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, electricity market prices drop,” Kim Keats Martínez, director of Market Modeling at EKON Strategy Consulting said today.
Kim Keats is convinced that in the coming years «a period of stability will come with renewables dominating the energy mix». But he also sees some uncertainties stemming from the logical dysfunctions that any change in the model has. «As coal, nuclear or gas plants are shut down, our price forecasting model suggests a price hump may occur between 2033 and 2043.» This price increase will depend on several factors such as the installed renewable power or the development of storage systems.