Price report - OMIE · 2020. 2. 12. · Price report 2017 1. gy hnologies 3 1.2. 1.1. Economic...

Price report2017

Index.Price report 2017

Daily Market

Settlement of the Daily and Intraday Market

Prices and energies of European Markets

pag. 7

pag. 17

pag. 25

1.

3.

5.

2.

4.

6.

pag. 2

pag. 12

pag. 20

MIBEL: Energy, economic volume and technologies

Intraday Market

International electricity exchanges

1. MIBEL: Energy, economic volume and technologiesPrice report 2017

2

MIBEL: Energy, economic volume and technologies1.1. Purchases on the MIBEL of energy traded on the

Daily and Intraday Markets3

3

4

4

5-6

1.2. Economic value of the purchases negotiated on the Daily and Intraday Markets

1.3. Energy values and contracting on the MIBEL

1.4. Energy traded on the Daily and Intraday Markets and final demand on the MIBEL

1.5. Energy and Demand coverage by technologies


3

1.2.

1.1.

Economic value of the purchases negotiated on the Daily and Intraday Markets

Purchases on the MIBEL of energy traded on the Daily and Intraday Markets

The Spanish zone includes exports across the borders with France, Morocco and Andorra

The Spanish zone includes exports across the borders with France, Morocco and Andorra

GWh

30,000

25,000

20,000

15,000

10,000

5,000

0

Spain 2016 Spain 2017 Portugal 2016 Portugal 2017

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year

M€

1,600

1,800

2,000

1,400

1,200

1,000

800

600

400

200

0

Spain 2016 Spain 2017 Spain 2016 Spain 2017

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year

Variation2017-2016

4.3%

Variation 2017-2016

37.8%


4

2017

2017

450,000

MWh %

100

80

60

40

20

0

400,000

350,000

300,000

250,000

200,000

150,000

100,000

50,000

0

JulJan Feb Mar Apr May Jun Aug Sep Oct Nov Dec

MIBEL bilaterals

Bilateral Portuguese zone

% MIBEL bilaterals/Daily Market MIBEL

JanFebMarAprMayJunJulAugSepOctNovDec

Year

Daily Market Intraday Market Total

EnergyGW h

ContractingkEUR

EnergyGWh

ContractingkEUR

EnergyGWh

ContractingkEUR

23,223 1,714.858 2,764 209,836 25,987 1,924,694

19,583 1,037.749 2,767 145,744 22,350 1,183,493

19,178 849,646 3,117 138,361 22,295 988,007

17,763 791,271 2,708 120,165 20,471 911,436

19,654 947,930 2,775 132,189 22,429 1,080,119

21,146 1,085,866 2,954 149,793 24,100 1,235,659

21,921 1,086,840 2,939 143,102 24,860 1,229,942

20,627 1,004,247 2,834 134,849 23,461 1,139,096

19,040 953,652 2,886 141,585 21,926 1,095,237

19,809 1,148,156 3,433 199,074 23,242 1,347,230

21,479 1,307,475 3,424 214,725 24,903 1,522,200

22,226 1,353.052 3,001 182,700 25,227 1,535,752

245,650 13,280,742 35,601 1,912,122 281,251 15,192,864

1.3.

Energy traded on the daily and intraday markets and final demand on the MIBEL

Energy values and contracting on the MIBEL

1.4.


5

2016 - 2017

8.4%

20.5% 5.5%

17.8%

14.2% 15.9%

8.

20 5%5.5%

%

14.2% 15.9%

Spain2017

12.6%

3.0% 2.1%

7.6%

21.0% 12.0%

18.0%

14.3% 13.0%

7

21.0%12.0%

%

14.3% 13.0%

Spain2016

9.3% 2.8% 2.0%

Cogeneration/Wastes/Mini Hydra

Coal Import HydraulicCombined cycle Nuclear Wind power

Thermal solarPhotovoltaic solar

800

1,000

600

400

200

0

GWh/day

2016 2017

Thermal solar Import Hydraulic Coal

Nuclear Cogeneration/Wastes/Mini hidra Wind power Photovoltaic solar

Jan Mar May Jul Sep Nov Jan Mar May Jul Sep Nov

Combined cycle

1.5.

Demand coverage by technologiesin Spain

Energy by technologiesin Spain

1.6.


