demand averaged 27.2 GW, −3.5% on January 2024 and −5.4% YoY, peaking at 35.3 GW.

02040
Hour · GW

Generation mix

On about 21.1 TWh scheduled (P48), renewables made up 62% and CO₂-free generation 84%.

Generation mix

Eólica32.8%
Eólica
Nuclear
Hidráulica
Solar fotovoltaica
Ciclo combinado
Cogeneración
Wind
32.8% +48%
Nuclear
21.3% −2%
Hydro
15.3% +27%
Solar PV
11.9% +15%
CCGT
7.1% −62%
Cogeneration
6.6% −19%
Pumped-storage
1.9% +82%
Other renewables
1.2% −28%
Coal
1.0% −52%
Solar thermal
0.9% −1%
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 2024 · ESIOS (Red Eléctrica) · OMIE

Subscribe to our newsletter

Get weekly insights on data, automation, and AI.

© 2026 Datons. All rights reserved.