Today we are talking about the General State Budget (GSB) for 2021, approved last Tuesday by the Council of Ministers. The surprising thing is that, compared to last year's GSB, we are facing a record increase in public spending. This has been the decision of the Council of Ministers, which has been forced to take all [...]
The Spanish Government approved this month at the Council of Ministers its Hydrogen Roadmap for the next ten years, following the European Union's strategy. This guide includes 60 measures to prepare the regulatory framework and encourage research and innovation until 2030, the guide aims to reach an installed capacity of electrolysers of at least 4 GW. [...]
The electricity grid must always be in balance, which means that, at each moment, production must equal consumption. This is a well-known premise and is where the complexity of the electricity market lies. It is well known that the demand for electricity throughout the day and throughout the year is not flat: there are hourly and [...]
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, [...]
CNMC has gone on holiday with the homework done and is that before summer has published a proposal to lower in the coming years gas and electricity tolls, 2-3% for domestic and 8-10% for industrial. So, in the premiere of its competition, the corporation has decided to open the Pandora's box of the sector. The proposed [...]
The vision of a decentralized energy generation and a wider participation of renewable sources will require an exponential growth in self-consumption systems, especially in sunny regions like Iberian Peninsula. Still, after 5 years since the first Law framing the self-consumption concept, this alternative to generate and consume power had a shy evolution in Spain due to [...]
In a context where securing a competitive and efficient energy supply is becoming increasingly important, the internal electricity market project in the European Union born. A market that allows increasing energy generation by non-polluting technologies. DAILY MARKETS WITH THE SAME BACKGROUND The project of an internal market began with the Price Coupling of Regions (PCR). PCR [...]
Things change. That’s just how it is. Sometimes they change to an outcome which is favorable to us, but other times that outcome is far away from our expectations. Case in point: the Spanish daily power spot market (emphasis on daily). Anyone with half an interest in the matter will notice two-things: The rather obvious and [...]
When talking about international interconnections, all are in favor and enumerate its many advantages. Advantages that to date have been true: Interconnected electricity systems have achieved greater security of supply. Proof of this was this past winter when France, traditionally an exporter country, survived to the problem of its nuclear park thanks to the power imports [...]
