Overview
- OMIE set the 10 March daily average at €136.86/MWh, the highest since 17 February 2025.
- Hourly prices spiked to roughly €247–€250/MWh in the evening, with the day's low near €95/MWh around midday.
- European gas benchmarks have leapt, with TTF above €60/MWh and Spain's Mibgas around €51/MWh.
- Combined-cycle gas plants are supplying about one fifth of generation and, under marginal pricing, are lifting the market-wide rate when they set the price.
- Spain's PVPC tariff now weights futures at 55% from January 2026, tempering volatility, though around eight million regulated customers still feel rapid bill impacts.