Spain

Capacity Market to Support Renewables in Spain

By | 2021-05-12T13:23:45+00:00 May 12th, 2021|Categories: Energy Markets, Energy Policies, Featured, M·Blog, Spain|Tags: , , |

Wednesday, May 12, 2021, the deadline for submitting allegations to the Draft Order that creates a capacity market in the Spanish electricity system is over. A long-awaited regulation by agents of the electrical system since the penetration of variable renewable energy, such as photovoltaic and wind, is continuously growing and will continue to do so. It [...]

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Hydrogen fuel cell vehicles – a threat to the electric car?

By | 2021-05-04T13:06:29+00:00 May 4th, 2021|Categories: Electricity Markets, Energy Markets, Energy Policies, Featured, M·Blog, Oil, Spain|Tags: , , |

The phasing out of combustion engine vehicles, whether petrol, diesel or hybrid, is a fact that will happen in the near future. It will depend on countries' commitments. In the case of the European Union, they are committed to transforming Europe into a highly energy-efficient, low-carbon economy. In fact, the European Commission expects hydrogen to account [...]

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What will the future of biogas in Spain be like?

By | 2021-03-09T11:14:49+00:00 March 9th, 2021|Categories: Energy Markets, Featured, Gas, M·Blog, Spain|Tags: , , |

Biogas should be considered within the global energy system forecasts for the coming years, although as with all technologies, the future will be shaped by innovation, energy policies and market developments among other factors, so the next few years will be crucial. Description Biogas is a mixture of methane, CO2 and small amounts of other gases [...]

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The National Fund for the Sustainability of the Electricity System: First Impressions

By | 2021-03-04T10:46:46+00:00 March 4th, 2021|Categories: Electricity Markets, Energy Markets, Energy Policies, M·Blog, Spain|Tags: , , |

The transition to a completely decarbonized economy depends on a series of factors identified in the Government's energy planning: Integrated National Energy and Climate Plan (PNIEC) 2021-2030, Long-Term Decarbonization Strategy 2050 and Draft Climate Change Law and Energy Transition. The objective is to achieve decarbonisation in the most effective and efficient way possible, enabling the necessary [...]

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Energy storage strategy in Spain 2030-2050. What can we expect from the new regulation?

By | 2021-02-16T10:59:34+00:00 February 16th, 2021|Categories: Electricity Markets, Energy Markets, Energy Policies, Featured, M·Blog, Spain|Tags: , , , |

In line with the National Integrated Energy and Climate Plan 2021-2030 where the Government has developed a new regulatory framework for renewables and a national strategy for self-consumption, among others, the Council of Ministers last week approved the Energy Storage Strategy. In this blog we will comment the fundamental aspects of this regulation and how it [...]

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CIRCULAR 3/2020: THE REFORM OF THE ELECTRICITY TARIFF SYSTEM IS NOW A REALITY WITH THE NEW RESOLUTION RAP/DE/003/20

By | 2021-02-11T08:41:16+00:00 February 10th, 2021|Categories: Energy Markets, Energy Policies, Featured, Gas, M·Blog, Oil, Spain|Tags: , , |

After more than a year since the publication of Circular 3/2020, its complete reform of the Spanish electricity tariff system is no longer uncertain. The planned changes that everyone hoped to avoid are now here to stay. Last year, at this same time, we faced one of the most hotly contested directives of 2020, the famous [...]

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PURCHASING CONSULTING VS RISK MANAGEMENT

By | 2021-03-15T16:27:04+00:00 January 26th, 2021|Categories: M·Blog, Portugal, Spain|Tags: , , |

This week's Post is different from the usual ones that we publish in Magnus Commodities, and it comes to think about the type of management when it comes to the purchase of Commodities, vs. other buying families where there is no market setting their price. SHOPPING, A NON STOP ACTIVITY The job of a Purchasing Director [...]

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What is going on with the European gas prices? From one extreme to the opposite

By | 2021-01-21T11:30:03+00:00 January 21st, 2021|Categories: Energy Markets, Featured, Gas, M·Blog, Spain|Tags: , , |

2021 starts with the hangover of a 2020 year to forget and a meteorological phenomenon that this winter has shaken the European gas markets. And by the way, it has contributed the wholesale power market break price records as well. All of this ended up in gas price levels never seen before (both for high prices [...]

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2020 in perspective

By | 2020-12-21T10:25:12+00:00 December 21st, 2020|Categories: Coal, Electricity Markets, Energy Markets, Energy Policies, Featured, Gas, Italy, M·Blog, Oil, Portugal, Spain|Tags: , , |

Everyone expected so much of 2020, setting it at an important milestone for the World with the globalization peaking and the technology and social barriers being tested constantly. On the other hand, the long trade war between US and China was weighing on the markets and a recession was on the edge. Despite that, no one [...]

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Electro-intensive industry costs in Spain and at European level

By | 2020-11-27T12:09:36+00:00 November 27th, 2020|Categories: Electricity Markets, Energy Markets, Featured, M·Blog, Portugal, Spain|Tags: , , |

Little by little the government is promoting big industry, but it still needs a bigger push to keep them in Spain in a competitive way and to contribute to the economic recovery, that is why it is necessary to increase the funds within the framework of the Electrointensive Statute. The electro-intensive The electrointensive industry is that [...]

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