Wind energy breaks the record by covering more than 54.4% of electricity demand

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Wind energy will cover this Monday the 54.4% of electricity demand national, its highest daily participation since there are records, according to data from the system operator, Red Eléctrica. In this way, the percentage registered on December 8, 2021, when wind energy covered 52% of national demand, will be exceeded.

Regarding the volume of generation, Red Eléctrica’s forecast is 420 gigawatt hours (GWh) of wind power out of a total of 772 GWh nationwide, which is the highest production of the year and the third in the historical series, behind the 426 GWh of December 10, 2021, and the 430 GWh of the 8th day of that month and year, which continues to bear the all-time high.

Likewise, at 18:40 hours the wind power has reached a instant power of generation of 20,594 MW, exceeding its historical maximum of 20,452 MW also registered on December 8 of a year ago. This high wind participation is causing in recent days a sharp decline in the wholesale market of electricity, where the lowest prices are being registered in almost a year and a half, being that of this Monday the second cheapest of all 2022with 69.6 euros megawatt hour (euros/MWh), only behind that marked on Saturday, when the light dropped to 57.4 euros/MWh.

Light goes down 21%

This Monday the price of electricity has plummeted by a 21.6% for customers of regulated rate linked to the wholesale market compared to this Sunday, up to 69.56 euros per megawatt hour (MWh). In the auction, the average price of electricity in the wholesale market -the so-called ‘pool’- will stand on Monday at 80.64 euros/MWh.

In absence the mechanism of the ‘Iberian exception’ to cap the price of gas for electricity generation, the price of electricity in Spain would be around 104.89 euros/MWh on average, which is around 35.33 euros/MWh more than with compensation for regulated rate customers, who will thus pay 33.69% less on average. The ‘Iberian mechanism’, which came into force on June 15 in Spain and Portugal, limits the price of gas for electricity generation to an average of 48.8 euros per MWh during a period of twelve monthsthus covering the next winter, a period in which energy prices are more expensive.

Source: lainformacion.com

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