Monthly electricity market report · MIBEL

Iberian electricity market — November 2023

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

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Average price

63.5 €

▼ −29.5% vs October 2023

Average demand

26.1 GW

▲ +5.1% vs October 2023

Renewables

63%

▲ +14 pp YoY · CO₂-free 81%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 63.5 €/MWh, −29.5% versus October 2023. In perspective it sits −14.6% against the 9-year November average (74.3 €/MWh): a broadly normal month. The year-on-year figure (−45.1% vs November 2022) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → 0 €/MWh · 162 €/MWh

0 €/MWh

162 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 26.1 GW, +5.1% on October 2023 and +2% YoY, peaking at 34.4 GW.

Hour · GW

Generation mix

On about 20.5 TWh scheduled (P48), renewables made up 63% and CO₂-free generation 81%.

Generation mix

Eólica

Nuclear

Hidráulica

Ciclo combinado

Solar fotovoltaica

Cogeneración

Wind

34.1% +5%

Nuclear

18.4% −11%

Hydro

17.3% +156%

CCGT

10.8% −48%

Solar PV

9.8% +31%

Cogeneration

5.0% −30%

Pumped-storage

1.7% +26%

Other renewables

1.2% −33%

Coal

1.1% −32%

Solar thermal

0.6% +8%

Fuel / gas

0.0%

Other

0.0%

Historical context

193

116

104

November · €/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.