Monthly electricity market report · MIBEL

Iberian electricity market — July 2024

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

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Average price

72.3 €

▲ +28.9% vs June 2024

Average demand

28.7 GW

▲ +12.7% vs June 2024

Renewables

57%

▲ +9 pp YoY · CO₂-free 79%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 72.3 €/MWh, +28.9% versus June 2024. In perspective it sits +7.9% against the 10-year July average (67.0 €/MWh): a broadly normal month. The year-on-year figure (−20.1% vs July 2023) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → -1 €/MWh · 142 €/MWh

-1 €/MWh

142 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 28.7 GW, +12.7% on June 2024 and +0.4% YoY, peaking at 36.0 GW.

Hour · GW

Generation mix

On about 23.0 TWh scheduled (P48), renewables made up 57% and CO₂-free generation 79%.

Generation mix

Solar fotovoltaica

Nuclear

Eólica

Ciclo combinado

Hidráulica

Cogeneración

Solar térmica

Solar PV

25.0% +28%

Nuclear

22.0% −1%

Wind

17.8% +9%

CCGT

11.4% −41%

Hydro

9.6% +65%

Cogeneration

6.6% +1%

Solar thermal

3.1% −10%

Pumped-storage

1.7% +39%

Other renewables

1.6% +10%

Coal

0.9% −28%

Other

0.3%

Fuel / gas

0.0%

Historical context

143

July · €/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.