MARKETS 2025
Replacement reserves markets
Information based on provisional data as of January 2026
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The average hourly range of secondary regulation allocated upward was 1,181 MW, compared to 922 MW the previous year, with an impact of €3.19/MWh (including range and RAD) of demand served, 12.2% higher than the previous year. The annual weighted average price on the upward side was €32.34/MW and the highest monthly price occurred in December with €67.59/MW. The annual weighted average price on the downward side was €20.42/MW and the highest monthly price occurred in January with €37.46/MW.
Secondary regulation reserve
Secondary regulation range (MW | €/MW) | Electricity system: Peninsular.
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