Monthly electricity market report · MIBEL
Iberian electricity market — February 2024
Day-ahead price, demand and generation mix · ESIOS and OMIE data
Average price
40.0 €
▼ −46% vs January 2024
Average demand
27.2 GW
▼ −3.5% vs January 2024
Renewables
62%
▲ +14 pp YoY · CO₂-free 84%
Negative periods
0
YoY
Day-ahead market price
The day-ahead market averaged 40.0 €/MWh, −46% versus January 2024. In perspective it sits −38.1% against the 10-year February average (64.6 €/MWh): a somewhat cheap month. The year-on-year figure (−70% vs February 2023) is distorted by an anomalous base.
Hourly month heatmap
Daily average price comparison
Demand
Peninsular demand averaged 27.2 GW, −3.5% on January 2024 and −5.4% YoY, peaking at 35.3 GW.
Generation mix
On about 21.1 TWh scheduled (P48), renewables made up 62% and CO₂-free generation 84%.
Generation mix
Historical context
February · €/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 — February 2024 · ESIOS (Red Eléctrica) · OMIE