price report 2018 - omel · 2019-02-25 · 6 price report 2018 | mibel: energy, economic volume and...

Price report 2018ie

1

5

2

6

3 4

7

MIBEL: Energy, economic volume and technologies

pg. 3

Settlement of the day-ahead and intraday market

pg. 42

Day-ahead market

pg. 12

International electricityexchanges

pg. 46

Intraday auctions market

pg. 22

Continuousintraday market

pg. 32

Prices and energies of European markets

pg. 56

INDEX

3

Price report 2018 | MIBEL: Energy, economic volume and technologies

1MIBEL: Energy, economic volume and technologies

Purchases on the MIBEL of energy traded on the day-ahead, intraday auctions and the continuous intraday markets

Economic value of the purchases negotiated on the day-ahead, intraday auctions and the continuous intraday markets

Energy values and contracting on the MIBEL

Energy traded on the day-ahead and intraday markets and final demand on the MIBEL

Energy mix in Spain

Demand coverage by technologies in Spain

Energy mix in Portugal

Demand coverage by technologies in Portugal

1.1

1.2

1.3

1.4

1.5

1.6

1.7

1.8

4

0

7,500

15,000

22,500

30,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year

Spain 2017 Portugal 2017

1.1 Compras en el MIBEL de la energía negociada en el mercado diario y en el mercado intradiario

Spain 2018 Portugal 2018


1.1 Purchases on the MIBEL of energy traded on the day-ahead, intraday auctions and the continuous intraday markets

The Spanish area includes exports across the borders with France, Morocco and AndorraVariation 2018 - 2017: -1.7%

GWh

5

1.2 Volumen económico de las compras negociadas en el mercado diario y en el mercado intradiario

0

500

1,000

1,500

2,000


Spain 2017 Portugal 2017 Spain 2018 Portugal 2018


1.2 Economic value of the purchases negotiated on the day-ahead, intraday auctions and the continuous intraday markets

The Spanish area includes exports across the borders with France, Morocco and AndorraVariation 2018 - 2017: 6.3%

M€

6


1.3 Energy values and contracting on the MIBEL

2018

Day-ahead market

Intraday auctionsmarket

Continuous intradaymarket Total

Energy GWh

Contracting kEUR

Energy GWh

Contracting kEUR

EnergyGWh

Contracting kEUR

EnergyGWh

Contracting kEUR

Jan 21,842 1,150,445 3,000 156,017 24,842 1,306,462

Feb 20,210 1,135,750 2,686 151,680 22,896 1,287,430

Mar 21,690 888,152 3,136 133,239 24,826 1,021,391

Apr 18,366 798,475 2,890 127,248 21,256 925,723

May 18,690 1,052,400 3,082 174,251 21,772 1,226,651

Jun 18,031 1,074,697 2,972 173,601 62 3,685 21,065 1,251,983

Jul 20,370 1,279,409 3,112 193,148 163 10,557 23,645 1,483,114

Aug 19,801 1,293,334 3,592 233,793 315 21,269 23,708 1,548,396

Sep 18,835 1,359,037 3,149 229,257 281 20,965 22,265 1,609,259

Oct 18,929 1,250,391 3,430 227,079 383 24,427 22,742 1,501,897

Nov 20,185 1,275,016 3,280 206,703 363 22,319 23,828 1,504,038

Dec 20,242 1,275,000 3,025 189,338 308 19,028 23,575 1,483,366

year 237,189 13,832,105 37,353 2,195,354 1,876 122,252 276,418 16,149,711

7

1.4 Energía diaria ejecutada por unidades de venta en contratos bilaterales físicos en el MIBEL

0

20

40

60

80

100

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

MIBEL bilaterals Bilateral Portuguese zone % MIBEL bilaterals/Day-ahead market MIBEL


1.4 Energy traded on the day-ahead and intraday markets and final demand on the MIBEL

2018

MWh %

8

1.5 Energía por tecnologías España

14.4%

2.1%3.0%

17.8%

5.5%20.5%

8.4%

12.4%

15.9%

Coal Combined cycle ImportNuclear Hydraulic Wind powerPhotovoltaic solar Thermal solar Cogeneration/Wastes/Mini hydro

