The average hourly price of MIBEL in the first quarter was 44.8 euros per MWh, 28.2% higher than the same period in 2020
In the first quarter, mainland Portugal generated 14,262 GWh of electricity, of which 79.5% came from renewable energy. Dams accounted for 44% of the total power generation, followed by wind energy at 28%, biomass at 5.6%, and solar photovoltaic at 2%.
The data comes from the APREN-Portuguese Renewable Energy Association’s “Renewable Electricity Bulletin”. The report also shows that in the first three months of this year, the total emissions generated by the electricity production sector were 1.2 MtCO2eq (million tons of carbon dioxide equivalent). A year-on-year decrease of 29.8%. Renewable energy avoids the emission of 3.8 MtCO2eq.
APREN pointed out in the announcement that since the beginning of the year, the average price of the European CO2 Emissions Permit Trading (CELE) has been 37.4 euros per ton of CO2, an increase of 57% compared to the same period.
In terms of electricity, the average hourly price of Portugal’s MIBEL (Iberian Electricity Market) was 44.8 Euros per MWh, an increase of 28.2% over the same period last year. There are 912 non-consecutive hours, of which renewable energy is sufficient to meet the country’s electricity consumption. The average hourly price in MIBEL is 31.73 Euro/MWh.
Portugal exported 1,897 GWh of electricity and imported 1,308 GWh of electricity in the first three months of this year. The import balance is 589 GWh, which is negative.