The first renewable forward market mechanisms in the Iberian Electricity Market


Autoria(s): Capitán Herráiz, Álvaro; Rodríguez Monroy, Carlos
Data(s)

01/07/2012

Resumo

A description of the first renewable forward market mechanisms in the Iberian Electricity Market is provided. A contract for difference mechanism is available in Spain since March 2011between the last resort suppliers and the special regime (renewables and cogeneration) settling the price differences between the equilibrium price of the forward regulated auctions for the last resort supply and the spot price of the corresponding delivery period. Regulated auctions of baseload futures of the Portuguese zone in which the Portuguese last resort supplier sells the special regime production exist since December 2011. The experience gained from renewables auctions in Latin America could be used in the Iberian Electricity market, complementing these first market mechanisms. Introduction of renewable auctions at least for the most mature technologies (i.e. wind) in Spain and Portugal providing a fair price for the renewable generation will be of utmost importance in the short term to diminish the tariff deficit caused by the massive deployment of the feed-in-tariff scheme. Liquidity in the forward markets will also increase as a result of the entry of renewable generation companies intending to maximize their profits due to gradual suppression of feed in tariff schemes.

Formato

application/pdf

Identificador

http://oa.upm.es/19438/

Idioma(s)

eng

Publicador

E.T.S.I. Industriales (UPM)

Relação

http://oa.upm.es/19438/1/INVE_MEM_2012_139606.pdf

http://www.laccei.org/index.php/events/past-events/laccei-conference-2012

info:eu-repo/semantics/altIdentifier/doi/null

Direitos

http://creativecommons.org/licenses/by-nc-nd/3.0/es/

info:eu-repo/semantics/openAccess

Fonte

10th Latin American and Caribbean Conference for Engineering and Technology. Megaprojects: Building Infrastructure by fostering engineering collaboration, efficient and effective integration and innovative planning | 10th Latin American and Caribbean Conference for Engineering and Technology. Megaprojects: Building Infrastructure by fostering engineering collaboration, efficient and effective integration and innovative planning | 23/07/2012 - 27/07/2012 | Panama City, Panama

Palavras-Chave #Energía Eléctrica #Economía
Tipo

info:eu-repo/semantics/conferenceObject

Ponencia en Congreso o Jornada

PeerReviewed