price report 2018 - omel · 2019-02-25 · 6 price report 2018 | mibel: energy, economic volume and...
TRANSCRIPT
Price report 2018ie
1
5
2
6
3 4
7
MIBEL: Energy, economic volume and technologies
pg. 3
Settlement of the day-ahead and intraday market
pg. 42
Day-ahead market
pg. 12
International electricityexchanges
pg. 46
Intraday auctions market
pg. 22
Continuousintraday market
pg. 32
Prices and energies of European markets
pg. 56
INDEX
3
Price report 2018 | MIBEL: Energy, economic volume and technologies
1MIBEL: Energy, economic volume and technologies
Purchases on the MIBEL of energy traded on the day-ahead, intraday auctions and the continuous intraday markets
Economic value of the purchases negotiated on the day-ahead, intraday auctions and the continuous intraday markets
Energy values and contracting on the MIBEL
Energy traded on the day-ahead and intraday markets and final demand on the MIBEL
Energy mix in Spain
Demand coverage by technologies in Spain
Energy mix in Portugal
Demand coverage by technologies in Portugal
1.1
1.2
1.3
1.4
1.5
1.6
1.7
1.8
4
0
7,500
15,000
22,500
30,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Spain 2017 Portugal 2017
1.1 Compras en el MIBEL de la energía negociada en el mercado diario y en el mercado intradiario
Spain 2018 Portugal 2018
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.1 Purchases on the MIBEL of energy traded on the day-ahead, intraday auctions and the continuous intraday markets
The Spanish area includes exports across the borders with France, Morocco and AndorraVariation 2018 - 2017: -1.7%
GWh
5
1.2 Volumen económico de las compras negociadas en el mercado diario y en el mercado intradiario
0
500
1,000
1,500
2,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Spain 2017 Portugal 2017 Spain 2018 Portugal 2018
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.2 Economic value of the purchases negotiated on the day-ahead, intraday auctions and the continuous intraday markets
The Spanish area includes exports across the borders with France, Morocco and AndorraVariation 2018 - 2017: 6.3%
M€
6
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.3 Energy values and contracting on the MIBEL
2018
Day-ahead market
Intraday auctionsmarket
Continuous intradaymarket Total
Energy GWh
Contracting kEUR
Energy GWh
Contracting kEUR
EnergyGWh
Contracting kEUR
EnergyGWh
Contracting kEUR
Jan 21,842 1,150,445 3,000 156,017 24,842 1,306,462
Feb 20,210 1,135,750 2,686 151,680 22,896 1,287,430
Mar 21,690 888,152 3,136 133,239 24,826 1,021,391
Apr 18,366 798,475 2,890 127,248 21,256 925,723
May 18,690 1,052,400 3,082 174,251 21,772 1,226,651
Jun 18,031 1,074,697 2,972 173,601 62 3,685 21,065 1,251,983
Jul 20,370 1,279,409 3,112 193,148 163 10,557 23,645 1,483,114
Aug 19,801 1,293,334 3,592 233,793 315 21,269 23,708 1,548,396
Sep 18,835 1,359,037 3,149 229,257 281 20,965 22,265 1,609,259
Oct 18,929 1,250,391 3,430 227,079 383 24,427 22,742 1,501,897
Nov 20,185 1,275,016 3,280 206,703 363 22,319 23,828 1,504,038
Dec 20,242 1,275,000 3,025 189,338 308 19,028 23,575 1,483,366
year 237,189 13,832,105 37,353 2,195,354 1,876 122,252 276,418 16,149,711
7
1.4 Energía diaria ejecutada por unidades de venta en contratos bilaterales físicos en el MIBEL
0
20
40
60
80
100
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
MIBEL bilaterals Bilateral Portuguese zone % MIBEL bilaterals/Day-ahead market MIBEL
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.4 Energy traded on the day-ahead and intraday markets and final demand on the MIBEL
2018
MWh %
8
1.5 Energía por tecnologías España
14.4%
2.1%3.0%
17.8%
5.5%20.5%
8.4%
12.4%
15.9%
Coal Combined cycle ImportNuclear Hydraulic Wind powerPhotovoltaic solar Thermal solar Cogeneration/Wastes/Mini hydro
15.8%
