Iberian Power Prices Remain Firm

5 January 2010 (Last Updated January 5th, 2010 18:30)

Iberian spot power prices have continued to climb, rising further above the record lows seen last week, as wind power output remained relatively low. The day-ahead price set on Tuesday for Wednesday was €31.91/MWh, up from a previous pool price of €30.11/MWh, reports Reut

Iberian spot power prices have continued to climb, rising further above the record lows seen last week, as wind power output remained relatively low.

The day-ahead price set on Tuesday for Wednesday was €31.91/MWh, up from a previous pool price of €30.11/MWh, reports Reuters.

Last week's record low of just €3.4/MWh set by the Spanish-based Omel exchange came as Spanish wind power output met over half of total electricity demand early at the end of the month.