MARKETS 2024
Balancing markets
Information based on provisional data as of January 2025
The balancing markets (secondary regulation, tertiary regulation, replacement reserve, and secondary control reserve avoided via the European platform for International Grid Control Cooperation, IGCC) had total energy needs of 13,920 GWh. Of this total, 46.7% corresponded to upward energy management and the remaining 53.3% to downward energy management.
The largest energy needs were covered by tertiary regulation, secondary regulation, and replacement reserve. It is worth highlighting the significant share of renewable generation in these services.
Evolution of energy requirements covered through energy balancing
In 2024, almost all the activation of the tertiary regulation service was scheduled (98.4%), which is why aggregate data for both activations are included in this report for all the data corresponding to tertiary control allocations. In December, with Spain's entry into the European platform MARI, border allocations appear, which are included in the chapter on exchanges.
Balancing prices in €/MWh
TWh
Tertiary regulation. Breakdown by technology. Annual total
MWh
Replacement reserves. Breakdown of allocations by technology. Annual total
MWh
Electricity markets
Energy and prices scheduled for security reasons
Electricity markets
Voluntary price for small consumers (VPSC)