In a previous blog, we had already talked about the mechanisms through which Red Eléctrica de España (REE) managed variations in production and consumption forecasts. We recall that management was limited to the supply side, with conventional electricity generation sources and then wind generation, adapting its programmes to resolve the technical restrictions of the system. However, [...]
Maybe the European Commission foresaw that the COP25 in Madrid was not going to achieve the ambition they had hoped for, or maybe they just wanted to be first to announce a new ambition plan. In any case last Wednesday, when the COP25 had not even gone into extra time, the European Commission announced The European [...]
2019 seems the year in which the climatic emergency rises in the scale of concerns in the so-called developed world. The headlines range from apocalyptic alarmism to those who deny that we have any kind of responsibility in the process. In this scenario, governments announce increasingly ambitious and close decarbonization and sustainability objectives. However, at each [...]
The beginning of December will be important for the oil markets. Because there will be an Aramco IPO, and also at the end of next week OPEC will meet. Next December 5th and 6th OPEC will meet with other nations outside the organization led by Russia, in its headquarters in Vienna. At the meeting they will [...]
In a context of economic contraction, where the debate is centred on whether or not the crisis will turn into a recession, the installed capacity of our generation stock continues to grow as a result of the wave of new renewable generation and the promise of electrification of industry and transport. Evolution of electricity demand The [...]
European prices of natural gas have been breaking record lows on spot markets, leading to the questions such as: how did it happen? Is there a floor price? What will happen? For the purpose of this article we will focus mainly on the TTF market because it’s currently is the most liquid market in Europe and [...]
Spain has been characterized by having more natural gas (NG) inlets per tube than the liquefied natural gas (LNG) inlets. According to the latest Enagás report on the gas system, supplies in the form of natural gas (NG), 57%, exceeded in 2018 those of liquefied natural gas (LNG), 43%, for the sixth consecutive year. This mix [...]
An energy transition based on confusing legislation and high European targets. How is the country moving towards respecting the PNIEC objectives? Great intentions and still few measures, definitely a great challenge and a race against time. Renewable energy, such as wind and solar, is now accepted as reliable and highly cost competitive in markets all over [...]
The EU Emissions Trading System (ETS) is ever more relevant. Every year fewer allowances are available, the long-term price trend is upwards (despite the recent drops), and the incentive to replace CO2 intensive production techniques for less intensive ones becomes stronger every time. However, more and more countries do not seem to want to rely solely [...]
We are immersed in a process of paradigm change where the energy transition to a sustainable model is no longer an option. To this end, various energy policies have been carried out with greater or lesser success to establish the objectives for the energy future of the country / region. However, many renewable energy technologies are [...]
