Monthly electricity market report · MIBEL

Iberian electricity market — August 2024

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

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Average price

91.0 €

▲ +25.9% vs July 2024

Average demand

28.0 GW

▼ −2.2% vs July 2024

Renewables

55%

▲ +7 pp YoY · CO₂-free 78%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 91.0 €/MWh, +25.9% versus July 2024. In perspective it sits +30.8% against the 10-year August average (69.6 €/MWh): a somewhat expensive month. The year-on-year figure (−5.2% vs August 2023) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → -1 €/MWh · 165 €/MWh

-1 €/MWh

165 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 28.0 GW, −2.2% on July 2024 and +3.2% YoY, peaking at 35.9 GW.

Hour · GW

Generation mix

On about 22.1 TWh scheduled (P48), renewables made up 55% and CO₂-free generation 78%.

Generation mix

Solar fotovoltaica

Nuclear

Eólica

Ciclo combinado

Hidráulica

Cogeneración

Solar térmica

Solar PV

24.5% +23%

Nuclear

23.0% +2%

Wind

17.0% −10%

CCGT

12.8% −35%

Hydro

8.7% +81%

Cogeneration

6.5% +9%

Solar thermal

3.2% −6%

Pumped-storage

1.5% −3%

Other renewables

1.5% −4%

Coal

1.0% −47%

Other

0.3%

Fuel / gas

0.0%

Historical context

106

155

August · €/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.