15.8%

1.8%2.8%

18.7%

10.3%19.9%

8.0%

9.7%

13.1%


1.5 Energy mix in Spain

Spain2018

Spain2017

60.8%

66.0%

2017 EMISSIONS-FREE

2018 EMISSIONS-FREE

9

1.6 cobertura de la demanda por tecnologías España

0

100

200

300

400

500

600

700

800

900

1,000

1,100

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12

Nuclear Cogeneration/Wastes/Mini hydro Wind powerPhotovoltaic solar Thermal solar ImportHydraulic Coal Combined cycle


1.6 Demand coverage by technologiesin Spain

GWh/day

2017 2018

10

1.7 Energía por tecnologías Portugal

14.0%

1.5%

20.7%

11.2%5.1%

23.4%

24.1%

Coal Combined cycleImport HydraulicWind power Photovoltaic solarOther special regime

14.7%

1.4%

21.2%

20.6%

5.0%

17.4%

19.7%


1.7 Energy mixin Portugal

Portugal2018

Portugal2017

44.6%

54.9%

2017 EMISSIONS-FREE

2018 EMISSIONS-FREE

11

1.6 cobertura de la demanda por tecnologías Portugal

0

75

150

225

300

1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12

Other special regime Wind power Photovoltaic solar ImportHydraulic Coal Combined cycle


1.8 Demand coverage by technologiesin Portugal

GWh/day

2017 2018

12

Price report 2018 | Day-ahead market

2Day-ahead market

Monthly energy and average monthly priceof the day-ahead market

Energy and price of the day-ahead market MIBEL

Acquisitions on the day-ahead market

Percentage of the number of hours with market splitting by hourly period in theday-ahead market

Significant figures of the day-ahead market

2.1

2.2

2.3

2.4

2.5

Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías

13

Average monthly price (€/MWh)

Energy purchased (GWh)

2018 2017 2018 2017

Jan 49.98 71.49 17,028 17,753

Feb 54.88 51.74 15,696 14,935

Mar 40.18 43.19 15,916 14,722

Apr 42.67 43.69 13,989 13,783

May 54.92 47.11 14,619 15,532

Jun 58.46 50.22 14,061 17,053

Jul 61.88 48.63 16,208 17,696

Aug 64.33 47.46 15,545 16,569

Sep 71.27 49.15 14,679 15,029

Oct 65.08 56.77 14,288 15,589

Nov 61.97 59.19 15,254 16,557

Dec 61.81 57.94 15,443 16,997

year 57.29 52.24 182,727 192,214

2.1.1 Monthly energy and average monthly price of the day-ahead market

Spanish area


14

0

10

20

30

40

50

60

70

80


Spain 2017 Spain 2018

2.1.1 Precio medio del mercado diario España


2.1.1 Average monthly price of the day-ahead market Spanish area 2017 - 2018

€/MWh


15

2.1.2 Monthly energy and average monthly price of the day-ahead market

Portuguese area


Average monthly price(€/MWh)

Energy purchased(GWh)

2018 2017 2018 2017

Jan 51.63 71.52 4,797 4,671

Feb 54.98 51.39 4,363 4,174

Mar 39.75 43.95 4,781 4,348

Apr 42.66 44.18 4,243 3,960

May 55.08 47.12 4,066 4,121

Jun 58.48 50.22 3,971 4,093

Jul 61.84 48.60 4,159 4,225

Aug 64.29 47.43 4,109 4,058

Sep 71.30 49.16 4,089 4,011

Oct 65.38 56.97 4,227 4,137

Nov 62.01 59.36 4,276 4,151

Dec 61.87 59.49 4,456 4,691

year 57.45 52.48 51,537 50,640

16

0

10

20

30

40

50

60

70

80


Portugal 2017 Portugal 2018

2.1.2 Precio medio del mercado diario Portugal


2.1.2 Average monthly price of the day-ahead market Portuguese area 2017 - 2018

€/MWh


17

2.2 Energy and price of the day-ahead market MIBEL


2017 - 20182.2 Energía y precio del mercado diario MIBEL

0

200

400

600

800

1,000

0

50

100

150

200

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov

Average price Spanish side (€/MWh) Average price Portuguese side (€/MWh)Day-ahead energy MIBEL (GWh) Day-ahead energy Spanish side (GWh)

