operator of the Spanish electricity market, OMIEIt is in line with the proposal of Germany and seven other countries. electricity market reform includes the introduction of some special measures for improve your current performancebut rejects any intervene As recommended by Spain. OMIE advocates promoting more as well as improving the regulation of futures markets where energy delivered in days, months or years is negotiated. Integration of the European internal marketthrough the promotion of interconnections and make demand more flexible to attract new formats such as storage.
This was conveyed by Carmen Becerril, head of the ‘Wind energy and market’ conference held by the wind energy employers’ association (AEE) this Tuesday in Madrid. “Everything can be improved but not possessed. no point in killing the messenger. You don’t need to kill the market just because the prices are high. because the prices are high other structural problems This should be taken care of,” he warned. in the middle of an argument about functioning of the European electricity market, After the war in Ukraine triggered electricity prices (in Spain, they rose from an annual average of 50 euros to 111 euros in 2021 and almost 210 euros in 2022), the head of the Spanish executive is coming out. defense of the daily market –“the market is working, giving signals from the economic field”– and focuses on promotion futures market.
” futures marketsMarkets that are still shielding from excessive volatility are not being exploited, much more.”futures marketsThey spent “two years with a sustained decline of more than 50%” in Spain, which made them “almost towards extinction”. But Becerril warns solution It is not forcing utilities to buy energy. fixed price auctions marked by the government, but change the regulations that regulate them and separate them from the financial regulations because the problem is different and the concept warranties and margins These should be reviewed.”
Endesa is also the main electricity company in terms of number of customers. Your assistant manager responsible for regulation, wholesale and gas, Eduardo Moredastated that the main problem was “immaturity”. long-term“So far almost no one was worried“With the concussions, we had a fairly stable plan, but within a limited plan. Customers covered for one year and the next were adequate, but reality tells us that Not true. We have to think and look for how meet these prices in the long run. This is where the effort should be made. instead of interfering with the market“, Moreda said at the same forum. Iberdrola’s director of editing, Patxi CallejaThe moderator intervened in the same direction. support the German proposal which determines, among other things, voluntary auctions and “no retrospective modifications”.
reform before 2024
Teresa Ribera, third vice president and minister for Ecological Transition, hoped to carry out a market reform before 2024; energy forum “I do not know whether we will be able to resolve this change in the official journal of the European Union during the Spanish presidency, but calendar mark on May 2024 European Parliament elections, so in February or March the Commission is no longer functional. And I believe the best thing Decisions are made before elections are made.. If a file of these qualities hangs over us for a while between the authorities, it will lead to confusion and uncertainty about the signals and commitments that Europe understands.”