Monthly electricity market report · MIBEL

Iberian electricity market — May 2024

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

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Average price

30.4 €

▲ +122.4% vs April 2024

Average demand

24.5 GW

▼ −0.8% vs April 2024

Renewables

65%

▲ +8 pp YoY · CO₂-free 83%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 30.4 €/MWh, +122.4% versus April 2024. In perspective it sits −50.4% against the 10-year May average (61.3 €/MWh): a somewhat cheap month. The year-on-year figure (−59% vs May 2023) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → -1 €/MWh · 120 €/MWh

-1 €/MWh

120 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 24.5 GW, −0.8% on April 2024 and +4.6% YoY, peaking at 31.3 GW.

Hour · GW

Generation mix

On about 20.3 TWh scheduled (P48), renewables made up 65% and CO₂-free generation 83%.

Generation mix

Solar fotovoltaica

Eólica

Nuclear

Hidráulica

Ciclo combinado

Cogeneración

Solar térmica

Turbinación bombeo

Solar PV

24.7% +32%

Wind

20.8% −21%

Nuclear

17.4% −6%

Hydro

15.1% +107%

CCGT

7.0% −48%

Cogeneration

6.7% −21%

Solar thermal

3.2% +26%

Pumped-storage

2.4% +37%

Other renewables

1.6% −7%

Coal

1.0% −14%

Fuel / gas

0.0%

Other

0.0%

Historical context

187

May · €/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.