6

24.1%

23.4%

5.1% 11.2%

20.7%

1.5%

14.0% 24.1

23.4

1%11.2%

%

5%

14.0%

Portugal2017

20.6%

12.5%

3.2%

25.9%

21.2%

1.4%

15.2% 20.

1

3.2%

25 9%

%

%

15.2%

Portugal2016

Coal Combined cycled Import Hydraulic Wind power

Other special regimePhotovoltaic solar

300

225

150

75

0

GWh/day

2016 2017

Coal Combined cycleHydraulic

Other special regime Wind power Photovoltaic solar Import


2016 - 2017

1.7.

Demand coverage by technologiesin Portugal

Energy by technologiesin Portugal

1.8.

7

Price report 2017 2. Daily market

Daily Market2.1. Monthly energy and Average monthly price of the

Daily Market 8-9

10

10

11

11

2.2. Energy and price of the Daily Market MIBEL

2.3. Acquisitions on the Spanish Electricity System Daily Market

2.4. Percentage of the number of hours with Market splitting by hourly period in the Daily Market

2.5. Significant figures of the Daily Market

8


10

0

30

20

50

40

80

60

€/MWh

2016 2017

70

YearJulJan Feb Mar Apr May Jun Aug Sep Oct Nov Dec

Average Monthly Price (€/MWh) Energy Purchased (GWh)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year

2017 2016 2017 2016

71.49 36.53 17,753 15,561

51.74 27.50 14,935 16,003

43.19 27.80 14,722 15,291

43.69 24.11 13,783 13,653

47.11 25.77 15,532 13,981

50.22 38.90 17,053 14,325

48.63 40.53 17,696 15,979

47.46 41.16 16,569 15,669

49.15 43.59 15,029 15,382

56.77 52.83 15,589 14,719

59.19 56.13 16,557 16,390

57.94 60.49 16,997 17,018

52.24 39.67 192,214 183,970

2.1.1Monthly energy and Average monthly price of the Daily MarketSpanish side

2016 - 2017Average monthly price of the Daily Market

9


10

0

30

20

50

40

80

60

€/MWh

2016 2017

70



Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year


2017 2016 2017 2016

71.52 36.39 4,671 4,483

51.39 27.35 4,174 4,197

43.95 27.70 4,348 4,300

44.18 23.50 3,960 3,955

47.12 24.93 4,121 3,971

50.22 38.28 4,093 3,854

48.60 40.36 4,225 4,214

47.43 41.14 4,058 3,966

49.16 43.61 4,011 3,914

56.97 52.78 4,137 4,060

59.36 56.25 4,151 4,143

59.49 60.27 4,691 4,445

52.48 39.44 50,640 49,501

2.1.2Monthly energy and Average monthly price of the Daily MarketPortuguese side

2016 - 2017Average monthly price of the Daily Market

10


2016 - 2017

50

100

150

200 1,000

800

600

400

200

0 0

€/MWh GWh

2016 2017

Average price Spanish side (€/MWh) Average price Portuguese side (€/MWh)

Daily energy MIBEL (GWh) Daily energy Spanish side (GWh)


GWh

0

10,000

5,000

15,000

Retailers (except for RRR) direct consumers

References Retailers (RRR)

Rest of consumption


2017

2.2.

Acquisitions on the Daily Market Spanish Electricity System

Energy and price of the Daily Market MIBEL

2.3.

11


%

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 240

10

20

30

40

50

60

70

80

90

100

Hours

Separation of markets:Import direction balance

Separation of markets:null balance

Without separation of marketsSeparation of markets:export direction balance

PricesSpain

Date DatePeak Hourly

Minimum Hourly

Maximum Price Di er

Minimum Price Di er

Average Daily Maximum

Average Daily Maximum

Average Montly Maximum

Average Mensual Minimum

Portugal

€/MWh €/MWh101.99 1 hour (25 January) 101.99 1 hours (21 January)

2.30 2 hours (30 April) 8.00 1 hours (05 February)

70.24 11 December 52.07 05 February

3.19 29 August 3.19 29 August

91.88 25 January 91.91 25 January

16.15 31 December 23.63 31 December

71.49 January 71.52 January

43.19 March 43.95 March

Withoutseparationof markets

93.30%

2016 - 2017

2017

2.4.

