Monthly electricity market report · MIBEL

Iberian electricity market — February 2025

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

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Average price

108.3 €

▲ +12% vs January 2025

Average demand

28.4 GW

▼ −2.1% vs January 2025

Renewables

56%

▼ −6 pp YoY · CO₂-free 79%

Negative periods

YoY

Day-ahead market price

The day-ahead market averaged 108.3 €/MWh, +12% versus January 2025. In perspective it sits +73.6% against the 11-year February average (62.4 €/MWh): a somewhat expensive month. The year-on-year figure (+170.8% vs February 2024) is distorted by an anomalous base.

Hourly month heatmap

Hour ↑ · Day of month → 4 €/MWh · 240 €/MWh

4 €/MWh

240 €/MWh

Daily average price comparison

Day of month · €/MWh

Demand

Peninsular demand averaged 28.4 GW, −2.1% on January 2025 and +4.2% YoY, peaking at 38.0 GW.

Hour · GW

Generation mix

On about 21.0 TWh scheduled (P48), renewables made up 56% and CO₂-free generation 79%.

Generation mix

Nuclear

Hidráulica

Eólica

Solar fotovoltaica

Ciclo combinado

Cogeneración

Nuclear

22.5% +5%

Hydro

20.5% +33%

Wind

18.0% −46%

Solar PV

15.3% +28%

CCGT

11.8% +66%

Cogeneration

6.6% −1%

Other renewables

1.6% +29%

Pumped-storage

1.3% −31%

Coal

1.3% +31%

Solar thermal

0.9% −4%

Other

0.3%

Fuel / gas

0.0%

Historical context

200

133

108

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.