1.8%2.8%
18.7%
10.3%19.9%
8.0%
9.7%
13.1%
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.5 Energy mix in Spain
Spain2018
Spain2017
60.8%
66.0%
2017 EMISSIONS-FREE
2018 EMISSIONS-FREE
9
1.6 cobertura de la demanda por tecnologías España
0
100
200
300
400
500
600
700
800
900
1,000
1,100
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
Nuclear Cogeneration/Wastes/Mini hydro Wind powerPhotovoltaic solar Thermal solar ImportHydraulic Coal Combined cycle
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.6 Demand coverage by technologiesin Spain
GWh/day
2017 2018
10
1.7 Energía por tecnologías Portugal
14.0%
1.5%
20.7%
11.2%5.1%
23.4%
24.1%
Coal Combined cycleImport HydraulicWind power Photovoltaic solarOther special regime
14.7%
1.4%
21.2%
20.6%
5.0%
17.4%
19.7%
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.7 Energy mixin Portugal
Portugal2018
Portugal2017
44.6%
54.9%
2017 EMISSIONS-FREE
2018 EMISSIONS-FREE
11
1.6 cobertura de la demanda por tecnologías Portugal
0
75
150
225
300
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
Other special regime Wind power Photovoltaic solar ImportHydraulic Coal Combined cycle
Price report 2018 | MIBEL: Energy, economic volume and technologies
1.8 Demand coverage by technologiesin Portugal
GWh/day
2017 2018
12
Price report 2018 | Day-ahead market
2Day-ahead market
Monthly energy and average monthly priceof the day-ahead market
Energy and price of the day-ahead market MIBEL
Acquisitions on the day-ahead market
Percentage of the number of hours with market splitting by hourly period in theday-ahead market
Significant figures of the day-ahead market
2.1
2.2
2.3
2.4
2.5
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
13
Average monthly price (€/MWh)
Energy purchased (GWh)
2018 2017 2018 2017
Jan 49.98 71.49 17,028 17,753
Feb 54.88 51.74 15,696 14,935
Mar 40.18 43.19 15,916 14,722
Apr 42.67 43.69 13,989 13,783
May 54.92 47.11 14,619 15,532
Jun 58.46 50.22 14,061 17,053
Jul 61.88 48.63 16,208 17,696
Aug 64.33 47.46 15,545 16,569
Sep 71.27 49.15 14,679 15,029
Oct 65.08 56.77 14,288 15,589
Nov 61.97 59.19 15,254 16,557
Dec 61.81 57.94 15,443 16,997
year 57.29 52.24 182,727 192,214
2.1.1 Monthly energy and average monthly price of the day-ahead market
Spanish area
Price report 2018 | Day-ahead market
14
0
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Spain 2017 Spain 2018
2.1.1 Precio medio del mercado diario España
Price report 2018 | Day-ahead market
2.1.1 Average monthly price of the day-ahead market Spanish area 2017 - 2018
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
15
2.1.2 Monthly energy and average monthly price of the day-ahead market
Portuguese area
Price report 2018 | Day-ahead market
Average monthly price(€/MWh)
Energy purchased(GWh)
2018 2017 2018 2017
Jan 51.63 71.52 4,797 4,671
Feb 54.98 51.39 4,363 4,174
Mar 39.75 43.95 4,781 4,348
Apr 42.66 44.18 4,243 3,960
May 55.08 47.12 4,066 4,121
Jun 58.48 50.22 3,971 4,093
Jul 61.84 48.60 4,159 4,225
Aug 64.29 47.43 4,109 4,058
Sep 71.30 49.16 4,089 4,011
Oct 65.38 56.97 4,227 4,137
Nov 62.01 59.36 4,276 4,151
Dec 61.87 59.49 4,456 4,691
year 57.45 52.48 51,537 50,640
16
0
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Portugal 2017 Portugal 2018
2.1.2 Precio medio del mercado diario Portugal
Price report 2018 | Day-ahead market
2.1.2 Average monthly price of the day-ahead market Portuguese area 2017 - 2018
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
17
2.2 Energy and price of the day-ahead market MIBEL
Price report 2018 | Day-ahead market
2017 - 20182.2 Energía y precio del mercado diario MIBEL
0
200
400
600
800
1,000
0
50
100
150
200
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Average price Spanish side (€/MWh) Average price Portuguese side (€/MWh)Day-ahead energy MIBEL (GWh) Day-ahead energy Spanish side (GWh)
