HE European Parliament recommends keep income cap of power plants renewable, nuclear and hydraulic Structurally, in any case energy price crisis. It can be read like this in the first place. draft prepared by european room On the electricity market reform proposed by the European Commission in March: “The cap on market revenues is a measure implemented during the energy crisis. helps reduce the ‘sudden spawn gods’ of their generators energy, by the way help finance measures It was bought during a price crisis”.
This one of the changes document prepared by a Spanish speaker Nicolas Gonzalez-Casares after more than one 50 meetings with companies like improvisation, Endesa, iberdrolaor the Energy Marketers Association (ACIE), as well as customer or consumer associations. These changes will follow discussion of different political groups a for approval Final version of the European Parliament “in July”. Negotiations will then begin at the level of the parties. member states to reach last text What the Spanish Government wanted to promote during this period Spanish Presidency of the European Union in the second half of the year.
The maximum limit of the income of the plants, 180 Euros per megawatt-hour (MWh)same and purpose, revenues as adopted by Twenty-seven during the current crisis Measures aimed at mitigating the ‘shock’ effect on consumers. As the first reaction of the Secretary General European employers association (Eurelectric), Kristian Ruby, He showed his “serious concerns” to EL PERIÓDICO DE CATALUNYA from the Prensa Ibérica group on “institutionalization” According to him, it “fragmented the domestic market and generated significantly lower-than-expected revenues”.
Spain It was the first country to implement such a measure. In September 2021, the Council of Ministers approved the cut of revenue from nuclear, hydraulic and renewable energy due to the increase in gas prices. However, the electricity companies forced the government to soften this measure and exempted those who signed power sales agreements under it from punishment. 67 euros per MWh, more than half of the European Parliament’s proposal. The result was that against 2,600 million that the Spanish Government expects to collect in a single quarter, eventually collected about 370 million in one year (2022). At the same time, according to José Bogas, CEO of a company like Endesa, in the presentation of annual results, last year saw its profits decrease by 6,000 million due to this measure.
This income limit “price drop” as described in the text, when will it appear average price of wholesale markets HE “It has increased twice the average of the last five years. It is expected to continue in this way for 3 more months,” he said. By rough calculation, this is the wholesale market. Around 80 Euros per MWh. The average electricity price in Spain in April was 73.73 euros per MWh.
capacity markets
Among the innovations, capacity mechanisms aspect the “structural” element of national markets. This type of market is a market for power plants. presence rather than energy. It is designed for facilities that have the ability to decide when to produce energy and when not to. hydroelectric pumping, batteries or combined cycles. They are currently included as one in European legislation. last resort toolbut the Spanish Government wants to expand these servicesso this new expression closer to this goal. Also, in the case of storage, the establishment of a facility is advocated. Minimum level at European level and take into account charging services (electric car) in flexibility.
creation is also advocated. European database (PPA) on contracts between energy trading companies to promote transparency – currently this market consists mainly of agreements between vertically integrated companies – and also standardize contracts. to facilitate entry small companies. Second, a European platform before 31 December 2024. Also, in the case of public assistance for production (through CFDs), priority will be given to income. most vulnerable consumers and in crisis situations, the possibility of helping the electro-intensive industry will be created.
consumer protection
On the other hand, consumer protection is strengthened by: ban cuts to vulnerable consumers (measure currently in effect in Spain) and “Ensuring that households receive adequate electricity supplies to meet their basic needs”. “Member States should complement these rights by: taking special precautions The phrase “helping households manage their consumption for summer and winter seasons” can also be read in the text. It has also been established as a requirement for suppliers. Do not “change” the terms of contracts for the same amount of time, nor not being able to finish them ahead of time.