€/MWh GWh

2017 2018


18

2.3.1 Acquisitions on the day-ahead market Spanish electricity system


2.3 Adquisiciones del mercado diario Sistema Eléctrico Español

0

1,500

3,000

4,500

6,000

7,500

9,000

10,500

12,000


Retailers (except for RRR) direct consumersReferences Retailers (RRR)Rest of consumption

GWh


19

2.3.2 Acquisitions on the day-ahead market Portuguese electricity system


0

375

750

1,125

1,500

1,875

2,250

2,625

3,000


Retailers (except for RRR) direct consumersReferences Retailers (RRR)Rest of consumption

GWh


20

2.4 Percentage of the number of hours with market splitting by hourly period in the day-ahead market

2017 - 2018


2.4 Porcentaje de número de horas con separación de mercados por periodo horario en el mercado diario

0

12.5

25

37.5

50

62.5

75

87.5

100

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Market-splitting: import direction balance Without market-splittingMarket-splitting: export direction balance Market-splitting: null balance

%

94.79%

Withoutmarket-splitting


21

Prices

Spain Portugal

€/MWh Date €/MWh Date

Peak hourly 84.13 1 hour (04 October) 84.13 1 hour (04 October)

Minimum hourly 2.06 3 hours (01 January) 2.30 7 hours (30 and 31 March)

Maximum price difference 63.30 12 March 63.30 12 March

Minimum price difference 2.30 07 July 2.30 07 July

Average day-aheadmaximum

75.93 19 September 75.93 19 September

Average day-aheadminimum

4.50 30 March 4.50 30 March

Average montlymaximum 71.27 September 71.30 September

Average mensualminimum 40.18 March 39.75 March

2.5 Significant figures of the day-ahead market2018


22

Price report 2018 | Intraday auctions market

3Intraday auctions market

Monthly energy and average monthly price of the intraday auctions market

Energy and price of the intraday auctions market

Sales and purchases on the intraday auctions market

Comparison of average arithmetic daily prices of the day-ahead and the intraday auctions market

3.1

3.2

3.3

3.4


23

Average monthly price (€/MWh)

Energy purchased(GWh)

2018 2017 2018 2017

Jan 52.08 74.97 2,655 2,438

Feb 56.11 52.20 2,324 2,443

Mar 41.76 44.08 2,692 2,715

Apr 43.22 44.01 2,532 2,346

May 55.22 47.51 2,761 2,439

Jun 57.84 50.31 2,744 2,648

Jul 62.11 48.47 2,826 2,611

Aug 64.93 47.38 3,312 2,534

Sep 72.55 48.73 2,885 2,611

Oct 65.60 57.36 3,103 3,133

Nov 62.73 61.79 2,923 3,052

Dec 62.13 60.27 2,667 2,667

year 58.03 53.12 33,423 31,636


3.1.1 Monthly energy and average monthly price of the intraday auctions market

Spanish area

24

3.1.1 Precio mensual medio del mercado intradiario España

0

10

20

30

40

50

60

70

80


Spain 2017 Spain 2018


3.1.1 Average monthly price of the intraday auctions market

Spanish area 2017 - 2018

€/MWh


25

Average monthly price (€/MWh) Energy purchased (GWh)

2018 2017 2018 2017

Jan 52.90 74.93 345 326

Feb 56.21 51.28 362 324

Mar 41.20 44.65 445 402

Apr 43.16 44.47 358 362

May 55.48 47.51 321 336

Jun 57.83 50.31 228 306

Jul 62.07 48.45 285 327

Aug 64.89 47.34 280 300

Sep 72.54 48.73 264 276

Oct 65.84 57.56 327 300

Nov 62.81 62.00 357 373

Dec 62.22 61.20 358 334

year 58.10 53.24 3,930 3,965

3.1.2 Monthly energy and average monthly price of the intraday auctions market

Portuguese area


26

3.1.2 Precio mensual medio del mercado intradiario Portugal

0

10

20

30

40

50

60

70

80


Portugal 2017 Portugal 2018


3.1.2 Average monthly price of the intraday auctions market

Portuguese area 2017 - 2018

€/MWh


27

3.2 Energy and price of the intraday auctions market2017 - 2018


3.2 Energía y precio del mercado intradiario

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000

225,000

0

50

100

150

200


Average arithmetic price Spanish electricity system (€/MWh) Average arithmetic price Portuguese electricity system (€/MWh) Total acquired energy MIBEL (MWh)

