Overview
- Spain’s wholesale market averaged €61.04/MWh in September, down 10% from August and 15.9% year on year, according to market data.
- OMIE posts an average of €86.19/MWh for Thursday, with a sharp evening spike to €204.26/MWh and a midday low near €16.41/MWh reflecting ongoing intra‑day swings.
- Red Eléctrica increased scheduled combined‑cycle gas generation by about 33% in September to bolster reliability, pushing system adjustment costs up 58%.
- The adjustment component of the final price reached €17.56/MWh in September versus €10.24/MWh a year earlier, consultancy Grupo Ase reports.
- The PVPC tariff now weights futures at 40% in 2025, rising to 55% in 2026, which dampens hourly volatility on bills even as TTF gas averaged €32.04/MWh in September and Friday’s price is set at €93.25/MWh.