MARKETS 2023

Energy and prices scheduled for security reasons

Information based on provisional data as of January 2024

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The energy scheduled for the resolution of technical restrictions amounted to 16,522 MWh, 99.4 % higher than in the previous year. A total of 83.7 % of the total energy has been scheduled upward. This year, the upward energy scheduled has doubled compared to 2022, while the downward energy scheduled only increased by 30.1 %.

The energy for restrictions to the daily base operating schedule (PDBF) was 9,502 GWh upward (compared to 4,531 GWh in 2022) and 1,512 GWh downward (14.2 % higher than 2022). The average value of the upward energy price was €170.9/MWh, 27.4 % lower than last year, and the downward energy price was €76.1/MWh, 47.5 % lower than last year. The impact on the average final price was €4.58/MWh, compared to €2.00/MWh the previous year.

The scheduled energy in phase I of the PDBF technical restrictions corresponded almost entirely to upward combined cycle and coal technologies. The downward energy in phase I is less than a sixth of the upward energy and corresponds largely to renewables (80 % to wind and solar).

The scheduled energy for technical restrictions in real time amounted to 5,508 GWh, more than double the previous year's value. The remaining 78.7 % corresponds to upward allocations and the remaining 21.3 % to downward allocations. The impact on the average final price was €3.66/MWh, compared to €2.68/MWh the previous year.

Energy by restrictions to PDBF and real-time

Average weighted prices by restrictions to PDBF and real-time

€/MWh

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

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