Iberdrola is preparing for the reform of the (PVPC) that the Government has to undertake this coming October. For this reason, the electric company has begun to send letters to its clients warning them that it may be forced to break the contracts in the event that the department headed by Teresa Ribera decides to launch the primary energy auctions that it approved in the Royal decree 17/2021.
The electric company assures that in the event of “coercively forcing Iberdrola Spain to sell up to 25% of its generation capacity in auctions, depriving it in that case of the possibility of allocating that amount of electricity to the supply of its customers” they will have to break the current conditions of said contracts.
The Government made a commitment to the European Commission to have the reform of the PVPC ready for this coming month of October and in Royal Decree 17/2021 it already indicated that 10% of the weighting of the future regulated price would be linked to the result of these auctions of which, for the moment, nobody is sure of its celebration but they are expected for this coming September.
In fact, the Ministry of Ecological Transition has also held a meeting throughout this week with the renewable energy associations Unef, Appa, Protermosolar, Asociación Empresarial Eólica and Anpier to request their contributions in preparing the contingency plan for the energy sector. gas in which this matter came up.
At the meeting, the ministry did not want to go into details about the reform of the remuneration of the energies that are included in the so-called Recore (Renewables and cogeneration) and indicated that it would be dealt with in September and that the pending renewable auctions, among which They include the one that was suspended on April 6 for biomass and solar thermal, could be held in October.
The Government regulated these auctions as early as 2021 to reform the regulated rate PVPC
The Government informed the associations that the guarantee of supply in Spain is privileged and that although after the studies carried out it is considered that no problems are expected, the intention of the Executive is “to put ourselves in contingency mode” in the face of the possibility that the solidarity mechanisms that the Commission presented yesterday and that were advanced by elEconomista.es on Tuesday of last week.
The Ministry requested, as it has done with other sectors, that proposals be made for the short term (winter 2022-2023) and for the following two years. The employers have transferred to the Government the need for the measures adopted to improve the availability of gas to be temporary so that they do not affect renewable development, as has happened with the green taxonomy. Regarding taxes, the Ministry transferred the associations that will be Moncloa and the Treasury that will be in charge of managing this matter without going into details.
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