€/MWh GWh
2017 2018
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
18
2.3.1 Acquisitions on the day-ahead market Spanish electricity system
Price report 2018 | Day-ahead market
2.3 Adquisiciones del mercado diario Sistema Eléctrico Español
0
1,500
3,000
4,500
6,000
7,500
9,000
10,500
12,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Retailers (except for RRR) direct consumersReferences Retailers (RRR)Rest of consumption
GWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
19
2.3.2 Acquisitions on the day-ahead market Portuguese electricity system
Price report 2018 | Day-ahead market
0
375
750
1,125
1,500
1,875
2,250
2,625
3,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Retailers (except for RRR) direct consumersReferences Retailers (RRR)Rest of consumption
GWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
20
2.4 Percentage of the number of hours with market splitting by hourly period in the day-ahead market
2017 - 2018
Price report 2018 | Day-ahead market
2.4 Porcentaje de número de horas con separación de mercados por periodo horario en el mercado diario
0
12.5
25
37.5
50
62.5
75
87.5
100
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
Market-splitting: import direction balance Without market-splittingMarket-splitting: export direction balance Market-splitting: null balance
%
94.79%
Withoutmarket-splitting
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
21
Prices
Spain Portugal
€/MWh Date €/MWh Date
Peak hourly 84.13 1 hour (04 October) 84.13 1 hour (04 October)
Minimum hourly 2.06 3 hours (01 January) 2.30 7 hours (30 and 31 March)
Maximum price difference 63.30 12 March 63.30 12 March
Minimum price difference 2.30 07 July 2.30 07 July
Average day-aheadmaximum
75.93 19 September 75.93 19 September
Average day-aheadminimum
4.50 30 March 4.50 30 March
Average montlymaximum 71.27 September 71.30 September
Average mensualminimum 40.18 March 39.75 March
2.5 Significant figures of the day-ahead market2018
Price report 2018 | Day-ahead market
22
Price report 2018 | Intraday auctions market
3Intraday auctions market
Monthly energy and average monthly price of the intraday auctions market
Energy and price of the intraday auctions market
Sales and purchases on the intraday auctions market
Comparison of average arithmetic daily prices of the day-ahead and the intraday auctions market
3.1
3.2
3.3
3.4
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
23
Average monthly price (€/MWh)
Energy purchased(GWh)
2018 2017 2018 2017
Jan 52.08 74.97 2,655 2,438
Feb 56.11 52.20 2,324 2,443
Mar 41.76 44.08 2,692 2,715
Apr 43.22 44.01 2,532 2,346
May 55.22 47.51 2,761 2,439
Jun 57.84 50.31 2,744 2,648
Jul 62.11 48.47 2,826 2,611
Aug 64.93 47.38 3,312 2,534
Sep 72.55 48.73 2,885 2,611
Oct 65.60 57.36 3,103 3,133
Nov 62.73 61.79 2,923 3,052
Dec 62.13 60.27 2,667 2,667
year 58.03 53.12 33,423 31,636
Price report 2018 | Intraday auctions market
3.1.1 Monthly energy and average monthly price of the intraday auctions market
Spanish area
24
3.1.1 Precio mensual medio del mercado intradiario España
0
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Spain 2017 Spain 2018
Price report 2018 | Intraday auctions market
3.1.1 Average monthly price of the intraday auctions market
Spanish area 2017 - 2018
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
25
Average monthly price (€/MWh) Energy purchased (GWh)
2018 2017 2018 2017
Jan 52.90 74.93 345 326
Feb 56.21 51.28 362 324
Mar 41.20 44.65 445 402
Apr 43.16 44.47 358 362
May 55.48 47.51 321 336
Jun 57.83 50.31 228 306
Jul 62.07 48.45 285 327
Aug 64.89 47.34 280 300
Sep 72.54 48.73 264 276
Oct 65.84 57.56 327 300
Nov 62.81 62.00 357 373
Dec 62.22 61.20 358 334
