MARKETS 2024

Energy and prices scheduled for security reasons

Information based on provisional data as of January 2025

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The energy scheduled for the resolution of technical restrictions amounted to 21,436 MWh, 29.8% higher than in the previous year. A total of 88.7% of the total energy has been scheduled upward. This year, the upward energy scheduled increased by 37.5% compared to 2023, while the downward energy scheduled decreased by 10.1%.

The energy for restrictions to the daily base operating schedule (PDBF) was 13,588 GWh upward (compared to 9,502 GWh in 2023) and 1,717 GWh downward (13.5% higher than 2023). The average value of the upward energy price in phase 1 was €134.6/MWh, 21.6% lower than last year, and the downward energy price in phase 1 was €55.9/MWh, 23.7% lower than last year. The prices for phase II (reconciliation) were 110.5 €/MWh for the upward price (9.6% higher than in 2023) and 43.2 €/MWh for the downward price (43.7% lower than the previous year). The impact on the average final price was 5.22 €/MWh, compared to 4.56 €/MWh the previous year.

The scheduled energy in phase I of the PDBF technical restrictions corresponded almost entirely to upward coal, combined cycle, and pumped storage technologies. The downward energy in phase I amounts to almost an eighth of the upward energy and corresponds largely to renewables (89% to wind power and solar energy). The upward energy scheduled in phase II corresponded mainly to cogeneration, wind power, and solar energy, whereas downward energy for this phase corresponded mainly to renewable energies (wind power, solar energy, and hydroelectric).

The scheduled energy for real time restrictions amounted to 6,130 GWh, 11.4% more than the previous year's value. The remaining 88.6% corresponds to upward allocations and the remaining 11.4% to downward allocations. The impact on the average final price was 3.61 €/MWh, compared to 3.65 €/MWh the previous year.

Energy by restrictions to PDBF and real-time restrictions

Average weighted prices by restrictions to PDBF and real-time restrictions

€/MWh

Average weighted prices by restrictions to PDBF and real-time restrictions (€/MWh) | Electricity system: Peninsular.

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