The first renewable forward market mechanisms in the Iberian Electricity Market

Capitán Herráiz, Álvaro y Rodríguez Monroy, Carlos (2012). The first renewable forward market mechanisms in the Iberian Electricity Market. En: "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. pp. 1-10.

Descripción

Título: The first renewable forward market mechanisms in the Iberian Electricity Market
Autor/es:
  • Capitán Herráiz, Álvaro
  • Rodríguez Monroy, Carlos
Tipo de Documento: Ponencia en Congreso o Jornada (Artículo)
Título del Evento: 10th Latin American and Caribbean Conference for Engineering and Technology. Megaprojects: Building Infrastructure by fostering engineering collaboration, efficient and effective integration and innovative planning
Fechas del Evento: 23/07/2012 - 27/07/2012
Lugar del Evento: Panama City, Panama
Título del Libro: 10th Latin American and Caribbean Conference for Engineering and Technology. Megaprojects: Building Infrastructure by fostering engineering collaboration, efficient and effective integration and innovative planning
Fecha: Julio 2012
Materias:
Palabras Clave Informales: Energy regulation; power futures; regulated auctions; over the counter; renewable generation
Escuela: E.T.S.I. Industriales (UPM)
Departamento: Ingeniería de Organización, Administración de Empresas y Estadística
Licencias Creative Commons: Reconocimiento - Sin obra derivada - No comercial

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Resumen

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.

Más información

ID de Registro: 19438
Identificador DC: http://oa.upm.es/19438/
Identificador OAI: oai:oa.upm.es:19438
URL Oficial: http://www.laccei.org/index.php/events/past-events/laccei-conference-2012
Depositado por: Memoria Investigacion
Depositado el: 12 Ene 2014 08:44
Ultima Modificación: 21 Abr 2016 17:42
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