Day Ahead Power ES – 05/01/2024
In June 14 2022 has started the Gas Price Cap for the Iberian wholesale electricity market in order to lower the input costs of fossil fuel-fired power stations. Until the end of the month of December the price cap is set at 65 €/MWh.
Therefore, the measure allows less instability for the daily average day-ahead market price in confront of others european market.
As it comes the results for the 05th of January flow day, we observe a variation of prices of -22.74 €/MWh compared to the day before, setting the average price traded in day ahead of 68,62 €/MWh.
Minimun hour power price is 30,55 €/MWh (at 4 pm) and its maximum at 90,88 €/MWh (at 9 am).
Power Spot Price Spread:
Spain-Portugal‘s spread is -0,30 €/MWh, with a daily variation of -0,30 €/MWh;
Spain-France -21,92 €/MWh (-34,30 €/MWh).
Power CrossBorder Net-Import Flows:
Andorra net-import flow is about -1,19 GWh, with a daily variaton of 0,02 of GWh;
France -49,01 GWh (-125.23 GWh);
Morocco -1,49 GWh (+3328 GWh);
Portugal -24,37 GWh (-12,20 GWh).
Fer generation contributes to the price, since the levels are 14900 MWh/h forecasted for tomorrow (+7300 MWh/h in daily basis).