Since March of this year, the monthly average price in the Spanish domestic market has consistently decreased, indicating a continued downward trend compared to the slight upward price trend observed in 2022. The average monthly price decrease has been at -0.14 EUR/MWh. Additionally, the market has experienced an average weekly price volatility of 2.31% during this period, which is higher than the 0.27% volatility observed in April.
In May, the entire trading volume of Spanish domestic Guarantees of Origin (GOs) was from 2023 production. Despite a significant increase in demand, the forward market for GOs remained illiquid. This lack of liquidity can be attributed to cautious behaviou…
Stay ahead in renewable energy and carbon markets.Â
Sign up to receive expert analysis, market insights, and key policy updates—straight to your inbox, for free.
Specialising in data, analysis, and insights for all significant low-carbon markets and renewable energy.
