RAE: Positive results of power plant auction – Economy



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As a first positive example, sources from the Energy Regulatory Authority described the auction results for renewable power plants that took place last week.

The same sources focus on two elements: first, the low 'green' energy consumption up to 22.7% below start price, and secondly, the need for 'green' energy consumption. investments coming soon, and operate in a sustainable manner, which will create the conditions to attract an even greater investment interest in future competitions

Referring to the fact that the power auctioned and awarded (19659002 ) The bidding procedures relate to the amount ("incremental increase") that power plants will receive in addition to the price they receive from the price they receive during the course of the bid. next programming period. their market share, up to a reference value set by the Energy Regulatory Authority.

According to the terms of the tenders and the official results of the tenders, the maximum prices and the offers by category of investment are as follows:

1) For the " small "photovoltaics from 500 kW to 1 megawatt, was 85 euros per megawatt while offers submitted ranged from 80 € / MWh to 75.87 € / MWh and the average price was 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). 14 projects were involved and 170.92 megawatts were awarded

It was noted that the power auctioned was limited to the application of the RAE competition safeguard clause stipulating that the percentage of participation had to be at least 75% higher at auction.

According to past ministerial decisions, in the three years 2018-2020, 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 last milestone set by the EU is that by 2030, 32% of the energy consumed will come from RES.

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