year 58.10 53.24 3,930 3,965
3.1.2 Monthly energy and average monthly price of the intraday auctions market
Portuguese area
Price report 2018 | Intraday auctions market
26
3.1.2 Precio mensual medio del mercado intradiario Portugal
0
10
20
30
40
50
60
70
80
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
Portugal 2017 Portugal 2018
Price report 2018 | Intraday auctions market
3.1.2 Average monthly price of the intraday auctions market
Portuguese area 2017 - 2018
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
27
3.2 Energy and price of the intraday auctions market2017 - 2018
Price report 2018 | Intraday auctions market
3.2 Energía y precio del mercado intradiario
0
25,000
50,000
75,000
100,000
125,000
150,000
175,000
200,000
225,000
0
50
100
150
200
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Average arithmetic price Spanish electricity system (€/MWh) Average arithmetic price Portuguese electricity system (€/MWh) Total acquired energy MIBEL (MWh)
MWh
2017 2018
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
28
3.3.1 Sales and purchases on the intraday auctions market
Spanish electricity system
Price report 2018 | Intraday auctions market
3.3 Ventas y compras en el mercado intradiario Sistema Eléctrico Español
-200,000
-150,000
-100,000
-50,000
0
50,000
100,000
150,000
200,000
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Production unit Pumping unit Purchasing unitProduction unit Pumping unit Purchasing unit
MWh
2017 2018
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
29
3.3.2 Sales and purchases on the intraday auctions market
Portuguese electricity system
Price report 2018 | Intraday auctions market
-40,000
-30,000
-20,000
-10,000
0
10,000
20,000
30,000
40,000
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Production unit Pumping unit Purchasing unitProduction unit Pumping unit Purchasing unit
2017 2018
MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
30
3.4.1 Comparison of average arithmetic daily prices of the day-ahead and the intraday auctions market
Spanish electricity system
Price report 2018 | Intraday auctions market
-20
0
20
40
60
80
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Day-ahead market Intraday auctions market Difference day-ahead-intraday
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
31
Price report 2018 | Intraday auctions market
3.4.2 Comparison of average arithmetic daily prices of the day-ahead and the intraday auctions market
Portuguese electricity system
-20
0
20
40
60
80
100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Day-ahead market Intraday auctions market Difference day-ahead-intraday
€/MWh
32
Price report 2018 | Continuous intraday market
4Continuous intraday market*
*The continuous intraday marketstarted on June 13, 2018
Energy volume and monthly price of the continuous intraday market
Comparison of energy volumes between the intraday market auctions sessions and the continuous intraday market
Sales and purchases in the continuous intraday market
4.1
4.2
4.3
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
33
MonthMax. price
Spain(€/MWh)
Min. priceSpain
(€/MWh)
Weighted average price
Spain (€/MWh)
Sales volume Spain(MWh)
Purchase volume Spain(MWh)
Jun 81.60 20.85 58.37 43,344.1 38,919.4
Jul 150.00 40.31 63.96 89,963.1 76,110.2
Aug 173.30 43.80 66.89 159,448.7 122,019.6
Sep 180.30 36.01 74.34 139,388.5 134.831.5
Oct 105.00 0.00 62.72 215,499.7 159,338.4
Nov 80.05 29.80 61.03 201,072.9 154,988.2
Dec 150.00 11.00 61.69 187,543.7 123,114.7
4.1.1 Energy volume and monthly price of the continuous intraday market
Spanish area
Price report 2018 | Continuous intraday market
34
0
50
100
150
200
Jun Jul Aug Sep Oct Nov Dec
Max. price Spain (€/MWh) Min. price Spain (€/MWh)Weighted average price Spain (€/MWh)
