spain nuclear shutdown

Spanish electricity market

Another New Normal: Nuclear Shutdown In Spain Will Trigger Electricity Price Volatility

José Salmerón (Intermoney) | Two years ago, the government agreed with the companies that own nuclear power plants for their phased closing. The first result of this on the Spanish electricity market will be the disappearance of a base power generation in all hours of the year and that in 2020 accounted for 23.6% of electricity demand. In addition, the energy sold at a price below the marginal cost of the market will be radically reduced and the price may rise as never seen before in the daily generation market.