Monthly electricity market report · MIBEL

Iberian electricity market — December 2024

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

← Previous month Next month →

Average price

111.2 €

▲ +6.5% vs November 2024

Average demand

27.3 GW

▲ +5.4% vs November 2024

Renewables

50%

▼ −7 pp YoY · CO₂-free 69%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 111.2 €/MWh, +6.5% versus November 2024. In perspective it sits +45.6% against the 10-year December average (76.4 €/MWh): a somewhat expensive month. The year-on-year figure (+54.1% vs December 2023) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → 0 €/MWh · 181 €/MWh

0 €/MWh

181 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 27.3 GW, +5.4% on November 2024 and +1.8% YoY, peaking at 37.8 GW.

Hour · GW

Generation mix

On about 21.6 TWh scheduled (P48), renewables made up 50% and CO₂-free generation 69%.

Generation mix

Eólica

Ciclo combinado

Nuclear

Solar fotovoltaica

Hidráulica

Cogeneración

Wind

24.1% −11%

CCGT

20.6% +82%

Nuclear

19.6% −15%

Solar PV

11.8% +31%

Hydro

11.7% −39%

Cogeneration

7.0% +28%

Other renewables

1.6% +29%

Coal

1.4% +40%

Pumped-storage

1.2% −30%

Solar thermal

0.6% +26%

Other

0.3%

Fuel / gas

0.0%

Historical context

239

111

December · €/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.