Price report 2018 | Continuous intraday market
4.1.1 Monthly price of the continuous intraday market Spanish area 2017 - 2018
€/MWh
35
Price report 2018 | Continuous intraday market
MonthMax. price Portugal (€/MWh)
Min. price Portugal(€/MWh)
Weighted average price
Portugal (€/MWh)
Sales volume Portugal (MWh)
Purchase volume Portugal (MWh)
Jun 80.00 21.84 61.34 11,925.2 3,865.1
Jul 102.73 45.00 65.65 38,459.0 19,408.0
Aug 152.00 45.70 68.86 52,857.2 46,587.3
Sep 99.25 48.00 75.06 42,368.4 33,460.4
Oct 105.00 10.23 68.16 53,320.0 30,480.3
Nov 77.35 29.91 63.25 49,793.9 37,065.8
Dec 83.10 23.90 61.30 41,324.1 50,238.8
4.1.2 Energy volume and monthly price of the continuous intraday market
Portuguese area
36
0
40
80
120
160
Jun Jul Aug Sep Oct Nov Dec
Max. price Portugal (€/MWh) Min. price Portugal (€/MWh)Weighted average price Portugal (€ / MWh)
Price report 2018 | Continuous intraday market
4.1.2 Monthly price of the continuous intraday market Portuguese area 2017 - 2018
€/MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
37
4.2.1 Comparison of energy volumes between the intraday market auctions sessions and the continuous intraday market
Spanish area
Price report 2018 | Continuous intraday market
0
750,000
1,500,000
2,250,000
3,000,000
0
750,000
1,500,000
2,250,000
3,000,000
Jun Jul Aug Sep Oct Nov Dec
Continuous market 1 2 3 4 5 6
GWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
38
4.2.2 Comparison of energy volumes between the intraday market auctions sessions and the continuous intraday market
Portuguese area
Price report 2018 | Continuous intraday market
0
55,000
110,000
165,000
220,000
Jun Jul Aug Sep Oct Nov Dec
Continuous market 1 2 3 4 5 6
GWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
39
Price report 2018 | Continuous intraday market
4.3.1 Sales and purchases in the continuous intraday market Spanish area
-15,000
-10,000
-5,000
0
5,000
10,000
15,000
20,000
Jun Jul Aug Sep Oct Nov Dec
Pumping unit Purchasing unit Production unitPumping unit Purchasing unit Production unit
MWh
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
40
Price report 2018 | Continuous intraday market
4.3.2 Sales and purchases in the continuous intraday market Portuguese area
-10,000
-7,500
-5,000
-2,500
0
2,500
5,000
7,500
10,000
Jun Jul Aug Sep Oct Nov Dec
Pumping unit Purchasing unit Production unitPumping unit Purchasing unit Production unit
MWh
41
Price report 2018 | Continuous intraday market
0
100
200
300
400
500
600
7008.3%
12.1%
21.0%
25.7%
32.9%
Exports from Spain French borderInternal MIBELFrench border imports to SpainExports from Portugal French borderFrench border imports to Portugal
4.3.3 Energy traded by country in the continuous intraday market
GWh Energy traded by country % energy traded by countryInforme de precios 2018 | Merca-
do intradiario continuo
42
Price report 2018 | Settlement of the day-ahead and intraday market
5Settlement of the day-ahead and intraday market
Weekly trend in the volume of collections and payments, in price and energy. Day-ahead and intraday markets
Congestion rent in the Spanish-Portuguese interconnection
Congestion rent in the Spanish-French interconnection
5.1
5.2
5.3
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
43
Price report 2018 | Settlement of the day-ahead and intraday market
5.1 Weekly trend in the volume of collections and payments, in price and energy. Day-ahead and intraday markets
2017 - 2018
0
75
150
225
300
0
75
150
225
300
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Market price % Energy evolution % Price evolution
M€/Week %
2017 2018
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
44
Price report 2018 | Settlement of the day-ahead and intraday market
5.2 Congestion rent in the Spanish-Portuguese interconnection
