Monthly electricity market report · MIBEL

Iberian electricity market — October 2024

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

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Average price

68.5 €

▼ −5.6% vs September 2024

Average demand

25.4 GW

▼ −1.4% vs September 2024

Renewables

58%

▲ +4 pp YoY · CO₂-free 81%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 68.5 €/MWh, −5.6% versus September 2024. In perspective it sits −12.2% against the 10-year October average (78.1 €/MWh): a broadly normal month. The year-on-year figure (−23.9% vs October 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 25.4 GW, −1.4% on September 2024 and +2.5% YoY, peaking at 32.6 GW.

Hour · GW

Generation mix

On about 20.6 TWh scheduled (P48), renewables made up 58% and CO₂-free generation 81%.

Generation mix

Eólica

Nuclear

Hidráulica

Solar fotovoltaica

Ciclo combinado

Cogeneración

Wind

27.2% −6%

Nuclear

22.4% +23%

Hydro

14.4% +90%

Solar PV

14.3% +11%

CCGT

10.2% −38%

Cogeneration

6.1% −3%

Coal

1.5% −19%

Other renewables

1.4% +6%

Pumped-storage

1.3% −30%

Solar thermal

0.9% −29%

Other

0.4%

Fuel / gas

0.0%

Historical context

200

127

October · €/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.