The Association of Renewable Energy Companies (APPA) warned yesterday that the chronicification of the tax on energy companies would end up having an impact on consumers’ bills. José María González Moya, general director of APPA, drew on experience and said that the renewable sector has been taxed whenever possible. “And it has never been good”he clarified. In such a case, González believed that energy companies would be forced to transfer prices to consumers’ bills or to market offers.
This, he indicated, will also affect companies seeking to establish themselves in Spain, since they are “those who pay and those who choose where they go.”
In this sense, the Association has emphasized that the country must offer “something more than cheap energy” to attract new sectors of high energy consumption, such as data centers, something for which it is necessary to solve the planning. “We have a good electrical system, but there are rigidities in network planning that should be resolved“he concluded.
APPA has also made reference to the challenging market context faced by renewables, mainly due to the rapid deployment of photovoltaic solar energy that has brought energy prices to a minimum. Santiago Gómez, president of APPA, explained that the prices that the Association has for the year are still acceptable for the generators, around 58 euros/MWh on averagebut also warned that the impact of solar energy in the central hours of the day greatly squanders renewable development itself.
The general director of APPA assured that the captured price solar is significantly lower than the average, 35 euros/MWh, something that hinders the profitability of companies that want to launch renewable projects. “Profitability has been lost, and the worst thing is that it will go down in the coming years. We are living off the income,” he said.
The impact of renewables decreases
The reduction in the price of the electricity market, as well as that of the equivalent of fossil fuels in non-electric renewables, caused a decrease in the sector’s contribution to GDPwhich was located in 16,495 million euroscompared to 22,184 million euros in 2022 and 18,084 million in 2021, years highly conditioned by inflation and high energy prices. In general, the renewable sector It represented 1.13% of the national GDP.
Regarding jobs, a slight decrease in construction activity, especially linked to the self-consumption and wind powerconditioned the evolution of jobs, which They decreased slightly (-2.5%) to 127,576.
On the other hand, the savings generated by renewable energies in 2023 maintained the high pace of the previous year, which marked a record in the historical series. In the electrical sector, the Net savings reached 9,575 million euros.
At a global energy level, the savings were even higher than in 2022, although the reduction in energy prices implied a decrease in economic savings derived from the importation of fossil fuels, which stood at 15,622 million eurosand CO2 emissions, with savings of 5,586 million.
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