2017 - 2018
0
10
20
30
40
0
0.55
1.1
1.65
2.2
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
Day-ahead market rent Intraday market rent % hours market-splitting day-ahead market
M€
2017 2018
%
Informe de precios 2018 | MIBEL: Energía, volumen económico y tecnologías
45
Price report 2018 | Settlement of the day-ahead and intraday market
5.3 Congestion rent in the Spanish-French interconnection
2017 - 2018
0
25
50
75
100
0
10
20
30
40
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
% Hours market-splitting Day-ahead market rent
%
2017 2018
M€
46
Price report 2018 | International electricity exchanges
6International electricity exchanges
Interconnection with France:Available commercial capacity and occupation in the exporting and importing directions
Interconnection with Portugal:Available commercial capacity and occupation in the exporting and importing directions
Interconnection with Morocco: Available commercial capacity and occupation in the exporting and importing directions
Average hourly energy in the interconnections
MIBEL borders: energies and economic volumes
Border with Portugal: energies and economic volumes
6.1
6.2
6.3
6.4
6.5
6.6
47
-5,000
-3,333
-1,667
0
1,667
3,333
5,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Export Export capacityImport Import capacity
Price report 2018 | International electricity exchanges
6.1 Interconnection with France: Available commercial capacity and occupation in the exporting and importing directions
2018
Export
Import
MWh
48
-4,000
-3,000
-2,000
-1,000
0
1,000
2,000
3,000
4,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Export ImportExport capacity Import capacity
Price report 2018 | International electricity exchanges
6.2 Interconnection with Portugal: Available commercial capacity and occupation in the exporting and importing directions
2018
MWh
Export
Import
49
-600
-280
40
360
680
1,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Export ImportExport capacity Import capacity
Price report 2018 | International electricity exchanges
6.3 Interconnection with Morocco: Available commercial capacity and occupation in the exporting and importing directions
2018
Export
Import
MWh
50
Price report 2018 | International electricity exchanges
France Portugal Morocco
2017 2018 2017 2018 2017 2018
Export
Commercial capacity 2,300 2,192 1,993 2,222 854 898
Capacity not used 1,851 1,803 1,660 1,891 197 489
Occupation 449 389 333 331 657 409
Import
Commercial capacity 2,564 2,565 3,007 3,083 582 593
Capacity not used 623 764 2,355 2,441 582 579
Occupation 1,941 1,800 652 642 0 14
6.4.1 Average hourly energy in the interconnections
51
-25,000
-13,750
-2,500
8,750
20,000
2008 2010 2012 2014 2016 2018
Andorra Morocco Portugal France
-25,000
-13,750
-2,500
8,750
20,000
2008 2010 2012 2014 2016 2018
Import Export
Price report 2018 | International electricity exchanges
6.4.2 Annual occupation in the interconnections. PHFC
Export
Import
2018
GWh OCCUPATION BALANCE GWh
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Exports (TWh) 16.91 14.26 12.01 12.32 17.54 15.04 13.09 11.55 12.36 12.94 10.10
Imports (TWh) -5.78 -6.09 -3.59 -6.13 -6.26 -8.21 -9.65 -11.52 -20.29 -22.72 -21.52
Balance (TWh) 11.13 8.16 8.42 6.19 11.28 6.83 3.45 0.03 -7.92 -9.78 -11.42
52
-2,000
-1,750-1,500
-1,250
-1,000
-750-500
-250
0250
500
7501,000
1,250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-2,000
-1,750-1,500
-1,250
-1,000
-750-500
-250
0250
500
ene feb mar abr may jun
France Andorra MoroccoFrance Andorra Morocco
Price report 2018 | International electricity exchanges
6.5.1 Monthly energies exchanged on the MIBEL borders*
2018 Total export = 7,904 GWh Total import = 16,686 GWh
GWh
*The graph represents the energy imported and exported in the markets managed by OMIE