Significant figures of the Daily Market

Percentage of the number of hours with market splitting by hourly period in the Daily Market

2.5.

12

Price report 2017 3. Intraday market

Intraday Market3.1. Monthly energy and Average monthly price of the

Intraday Market13-14

15

15

16

3.2. Energy and price of the Intraday Market

3.3. Sales and purchases on the Intraday Market. Spanish Electricity System

3.4. Comparison of average arithmetic Daily prices of the Daily and Intraday Markets. Spanish Electricity System

13


10

0

30

20

50

40

80

60

€/MWh

2016 2017

70



Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year

2017 2016 2017 2016

74.97 37.68 2,438 2,500

52.20 28.34 2,443 2,320

44.08 28.86 2,715 2,341

44.01 25.13 2,346 2,382

47.51 26.53 2,439 2,493

50.31 38.95 2,648 2,234

48.47 41.36 2,611 2,300

47.38 41.28 2,534 2,117

48.73 44.08 2,611 2,240

57.36 53.80 3,133 2,627

61.79 58.20 3,052 2,474

60.27 62.30 2,667 2,176

53.12 40.60 31,636 28,205

3.1.1Monthly energy and Average monthly price of the Intraday Market Spanish side

2016 - 2017Average monthly price of the Intraday Market

14


10

0

30

20

50

40

80

60

€/MWh

2016 2017

70



Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Year

2017 2016 2017 2016

74.93 326

51.28 324

44.65 402

44.47 362

47.51 336

50.31 306

48.45 327

47.34 300

48.73 276

57.56 300

62.00 373

61.20 334

53.24

37.28

28.14

28.72

24.20

25.69

37.67

41.16

41.26

44.08

53.84

58.28

62.02

40.25 3,965

384

322

324

357

394

348

300

331

236

390

327

298

4,011

3.1.2Monthly energy and Average monthly price of the Intraday Market Portuguese side

2016 - 2017Average monthly price of the Intraday Market

15


MWh€/MWh

2016 2017

200,000

150,000

100,000

50,000

25,000

75,000

125,000

175,000

225,000

0

50

100

150

200

0

Average arithmetic price Portugueseelectricity system (€/MWh)

Average arithmetic price Spanishelectricity system (€/MWh)

Total acquired energy MIBEL (MWh)


MWh

200,000

150,000

100,000

50,000

0

-50,000

-100,000

-150,000

-200,000

2016 2017

Acquisition unit Pumping unit Production unit


2016 - 2017

2016 - 2017

3.2.

Sales and purchases on the Intraday MarketSpanish Electricity System

Energy and Price of the Intraday Market

3.3.


€/MWh

-20

0

20

40

60

80

100


Di�erence daily-intraday Intraday market

Daily market

2017

3.4.Comparison of average arithmetic Daily prices of the Daily and Intraday MarketsSpanish Electricity System

17

Price report 2017 4. Settlement of the Daily and Intraday Market

Settlement of the Daily and Intraday Market4.1. Weekly trend in the volume of collections and payments, in price and energy. Daily and Intraday Markets

18

18

19

4.2. Congestion return in the Spanish-Portuguese interconnection

4.3. Congestion return in the Spanish-French interconnection

18


2016 2017

M€ %40

20

2.0

1.5

1.0

0.5

0 0

30

10

Daily Market return Intraday Market return

% hours separation Daily Market


M€/Week

300

200

150

100

50

0

2016 2017

%

300

250 250

200

150

100

50

0

J F M A M J J A S O N D J F M A M J J A S O N D

Market price % Price evolution % Energy evolution

2016 - 2017

2016 - 2017

4.1.

Congestion return in the Spanish-Portuguese interconnection

Weekly trend in the volume of collections and payments, in price and energy. Daily and Intraday Markets

4.2.


