A year and a half after Spain insisted on reforming its electricity market, the European Commission announced the change at the end of August last year, with its president saying: Ursula Von der Leyenseems to have been summoned changing the way prices are determined from this raw material. After the cost of that announcement, this Thursday’s deal doesn’t mean much. “We know that this This is not a comprehensive reform “What the Commission president announced a year ago” was accepted by the rapporteur responsible for the Convention at the presentation of the pact in Strasbourg. discussion Spanish by the European Parliament Nicolás González Casares. “This is exactly why we fought as a Parliament and this is reflected in the agreement for the Commission to investigate. 2026 The effectiveness of the existing structure and its operation short term electricity marketsEven in crisis or emergency situations,” added González Casares.
“And more generally, potential inefficiencies Regarding the internal electricity market and different options for the implementation of possible alternatives remedies and tools It can be applied in crisis or emergency situations in the light of international experience and the development and new developments of the Union electricity market. Where appropriate, the Commission should accompany this assessment with a report. “bill proposal” Casares, a witness to the agreement reached, said: “Record time”Just nine months after his proposal European Commission in March this year.
Therefore, the door is left open to a possible review of the market following this agreement, which focuses on changing everything that exists. around between daily marketbut without touching. The gist of Thursday’s agreement is long term contracts In the hope of reducing the weight of energy in the daily market (through the formulas in force in most cases in Spain) and thus eliminating price increases. But this impulse voluntarilyits impact will therefore depend on the decisions taken by different Member States and their energy producers.
protects marginal system related to price fixing For this, the most expensive technology (currently gas) will continue to be the reference. In other words, if there’s another one next year crisis as he started Moscow By pressing the gas tap in the spring of 2021 upward impact of electricity prices it would be the same. What is included in the agreement larger springs knowing how to move forward and doing it quickly, maximum price ceiling It defines that prices could reach 180 euros per megawatt-hour and that it should be the countries meeting in the Council that declare the energy crisis on the Commission’s proposal, among other measures.
The marginalist system was designed to encourage the development of renewable energy sources at a time when electricity systems consisted predominantly of electricity. fossil technologies. The logic was that all technologies should be charged according to the price of the product. more expensive Because otherwise no one would invest in renewable energy because it is so cheap. However, in a system dominated by renewable energy sources, this logic breaks down. Minor supporter of reform deep Former energy commissioner of the electricity market, as suggested by Spain Miguel Arias CaneteAt an event held in mid-October, he warned that “this reform will not be the last.” University of Salamanca Open discussion future electricity market
“Right now this reform is a continuity of the previous. However, since energy conversion assumes a scenario in which electricity production will be done by a few people, very high percentages renewable energy, next commission will have to start to reflect On how to structure an electricity market when all energy is transferred to energy renewable and cleanBecause there marginal system it may not work,” warned Árias Cañete at the time. The problem is that not all countries have the same renewable growth rate, so Everyone’s urgency is different.. In the case of SpainThis year, the milestone of half of electricity production being produced from renewable energy sources will be reached, but this is not the case for every country. For example FranceWhere nuclear dominates.