MWh

2017 2018

€/MWh


28

3.3.1 Sales and purchases on the intraday auctions market

Spanish electricity system


3.3 Ventas y compras en el mercado intradiario Sistema Eléctrico Español

-200,000

-150,000

-100,000

-50,000

0

50,000

100,000

150,000

200,000


Production unit Pumping unit Purchasing unitProduction unit Pumping unit Purchasing unit

MWh

2017 2018


29

3.3.2 Sales and purchases on the intraday auctions market

Portuguese electricity system


-40,000

-30,000

-20,000

-10,000

0

10,000

20,000

30,000

40,000


Production unit Pumping unit Purchasing unitProduction unit Pumping unit Purchasing unit

2017 2018

MWh


30

3.4.1 Comparison of average arithmetic daily prices of the day-ahead and the intraday auctions market

Spanish electricity system


-20

0

20

40

60

80

100


Day-ahead market Intraday auctions market Difference day-ahead-intraday

€/MWh


31


3.4.2 Comparison of average arithmetic daily prices of the day-ahead and the intraday auctions market

Portuguese electricity system

-20

0

20

40

60

80

100


Day-ahead market Intraday auctions market Difference day-ahead-intraday

€/MWh

32

Price report 2018 | Continuous intraday market

4Continuous intraday market*

*The continuous intraday marketstarted on June 13, 2018

Energy volume and monthly price of the continuous intraday market

Comparison of energy volumes between the intraday market auctions sessions and the continuous intraday market

Sales and purchases in the continuous intraday market

4.1

4.2

4.3


33

MonthMax. price

Spain(€/MWh)

Min. priceSpain

(€/MWh)

Weighted average price

Spain (€/MWh)

Sales volume Spain(MWh)

Purchase volume Spain(MWh)

Jun 81.60 20.85 58.37 43,344.1 38,919.4

Jul 150.00 40.31 63.96 89,963.1 76,110.2

Aug 173.30 43.80 66.89 159,448.7 122,019.6

Sep 180.30 36.01 74.34 139,388.5 134.831.5

Oct 105.00 0.00 62.72 215,499.7 159,338.4

Nov 80.05 29.80 61.03 201,072.9 154,988.2

Dec 150.00 11.00 61.69 187,543.7 123,114.7

4.1.1 Energy volume and monthly price of the continuous intraday market

Spanish area


34

0

50

100

150

200

Jun Jul Aug Sep Oct Nov Dec

Max. price Spain (€/MWh) Min. price Spain (€/MWh)Weighted average price Spain (€/MWh)


4.1.1 Monthly price of the continuous intraday market Spanish area 2017 - 2018

€/MWh

35


MonthMax. price Portugal (€/MWh)

Min. price Portugal(€/MWh)

Weighted average price

Portugal (€/MWh)

Sales volume Portugal (MWh)

Purchase volume Portugal (MWh)

Jun 80.00 21.84 61.34 11,925.2 3,865.1

Jul 102.73 45.00 65.65 38,459.0 19,408.0

Aug 152.00 45.70 68.86 52,857.2 46,587.3

Sep 99.25 48.00 75.06 42,368.4 33,460.4

Oct 105.00 10.23 68.16 53,320.0 30,480.3

Nov 77.35 29.91 63.25 49,793.9 37,065.8

Dec 83.10 23.90 61.30 41,324.1 50,238.8

4.1.2 Energy volume and monthly price of the continuous intraday market

Portuguese area

36

0

40

80

120

160


Max. price Portugal (€/MWh) Min. price Portugal (€/MWh)Weighted average price Portugal (€ / MWh)


4.1.2 Monthly price of the continuous intraday market Portuguese area 2017 - 2018

€/MWh


37

4.2.1 Comparison of energy volumes between the intraday market auctions sessions and the continuous intraday market

Spanish area


0

750,000

1,500,000

2,250,000

3,000,000

0

750,000

1,500,000

2,250,000

3,000,000


Continuous market 1 2 3 4 5 6

GWh


38

4.2.2 Comparison of energy volumes between the intraday market auctions sessions and the continuous intraday market

Portuguese area


0

55,000

110,000

165,000

220,000


Continuous market 1 2 3 4 5 6

GWh


39


4.3.1 Sales and purchases in the continuous intraday market Spanish area

-15,000

-10,000

-5,000

0

5,000

10,000

15,000

20,000


Pumping unit Purchasing unit Production unitPumping unit Purchasing unit Production unit