M€

35

40

45

50

30

25

20

15

10

5

0 0

%

100

90

80

70

60

50

40

30

20

10

2016 2017

Daily market return %Hours of di�erent prices in the interconnection

J F M A M J J A S O N D J F M A M J J A S O N D

2016 - 2017

4.3. Congestion return in the Spanish-French interconnection

20

Price report 2017 5. International electricity exchanges

International electricity exchanges5.1. Interconnection with France

21

21

22

22

23

24

5.2. Interconnection with Portugal

5.3. Interconnection with Morocco

5.4. Average hourly energy in the interconnections

5.5. MIBEL borders: Energies and economic volumes

5.7. Portugal border: Energies and economic volumes

21


2017

2017

MWh

4,000

3,000

2,000

1,000

-1,000

-2,000

-3,000

-4,000

0

Import capacity Export capacity Import Export


Export

Export

Import

Import

MWh

4,000

3,000

2,000

1,000

-1,000

-2,000

-3,000

-4,000

0



5.1.

Interconnection with Portugal. Available commercial capacity and occupation in the exporting and importing directions

Interconnection with France. Available commercial capacity and occupation in the exporting and importing directions

5.2.

22


MWh

1,000

800

600

400

200

-200

-400

-600

-800

-1,000

0



Export

Import

FRANCE PORTUGAL MOROCCO

EXPORT (MWh)

)

Commercial Capacity

Capacity Not Used

Occupation

IMPORT (MWh

Commercial Capacity

Capacity Not Used

Occupation

FRANCE PORTUGAL MOROCCO

2016 2017 2016 2017 2016 2017

1,993 854

1,660 197

333 657

3,007 582

2,355 582

763

198

565

540

540

1,941

2,300

1,851

449

2,564

623

1,947

1,350

597

2,426

915

1,511 652

1,928

1,724

204

2,391

1,592

799 0 0

2017

5.3. Interconnection with Morocco. Available commercial capacity and occupation in the exporting and importing directions

Average hourly energy in the interconnections5.4.

23


GWh

800

1,200

400

-800

-400

-1,200

-1,600

-2,000

0

France Andorra Morocco


GWh

60,000

75,000

45,000

30,000

15,000

-15,000

-30,000

-45,000

-60,000

-90,000

-105,000

0

-75,000

France Andorra Morocco


2017

2017

5.5.

Monthly economic volumes exchanged on the MIBEL borders

Monthly energies exchanged on the MIBEL borders

5.6.

TotalExport

10,358GWh

TotalExport

549,303kEUR

TotalImport

17,032GWh

TotalImport

813,681kEUR

24


kEUR

30,000

20,000

10,000

-10,000

-20,000

-30,000

-40,000

-50,000

0


600

200

400

0

-200

-600

-400

-800

-1,000

-1,200

GWh


TotalExport

2,915GWh

TotalExport

139,306kEUR

TotalImport

5,715GWh

TotalImport

322,219kEUR

2017

2017

5.7.

Monthly economic volumes exchanged on the border with Portugal

Monthly energies exchanged on the border with Portugal

5.8.

25

Price report 2017 6. Prices and energies of European Markets

Prices and energies of European Markets6.1. Average monthly prices EUROPEX

26

26

27

27

28

6.2. Monthly energies EUROPEX

6.3. Maximum monthly hourly prices in European Markets

6.4. Minimum monthly hourly prices in European Markets

6.5. Monthly percentage of hours with price differences of less than1€/MWh at the interconnections between Spain and Portugal and between Spain and France

26


2016 2017

€/MWh

80

70

60

50

40

30

20

10

0

APX-Holland NordPool EPEX-Germany EPEX-France

GME-Italy

EXAA-Austria OMIE-Spain OMIE-Portugal OPCOM-Romania

OTE-Czech

N2EX


2016 2017

GWh

40,000

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0


APX-Holland NordPool EPEX-Germany EPEX-France

GME-Italy

EXAA-Austria

OMIE OPCOM-Romania OTE-Czech N2EX

2016 - 2017

2016 - 2017

6.1.

Monthly energies EUROPEX

Average monthly prices EUROPEX

6.2.

27


€/MWh

60

40

20

-20

-40

-100

0

-60

-80


Portugal Spain Germany France Netherlands Italy United Kingdom

€/MWh

250

200

150

100

50

0

Portugal Spain Germany France Netherlands Italy United Kingdom


2017

2017

6.3.

Minimum monthly hourly prices in European Markets

Maximum monthly hourly prices in European Markets

6.4.


%

100

90

80

70

60

50

40

30

20

10

0

Portugal-Spain Spain-France


6.5.Monthly percentage of hours with price differences of less than 1 €/MWhat the interconnections between Spain and Portugal and between Spain and France ,

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