September surprised bringing news that creates both sympathy and rejection at the same time: Brussels proposes the end of the daylight-saving time. Around 4.6 million people participated in a non-binding survey on the continuity of this measure and nothing less than 80% of the participants were against shifting their time twice a year. On Friday, September [...]
All agents participating in the electricity market commit to generate or consume an accurate amount of energy in a precise future time interval (imbalance settlement period). When the final electrical energy provided (generators) or withdrawn (consumers) from the system differs from the one initially programmed and agreed upon with the system, what is known in the [...]
Is in human nature the necessity to have a “logic” explanation for everything that happens and in the energy market that’s no different. As normal, one tends to rely on the fact that an action triggers a reaction and the more informed you are about those actions, the best you can (try to) “predict” their reactions. [...]
For a while now, we are experiencing changes of great relevance in the electricity sector. Slowly but unstoppably the big electric companies are working hard to reinvent themselves. The boom in innovation has led to the corporate venture capital funds of large electricity, oil and gas companies, tripling their investments in the last six years, as [...]
As we have already pointed out in previous articles, 2017 was a bullish year in the energy markets. In the previous blog "OMIE Forecast? Place your bets " we detailed the fundamentals that justified these increases. However, this does not mitigate the concern of procurement managers who have the arduous task of optimizing costs year after [...]
In this infographic we analyze the electricity price for Spain, in the week of June the 26th, along with many other factors and agents that drive the price. The infographic is for now only available in Spanish.
Before you begin, we recommend to read our previous M•Blog on the power pool of the peninsula to better understand why prices of 2015 were higher. Except September and October, other months have been higher than 2014 and above the average price of last 3 years. Moreover, January, June, July, August, November and December 2015 have [...]