Monthly electricity market report · MIBEL

Iberian electricity market — June 2024

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

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Average price

56.1 €

▲ +84.5% vs May 2024

Average demand

25.4 GW

▲ +3.7% vs May 2024

Renewables

61%

▲ +13 pp YoY · CO₂-free 82%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 56.1 €/MWh, +84.5% versus May 2024. In perspective it sits −17.2% against the 10-year June average (67.7 €/MWh): a somewhat cheap month. The year-on-year figure (−39.7% vs June 2023) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → -2 €/MWh · 176 €/MWh

-2 €/MWh

176 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 25.4 GW, +3.7% on May 2024 and −1.9% YoY, peaking at 31.6 GW.

Hour · GW

Generation mix

On about 20.4 TWh scheduled (P48), renewables made up 61% and CO₂-free generation 82%.

Generation mix

Solar fotovoltaica

Nuclear

Eólica

Hidráulica

Ciclo combinado

Cogeneración

Solar térmica

Solar PV

23.6% +25%

Nuclear

21.3% +8%

Wind

20.9% +38%

Hydro

12.3% +34%

CCGT

7.5% −62%

Cogeneration

7.2% −17%

Solar thermal

2.7% −6%

Pumped-storage

2.0% +49%

Other renewables

1.6% +1%

Coal

0.9% −37%

Other

0.0%

Fuel / gas

0.0%

Historical context

170

June · €/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.