Why do we need a new electricity system in Spain?
The need to accommodate the increasing integration of renewable energy and the growing demand for electricity, while ensuring the stability of the electricity system, necessitates the renovation of Spain's electricity transmission and distribution infrastructures.
What is the Planification of the electricity transmission infrastructure in Spain?
In this context, the renovation of the electricity transmission infrastructure is subject to the Spanish government's planification, which, under the Spanish Electricity Sector Act, operates on a six-year horizon. This planification system is: (i) influenced by political factors; and (ii) unable to address emerging issues promptly.
Does the capacity market guarantee the profitability of storage projects?
The capacity market is a mechanism designed to ensure the security of electricity supply, complementing revenues from generation, storage, and demand response. However, it should not be considered a tool to guarantee the profitability of storage projects.
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