Monthly electricity market report · MIBEL

Iberian electricity market — December 2022

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

Average price

97.0 €

−16.1% vs November 2022

Average demand

25.9 GW

+1.5% vs November 2022

Renewables

48%

−1 pp YoY · CO₂-free 72%

Negative periods

0

YoY

Day-ahead market price

The day-ahead market averaged 97.0 €/MWh, −16.1% versus November 2022. In perspective it sits +30.3% against the 8-year December average (74.4 €/MWh): a somewhat expensive month. The year-on-year figure (−59.5% vs December 2021) is distorted by an anomalous base.

Hourly month heatmap

1
5
9
13
17
21
25
29
00
02
04
06
08
10
12
14
16
18
20
22
Hour ↑ · Day of month → 0 €/MWh · 257 €/MWh
0 €/MWh
257 €/MWh

Daily average price comparison

0195390
Day of month · €/MWh

Demand

Peninsular demand averaged 25.9 GW, +1.5% on November 2022 and −7.6% YoY, peaking at 34.2 GW.

02040
Hour · GW

Generation mix

On about 21.3 TWh scheduled (P48), renewables made up 48% and CO₂-free generation 72%.

Generation mix

Eólica26.6%
Eólica
Nuclear
Ciclo combinado
Hidráulica
Solar fotovoltaica
Cogeneración
Carbón
Wind
26.6% −18%
Nuclear
24.2% +31%
CCGT
17.9% −17%
Hydro
13.5% +15%
Solar PV
5.5% +14%
Cogeneration
5.2% −49%
Coal
3.4% +0%
Pumped-storage
1.8% +57%
Other renewables
1.6% −25%
Solar thermal
0.3% −42%
Fuel / gas
0.0%
Other
0.0%

Historical context

47
14
53
15
60
16
58
17
62
18
34
19
42
20
239
21
97
22
72
23
111
24
78
25

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.

© datons · Iberian electricity market — December 2022 · ESIOS (Red Eléctrica) · OMIE

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