The third and final table of VI renewable forumcomposed of representatives of the sectors that make up the entire energy chain, addressed matters related to the commercialization of green energy in a market context in which its raw material – electricity – reaches low prices, zero prices and even negative prices, impacting on a lower investor attraction and in extra costs that, in the opinion of the companies, should be corrected.
The table departed from the base that the arrival of renewables has been positive for the sector. “It’s about making what we now see as a problem [los precios negativos] Be a greater opportunity to attract more demand. That can place us in a more competitive situation with respect to other countries and other markets, “said the CEO of Axpo Iberia, Ignacio Soneira.
One of the pillars of the table dealt with the long -term energy sale agreements (Power Purchase Agreementin English, or PPAS), a type of transaction on which Spain has been leader of the European market in recent years. “When prices are zero, investors who want to install renewable generation projects have it more complicated if they do not have someone who supports that investment through a PPA. Those contracts allow stability to have, both for the marketer and for the consumer. In the end, we try to facilitate that the final consumer, which is what we live, is quiet,” he said Alejandro Tejero-Garcés GálveGeneral Director of Visalia.
Beyond the benefits that this type of contract has contributed to the sector during these years, the table also presented some of its inconveniences, as well as the risks they entail. “[Un PPA] It is a contractual agreement that transfers risks/opportunities and costs to a consumer. When talking about PPas, a fairly complex analysis must be carried out, similar to that of an investment analysis in an underlying generation asset. With which, we must talk about which product is transacted exactly in that PPA – since it is not the same, for example, the profitability offered by a wind project against which offers a solar plant, for example. The contractual conditions of that agreement are also decisive, “he explained Blanca LosadaPresident of Fortia Energía.
As an alternative or complement to the PPAS, the debate resulted towards Contracts by difference (Contract for Difference, in English, or CFDs), another type of long -term transaction in which the signatories negotiate a fork on which electricity prices can fluctuate. These found at the table their greatest support in the intervention of Jorge González CortésVice President of the Gesternova Group (recently unified under the brand with you energy).
“We see that CFDs could be part of a trinity of solutions for the electrical system, because they provide visibility to producer’s income, which guarantees the profitability of the investor,” said the vice president.
APPROVES FOR RESTRICTIONS
Unanimously, all the members of the last table of the Forum were in favor of introducing, in some way, a Regulation on adjustment services costs of the electrical system, in order to offer greater stability to the final consumer.
“We are paying 15 or 16 euros for system services, but that are largely not coverage restrictions, but they are Zonal restrictions. It would make sense that this circumstance was resolved through regulated prices instead of a market in which only one, “said Losada, president of Fortia Energía.
Another of the keys exposed it Santiago BordiúCEO of Ignis Energía. According to their point of view, part of the efforts to reduce costs have to leave from the consumer itself through its flexibility capacity. “How do I reduce it? As a consumer, analyzing what flexibility you have and putting it in value,” added the executive director.
The recent implementation of the Energy Savings Certificates System (Falls), which allows monetizing savings for the user to receive economic consideration. “In the face of marketers, it is an opportunity, because before we took it thoroughly and now it gives you the opportunity to accompany your client to be more efficient, more flexible.
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