The electricity market in Spain is regulated by the REE (Red Eléctrica Española) and acts as an intermediary between companies that generate energy and companies that buy this energy to distribute it to the customers.
The price of electricity is calculated using a matching offer. Every day at 16:00 the next day’s energy prices are calculated, and it is calculated by ordering from the lowest to highest the prices at which energy sellers want to sell the energy produced, and by ordering from the highest to lowest the prices at which buyers want to buy the energy.
This process is repeated for each hourly segment of the following day and is managed by Operador del Mercado Ibércio-Polo español (OMIE).
The objective of this DataApp is to try to predict the energy matching price for each of the hours a day.