Monthly electricity market report · MIBEL

Iberian electricity market — April 2024

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

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Average price

13.7 €

▼ −32.7% vs March 2024

Average demand

24.7 GW

▼ −4.6% vs March 2024

Renewables

67%

▲ +12 pp YoY · CO₂-free 85%

Negative periods

107

YoY

Day-ahead market price

The day-ahead market averaged 13.7 €/MWh, −32.7% versus March 2024. In perspective it sits −76.5% against the 10-year April average (58.1 €/MWh): a somewhat cheap month. The year-on-year figure (−81.5% vs April 2023) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → -2 €/MWh · 110 €/MWh

-2 €/MWh

110 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 24.7 GW, −4.6% on March 2024 and +7.6% YoY, peaking at 33.3 GW.

Hour · GW

Generation mix

On about 19.9 TWh scheduled (P48), renewables made up 67% and CO₂-free generation 85%.

Generation mix

Eólica

Hidráulica

Solar fotovoltaica

Nuclear

Ciclo combinado

Cogeneración

Solar térmica

Turbinación bombeo

Wind

23.3% −4%

Hydro

20.7% +142%

Solar PV

19.6% +7%

Nuclear

17.7% −23%

CCGT

7.0% −39%

Cogeneration

4.6% −43%

Solar thermal

2.4% −27%

Pumped-storage

2.1% −3%

Other renewables

1.5% +6%

Coal

1.1% −14%

Other

0.0%

Fuel / gas

0.0%

Historical context

192

April · €/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.