EXCHANGES 2025
Scheduled cross-border electricity exchanges
Information based on provisional data as of January 2026
Spain's scheduled electricity exchanges with other countries closed 2025 with a net export balance for the fourth consecutive year, marking 50 straight months of net exports
The total volume of energy scheduled through interconnections reached 39,408 GWh, a value 4.9% lower than in 2024. A total of 26,206 GWh were scheduled for export, 1.5% more than the previous year, and 13,202 GWh were scheduled for import, 15.5% lower than in 2024. The net balance is export-oriented, totalling 13,004 GWh, a 27.8% increase compared to the previous year.
Annual evolution of international scheduled exchanges
In 2025, the monthly net balance of scheduled exchange programmes in all interconnections of the Spanish electricity system was consistently export-oriented, marking 50 consecutive months of net exports since November 2021. The minimum net exporter balance was 360 GWh in December. The maximum monthly net exporter balance for 2025 was recorded in March at 1,612 GWh. The balance with France was an exporter balance for the first five months of the year, as well as in November. The balance with Portugal, Morocco, and Andorra was an exporter balance every month.
Monthly evolution of international scheduled exchanges in 2025
International scheduled exchanges by transaction type and interconnection
Cross-border electricity exchanges
Cross-border physical energy exchanges
Cross-border electricity exchanges
Exchange capacity