Spain Wins EU Nod for €9 Bln Electricity Backup Scheme « Carbon Pulse
11 Articles
11 Articles
This would ensure that the electrical system has sufficient backup in times of scarcity, thus avoiding another blackout.
The European Commission has announced this Friday the green light to the project of the Ministry for the Ecological Transition to create a market of electricity capacity, able to supply through auctions with the different generators, with technologies such as the storage or interruptions of the electricity industry sufficient to be able to cope with moments of stress in the electrical system, when the demand is well above the supply. Although in…
At the end of 2024, the government announced a system by which a number of electricity producers were allowed to be permanently active, but the process has been long, very long, including a step by the European Commission for its approval, which has finally arrived on Friday. Brussels has thus given the green light, in accordance with the EU State aid rules, for the Spanish government to be able to give electricity aid of 9 billion euros to guar…
Brussels has given a green light this Friday to the government’s anti-payment plan. The European Commission will allow Spain to launch the so-called capacity mechanism or market, by which...
The proposal will allow the government to grant multi-million-dollar subsidies to energy companies to guarantee electricity supply at times of mismatch between supply and demand and to the large industry to reduce their energy consumption at peak times.
The capacity mechanism will enter into force immediately and will remunerate for a decade the technologies that guarantee available power in times of scarcity. More information: The department of Ribera in Brussels does not unlock the capacity auctions that demand gas plants and batteries
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