RAE: Positive Auction Result for Renewable Energy Power Plants



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As a first positive example, the sources of the Energy Regulatory Authority describe the result of auctions for renewable plants that took place last week

The same sources focus on two elements: First, in the formation of low green energy absorption values ​​up to 22, 7% below start-up prices and on the other hand, the need for investment coming soon, to implement units and operate sustainably, which will create the conditions to attract even greater investment interest in subsequent competitions

Referring to the fact that the power sold and auctioned was lower than the initial planning, they point out that the additional power will be absorbed in subsequent tenders

Bidding auctions relate to the amount ("differential differential") ) that the units will receive for the energy that they produce in addition to the price that they receive from their market share, with (19659002) According to the terms of the notices of appeal Offers and the official results of the offers, the maximum prices and the offers by category of investment are as follows:

1) For the "small" photovoltaic "ranging from 500 kilowatts to 1 megawatt, the maximum price was of 85 euros per megawatt while the offers submitted ranged from 80 € / MWh to 75.87 € / MWh and the average price is of the order of 78,42 € / MWh. A total of 155 projects participated and 1,527 tenders were submitted while the total power allocated was 53.48 megawatts

. 2) For "large" photovoltaic plants from 1 MW to 20 MW, the maximum price was € 80 / MWh. Offers ranged from € 62.97 / MWh to € 71 / MWh and the weighted average price was € 63.81 / MWh. 14 projects participated and the power allocated was 52.92 megawatts

. 3) For winds of 3 – 50 MW or 6 – 50 MW for wind farms belonging to Energy Communities. The maximum price was € 90 / MWh, and bids ranged from € 68.18 / MWh to € 71.93 / MWh (average price € 69.53 / MWh). Fourteen projects participated and 170.92 megawatts were awarded

It was noted that the power auctioned was limited to the application of the competition safeguard clause established by RAE, which stipulated that the percentage of participation had to be at least 75% higher. 19659002] According to previous ministerial decisions, during the 2018-2020 triennium, approximately 2,600 MW (1,000 megawatts in 2018 and 2019 plus 600 megawatts in 2020) will be auctioned with this process. These auctions are the tool to achieve the goals of increasing the penetration of renewable energy sources into the energy balance, while reducing the burden on consumers. The latest milestone set by the EU is 32% of the energy consumed by the SERs by 2030.

  

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