EKON IN THE NEWS
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Renewables, always at the center of alternatives to reform the market.
Germany plans to achieve 100% energy from renewable sources by 2040. The planned reform of its Renewable Energy Act now includes a considerable increase in its targets. Renewables are expected to generate up to 80% of the country's electricity production in 2030 and...
Do the proposals to reform the electricity market favor renewables?
The rise in electricity prices, exacerbated by the Russian invasion of Ukraine, inflicts a fierce punishment on citizens and threatens to paralyze the industrial and business fabric in Spain and throughout Europe. Today the European Commission presents a range of...
180€/MWh in 2022, 80€ in 2023, 60€ in 2024 and 40€ from 2025 onwards
How to manage the risks of the electricity market in such a volatile price environment? This and other issues were dealt with at the Solar+Wind Spain Congress, organized by Energy Box. “If anything seems clear, it is that when the wind blows and it is sunny,...
COVID19 challenges the Spanish Renewable Sector
COVID-19 has caused a lot of uncertainty about what it can mean for the renewable sector in Spain. Last April 6, ATA Insights organized a webinar entitled "The Impact of COVID19 on the Renewable Industry at an International Level" in which, among other speakers, Kim...
A Green Certificates market as an alternative to renewable auctions
Why does the EU Emission Trading Scheme (“ETS”) market work? It is not out of major polluters goodness of heart. If a major polluter forms part of the EU ETS and does not have sufficient EU Allowances (“EUA”) to cover their annual emissions, they will face penalties...
A step back in the 2030 renewable targets
The energy of the future for Spain and Europe. This is how the Association of Renewable Energy Companies (APPA). refers to renewable sources. But if we talk about tomorrow, a question arises: how will the coronavirus affect the objectives of reaching 42% of clean...
Renewable energy faces a maturity examination
The health crisis caused by the coronavirus has turned society and the economy upside down. Thus, when barely a handful of weeks have passed since the curtain dropped on # COP25, the reality is that the statement "we must act now" still resonates in the environment....
The coronavirus puts renewables to the test … and plans could be reviewed, including PNIEC
The coronavirus has not only put our country's health system to the test, but also renewable energies ... and there is great uncertainty about what it may mean. "If things do not change, it will be necessary to review the medium and long-term renewable development...
Should nuclear be considered as a low-emission energy source?
Until such time as storage technologies allow a 100% renewable electricity system based on, should nuclear energy be considered part of a low-emission mix? Or are there preferable alternatives? Yes, nuclear can be part of a low emissions generation mix, as its...
Solar energy in Spain: bubble or progress?
So, what is a bubble? A bubble represent a point in the market where expectations of future returns are higher than reality. This happens when the price of investment instruments on the market rise to a point that exceeds a reasonable valuation and is not sustainable;...
Renewables, the foundation for the economic revival
Renewables have become, today more than ever, as the main route to post COVID-19 economic revival. First, because it ensures a sustainable way out of the crisis, as claimed in Spain and Europe; and second, because it is in full development. Furthermore, the effects of...
Is there a bubble in the Spanish renewable sector?
Kim Keats: As an economist, for me, a bubble is an investment explosion that leads to imbalance, falling prices, and where investors do not meet their expectation of return of capital. So the fundamental question is: How much renewable electricity can be absorbed...
Europe wants to force Spain to allow negative prices in the electricity market: pay to produce energy
Article 10 of the new European regulation on the internal electricity market states that "there will be no upper limit or lower limit for wholesale prices of electricity", although the operators of the respective markets (OMIE, in the case of Spain) "may apply...
Spanish PPA market sparks international interest
On June 13, the Solar + Wind Congress 2019 was held in Madrid, organized by PV Box, which featured presentations by experts from the photovoltaic sector, where they presented the latest research and ideas on the European market, especially in Spain and Italy. The...
EKON Strategy Consulting assures that «we will be close» to PNIEC’s targets, only 4.6% behind
These are the main conclusions drawn from the presentation that Kim Keats, Director of Market Modeling at the Spanish consultancy EKON Strategy Consulting, made on the results of its price projection and capacity expansion model during the Solar & Wind SWES...
Spain will not achieve its 2030 renewable target
“Spain´s National Integrated Energy and Climate Plan (NECP) has not taken into account that with the expected technological improvements in PV and wind energy yields, the number of equivalent hours of operation will increase so greater production can be achieved with...
Only 10.5 GW of wind and 24.3 GW of PV are required to achieve the 70% renewable target in 2030.
In the most favorable scenario for the development of renewables, EKON Strategy Consulting predicts that renewables will cover 69.4% of electricity demand in Spain in 2030, only 4.6% behind the 74% target set by the government in the draft NECP. According to EKON, in...