MWh


40


4.3.2 Sales and purchases in the continuous intraday market Portuguese area

-10,000

-7,500

-5,000

-2,500

0

2,500

5,000

7,500

10,000


Pumping unit Purchasing unit Production unitPumping unit Purchasing unit Production unit

MWh

41


0

100

200

300

400

500

600

7008.3%

12.1%

21.0%

25.7%

32.9%

Exports from Spain French borderInternal MIBELFrench border imports to SpainExports from Portugal French borderFrench border imports to Portugal

4.3.3 Energy traded by country in the continuous intraday market

GWh Energy traded by country % energy traded by countryInforme de precios 2018 | Merca-

do intradiario continuo

42

Price report 2018 | Settlement of the day-ahead and intraday market

5Settlement of the day-ahead and intraday market

Weekly trend in the volume of collections and payments, in price and energy. Day-ahead and intraday markets

Congestion rent in the Spanish-Portuguese interconnection

Congestion rent in the Spanish-French interconnection

5.1

5.2

5.3


43


5.1 Weekly trend in the volume of collections and payments, in price and energy. Day-ahead and intraday markets

2017 - 2018

0

75

150

225

300

0

75

150

225

300


Market price % Energy evolution % Price evolution

M€/Week %

2017 2018


44


5.2 Congestion rent in the Spanish-Portuguese interconnection

2017 - 2018

0

10

20

30

40

0

0.55

1.1

1.65

2.2


Day-ahead market rent Intraday market rent % hours market-splitting day-ahead market

M€

2017 2018

%


45


5.3 Congestion rent in the Spanish-French interconnection

2017 - 2018

0

25

50

75

100

0

10

20

30

40


% Hours market-splitting Day-ahead market rent

%

2017 2018

M€

46

Price report 2018 | International electricity exchanges

6International electricity exchanges

Interconnection with France:Available commercial capacity and occupation in the exporting and importing directions

Interconnection with Portugal:Available commercial capacity and occupation in the exporting and importing directions

Interconnection with Morocco: Available commercial capacity and occupation in the exporting and importing directions

Average hourly energy in the interconnections

MIBEL borders: energies and economic volumes

Border with Portugal: energies and economic volumes

6.1

6.2

6.3

6.4

6.5

6.6

47

-5,000

-3,333

-1,667

0

1,667

3,333

5,000


Export Export capacityImport Import capacity


6.1 Interconnection with France: Available commercial capacity and occupation in the exporting and importing directions

2018

Export

Import

MWh

48

-4,000

-3,000

-2,000

-1,000

0

1,000

2,000

3,000

4,000


Export ImportExport capacity Import capacity


6.2 Interconnection with Portugal: Available commercial capacity and occupation in the exporting and importing directions

2018

MWh

Export

Import

49

-600

-280

40

360

680

1,000


Export ImportExport capacity Import capacity


6.3 Interconnection with Morocco: Available commercial capacity and occupation in the exporting and importing directions

2018

Export

Import

MWh

50


France Portugal Morocco

2017 2018 2017 2018 2017 2018

Export

Commercial capacity 2,300 2,192 1,993 2,222 854 898

Capacity not used 1,851 1,803 1,660 1,891 197 489

Occupation 449 389 333 331 657 409

Import

Commercial capacity 2,564 2,565 3,007 3,083 582 593

Capacity not used 623 764 2,355 2,441 582 579

Occupation 1,941 1,800 652 642 0 14

6.4.1 Average hourly energy in the interconnections

51

-25,000

-13,750

-2,500

8,750

20,000

2008 2010 2012 2014 2016 2018

Andorra Morocco Portugal France

-25,000

-13,750

-2,500

8,750

20,000

2008 2010 2012 2014 2016 2018

Import Export


6.4.2 Annual occupation in the interconnections. PHFC

Export

Import

2018

GWh OCCUPATION BALANCE GWh

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Exports (TWh) 16.91 14.26 12.01 12.32 17.54 15.04 13.09 11.55 12.36 12.94 10.10

