Observatorio de I+D+i UPM

Descripción
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. Keywords: energy regulation; power futures; regulated auctions; over the counter; renewable generation
Internacional	Si
Nombre congreso	Tenth LACCEI Latin American and Caribbean Conference (LACCEI?2012)
Tipo de participación	960
Lugar del congreso	Panama City
Revisores	Si
ISBN o ISSN	978-0-9822896-5-5
DOI
Fecha inicio congreso	23/07/2012
Fecha fin congreso	27/07/2012
Desde la página	1
Hasta la página	10
Título de las actas	Megaprojects: Building Infrastructure by fostering engineering collaboration, efficient and effective integration and innovative planning

Esta actividad pertenece a memorias de investigación

• Autor: Carlos Rodriguez Monroy (UPM)
• Autor: ALVARO CAPITAN HERRAIZ (UPM)

• Creador: Grupo de Investigación: Ingeniería de la Calidad Alimentaria
• Departamento: Ingeniería de Organización, Administración de Empresas y Estadística