This big industry who uses cogeneration – generating electricity by utilizing the operating heat of its factories in sectors such as ceramics, paper or food – Complete blackout of their facilities on 1 July If the government does not take measures to prevent the continuation of the activity, it will cause millions of losses.
The executive made such an ‘extreme’ drawdown of all power plants of industrial groups. The broom macro decree approved by the Cabinet this Tuesday includes an exceptional reform of forecasts. electricity prices And gas used to determine the fee charged by renewable energy sources and cogeneration (but will have a particular impact on the cogeneration sector).
The government has included in the royal decree an update of the pricing parameters of these facilities for the period 2023-2025 to improve fees.180 million extra injections from regulated revenue year-round renewable and cogeneration plants and 20 million more only for cogeneration power plants in the first half of the year.
It is expected that the figures regarding the new pricing and the details of the regulation will be learned clearly. cogeneration industry relief accepted this assumes the approved legal reform, and considering the second half of the year, it is accepted that the risk of a complete shutdown of the factories has been eliminated, reducing the uncertainty regarding the income and costs of the power plants.
Application deadline: 1 July
With around 600 cogeneration plants in the Spanish market, factories must purchase gas for their industrial processes and generate electricity through the Recore system for a fee guaranteed by law (the same as previously used by premium regulated renewable energy sources). is reviewed every six months.
Last December, the Ministry of Ecological Transition, led by Vice President Teresa Ribera, submitted a proposal to update this fee for the first term of this year, but it was not approved and the year’s fee was still pending. . If the latter doesn’t arrive on time, large cogeneration groups warn there will be a p.common plant as of July 1 Because with the current wage level in effect, the facilities will be condemned to work at a loss.
In fact, the Government is a Comprehensive reform of the cogeneration compensation model, but has not been ratified for the time being and will be addressed later by the next government. The Ministry, led by Ribera, submitted a proposal for a new methodology for calculating the industry’s wage; this represented a 33% improvement from current levels, meaning companies would receive approximately 1,500 million per year. But for now it has not been confirmed and the Administrator has saved the ‘match ball’ by making an extraordinary adjustment to the parameters of the current system.
Lower the estimated electricity and gas price
Current wage values ​​in effect so far, Calculated by the government on such high estimates of the electricity market. (208 euros per megawatt hour, MWh) and the gas market (140 euros per MWh) and much higher than current electricity prices (90 to 100 euros for electricity and about 30 euros for mibgas), which in practice surpasses them. no guaranteed payment.
If the executive did not update these parameters for the second half of this year or initiate comprehensive reform with the new methodology, the cogeneration fee would be zero and all power plants would have to stop from 1 July, as companies do. warned. The new price estimate has been reduced to 109 euros per MWh for electricity and 40 euros for gas.
Cogeneration utilities can now choose between taking advantage of the Recore fee or taking advantage of the compensation they can receive thanks to the ‘Iberian exemption’ (the cap on the price of gas used in electricity production to reduce the price of electricity and compensating power plants). for the actual cost of gas), but has been disabled for months due to low gas prices.
Source: Informacion
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