Intraday spreads against day-ahead range from +50 €/MWh to -100 €/MWh, with increased volatility closer to delivery

Trade price minus day-ahead spot, Spain, 24–30 November 2025 (€/MWh)

Source: OMIE, ESIOS, Modo Energy • Get the data behind this chart

Note: Orange = intraday premium. Blue = intraday discount. Bubble size represents trade volume.

MODOENERGY