Export
Import
53
-120,000
-105,000
-90,000
-75,000
-60,000
-45,000
-30,000
-15,000
0
15,000
30,000
45,000
60,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
-2,000
-1,750-1,500
-1,250
-1,000-750
-500
-2500
250
500
ene feb mar abr may jun
France Andorra MoroccoFrance Andorra Morocco
Price report 2018 | International electricity exchanges
6.5.2 Monthly economic volumes exchanged on the MIBEL borders*
2018 Total export = 446,294 kEUR Total import = 966,634 kEUR
kEUR
*The graph represents the economic volume of imports and exports in the markets managed by OMIE
Export
Import
54
-1,000
-875
-750
-625
-500
-375
-250
-125
0
125
250
375
500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Price report 2018 | International electricity exchanges
6.6.1 Monthly energies exchanged on the border with Portugal*
2018 Total export = 2,898 GWh Total import = 5,623 GWh
GWh
*The graph represents the energy imported and exported in the markets managed by OMIE
Export
Import
55
-50,000
-43,750
-37,500-31,250
-25,000
-18,750
-12,500-6,250
0
6,25012,500
18,750
25,00031,250
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Price report 2018 | International electricity exchanges
6.6.2 Monthly economic volumes exchanged on the border with Portugal*
2018 Total export = 148,205 kEUR Total import = 342,868 kEUR
kEUR
*The graph represents the economic volume of imports and exports in the markets managed by OMIE
Export
Import
56
Price report 2018 | Prices and energies of European markets
7Prices and energies of European markets
Average monthly prices EUROPEX
Monthly energies EUROPEX
Maximum hourly prices per month in European markets
Minimum hourly prices per monthin European markets
Percentage of hours with hourly price differences below € 1/MWh
7.1
7.2
7.3
7.4
7.5
57
0
20
40
60
80
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
EPEX - Netherlands NordPool EPEX - Germany EPEX - FranceEXAA - Austria OMIE Spain OMIE - Portugal GME - ItalyOPCOM - Romania OTE - Czech Republic N2EX
Price report 2018 | Prices and energies of European markets
7.1 Average monthly prices EUROPEX 2017 - 2018
€/MWh
2017 2018
58
0
10,000
20,000
30,000
40,000
Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov
EPEX - Netherlands NordPool EPEX - Germany EPEX - FranceEXAA - Austria OMIE GME - Italy OPCOM - RomaniaOTE - Czech Republic N2EX
Price report 2018 | Prices and energies of European markets
7.2 Monthly energies EUROPEX 2017 - 2018
GWh
2017 2018
59
0
75
150
225
300
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Spain Portugal Germany France Netherlands Italy United Kingdom
Price report 2018 | Prices and energies of European markets
7.3 Maximum hourly prices per month in European markets 2018
€/MWh
60
-80
-60
-40
-20
0
20
40
60
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Spain Portugal Germany France Netherlands Italy United Kingdom
Price report 2018 | Prices and energies of European markets
7.4 Minimum hourly prices per month in European markets 2018
€/MWh
61
0
0.25
0.5
0.75
1
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Portugal / Spain Spain / France
Price report 2018 | Prices and energies of European markets
7.5.1 Percentage of hours with hourly price differences below € 1/MWh
at the interconnections between Spain and Portugal and between Spain and France
%
62
46
57,5
57,3
50,2
44
65 53
44
4646
43
4648
5146
96%
27%
2%
1%
57%48%
10%
30%
81%
75%
66%
43%
55
61
61
61
59
61
50%
21%34%
92%84%
89%
PUN: 61
45
43 43
44
44
44
44
47
47
50
50
52
40
72
Price report 2018 | Prices and energies of European markets
7.5.2 Prices of international markets with hourly price differences below € 1/MWh
% of hours with price difference < € 1/ MWh % of hours France / Spain < € 1 / MWh in 2018 = 27%