Spanish electricity market

wholeshale electricity market

The Spanish Electricity Sector Reform Will Force Large Utilities To Auction Part Of Their Energy Out Of The Pool

The price of electricity in Spain once again break through the historical maximum yesterday and exceedeed 150 euros for the first time in history. In order to cushion the impact of these soaring prices on electricity bills, the government is preparing a shock plan whose main measure will force the major electricity companies (Iberdrola, Endesa, Naturgy and EDP) to auction energy among retailers and industrial companies.


Spanish households energy bill

The Crazy Rise In Spanish Households’ Electricity Bill

On January 25, the rise in the wholesale price of electricity in Spain exceeded 100 euros per megawatt-hour, its record level. For many years, how electricity prices in Spain have been established has been a total nonsense, since the electricity pool functions like a marginal market. A division of the Supreme Court has decided to start proceedings to find out what the reasons are for the successive increases in electricity bills.


electricity1

Rafael Villaseca: The energy market doesn’t work at the moment

Eulogio López | Rafael Villaseca, CEO of Gas Natural Fenosa is an industrial engineer and it shows. He has worked for a wide variety of companies: Panrico, Inisel, Nueva Montaña Quijano…And lately he has become a harsh critic not of the renewable energy firms themselves, but of the subsidies they receive.