this opposition It’s putting pressure on the Government to push the big power companies. Auction part of it cheap energy a small traders and industries encourage” energy-saving in 100% of consumers”. Inside change Approved by Congress and currently in contingency plan (Plan + safety for your energy) in parliamentary proceedings as an invoice PP, ERC and Junts agree while asking to celebrate early 2023 one of them State-run competitions a year ago but I never celebrated.
The manager designed a new mechanism which forced major energy companies to sell some of their energy in September 2021. produced by him nuclear power plants, hydroelectric Y renewable, the cheapest energy on the market, independent marketers or for big industry includes energy costs at the peak of prices. Most of this production produced by big companies they sell to their own marketers, and the intention of the executive was: increase the liquidity of futures markets.
Specifically, he set auction 15,830.08 gigawatt-hour (GWh)equivalent 25% of annual electricity production the year in which the affected plants had the lowest production. Distribution is done according to: market share of each companyso it would look like this: iberdrola will auction more than 7,323.63 GWh; Endesa, 6,737.26 GWh; Naturgy, 1,405.48 GWh; Y PDE, 363.72 GWh. The aim was to hold the first of these auctions. Before 31 December 2021but finally the year is over and the tender has not been made, nor in 2022.
Big companies claimed they had sold all their marginal production (This is how energy from renewable and nuclear power plants is known). Now they are also guaranteed this year and what do they have They will commit 90% of their production by 2023. They argue that these auctions will force them to buy electricity from some of their customers, which will mean more expensive bills in the midst of a price crisis. And this A claim is one that the government assumes. to avoid call offers.
A year after formulating his proposal by royal decree, the opposition –PP, ERC and Junts- Asking the admin to organize this contest. And they set a date: January 1, 2023. If it is “shown” that the big electricity companies have committed some of that energy, as they say, in the text of the amendment it says The auctions will be held with the remaining unsold energy.and if they have all the energy promised, prevents you from making more sales. well they veto the possibility of these companies making new deals From the enactment of the said decree-law until the auction is held. If they do, they will be punished for “a very serious crime” according to the Electricity Sector Law. Fines from 6 to 60 million eurosAccording to text.
fairer price
three parties that adding the majority Although they are sufficient to effect the change, PSOE and Podemoswhich were measuring ideologistssupport the bidding – the reactivation of these auctions “customers’ price more fair”. It’s not about having very cheap prices and others too expensive, but having a balanced price for all consumers to benefit from.
In the same norm of September 2021, the Executive also decided to discontinue their extraordinary benefits. renewable and nuclear power plants (inframarginal) If they sold energy because of the increase in gas price over 67 euros per megawatt-hour use the money collected to reduce the electricity bill but has been minimal because most companies claim to sell below this threshold.
According to the complaint Association of Independent Energy Marketers (ACIE), Since only 70% of the energy produced in Spain is renewable or nuclear, creating this threshold of 67 euros per megawatt-hour is what a portion of consumers (59%) very cheap prices -pay 67 euros per megawatt-hour for energy- and others (41%), very expensive -five times more- and they argue that auctions will distribute cheap energy and stabilize price increases.