Imports (TWh) -5.78 -6.09 -3.59 -6.13 -6.26 -8.21 -9.65 -11.52 -20.29 -22.72 -21.52

Balance (TWh) 11.13 8.16 8.42 6.19 11.28 6.83 3.45 0.03 -7.92 -9.78 -11.42

52

-2,000

-1,750-1,500

-1,250

-1,000

-750-500

-250

0250

500

7501,000

1,250


-2,000

-1,750-1,500

-1,250

-1,000

-750-500

-250

0250

500

ene feb mar abr may jun

France Andorra MoroccoFrance Andorra Morocco


6.5.1 Monthly energies exchanged on the MIBEL borders*

2018 Total export = 7,904 GWh Total import = 16,686 GWh

GWh

*The graph represents the energy imported and exported in the markets managed by OMIE

Export

Import

53

-120,000

-105,000

-90,000

-75,000

-60,000

-45,000

-30,000

-15,000

0

15,000

30,000

45,000

60,000


-2,000

-1,750-1,500

-1,250

-1,000-750

-500

-2500

250

500

ene feb mar abr may jun

France Andorra MoroccoFrance Andorra Morocco


6.5.2 Monthly economic volumes exchanged on the MIBEL borders*

2018 Total export = 446,294 kEUR Total import = 966,634 kEUR

kEUR

*The graph represents the economic volume of imports and exports in the markets managed by OMIE

Export

Import

54

-1,000

-875

-750

-625

-500

-375

-250

-125

0

125

250

375

500



6.6.1 Monthly energies exchanged on the border with Portugal*

2018 Total export = 2,898 GWh Total import = 5,623 GWh

GWh

*The graph represents the energy imported and exported in the markets managed by OMIE

Export

Import

55

-50,000

-43,750

-37,500-31,250

-25,000

-18,750

-12,500-6,250

0

6,25012,500

18,750

25,00031,250



6.6.2 Monthly economic volumes exchanged on the border with Portugal*

2018 Total export = 148,205 kEUR Total import = 342,868 kEUR

kEUR

*The graph represents the economic volume of imports and exports in the markets managed by OMIE

Export

Import

56

Price report 2018 | Prices and energies of European markets

7Prices and energies of European markets

Average monthly prices EUROPEX

Monthly energies EUROPEX

Maximum hourly prices per month in European markets

Minimum hourly prices per monthin European markets

Percentage of hours with hourly price differences below € 1/MWh

7.1

7.2

7.3

7.4

7.5

57

0

20

40

60

80


EPEX - Netherlands NordPool EPEX - Germany EPEX - FranceEXAA - Austria OMIE Spain OMIE - Portugal GME - ItalyOPCOM - Romania OTE - Czech Republic N2EX


7.1 Average monthly prices EUROPEX 2017 - 2018

€/MWh

2017 2018

58

0

10,000

20,000

30,000

40,000


EPEX - Netherlands NordPool EPEX - Germany EPEX - FranceEXAA - Austria OMIE GME - Italy OPCOM - RomaniaOTE - Czech Republic N2EX


7.2 Monthly energies EUROPEX 2017 - 2018

GWh

2017 2018

59

0

75

150

225

300


Spain Portugal Germany France Netherlands Italy United Kingdom


7.3 Maximum hourly prices per month in European markets 2018

€/MWh

60

-80

-60

-40

-20

0

20

40

60


Spain Portugal Germany France Netherlands Italy United Kingdom


7.4 Minimum hourly prices per month in European markets 2018

€/MWh

61

0

0.25

0.5

0.75

1


Portugal / Spain Spain / France


7.5.1 Percentage of hours with hourly price differences below € 1/MWh

at the interconnections between Spain and Portugal and between Spain and France

%

62

46

57,5

57,3

50,2

44

65 53

44

4646

43

4648

5146

96%

27%

2%

1%

57%48%

10%

30%

81%

75%

66%

43%

55

61

61

61

59

61

50%

21%34%

92%84%

89%

PUN: 61

45

43 43

44

44

44

44

47

47

50

50

52

40

72


7.5.2 Prices of international markets with hourly price differences below € 1/MWh

% of hours with price difference < € 1/ MWh % of hours France / Spain < € 1 / MWh in 2018 = 27%

price report 2018 - omel · 2019-02-25 · 6 price report 2018 | mibel: energy, economic volume and...

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