The competitive allocation of the interruptibility demand-side management service corresponding to the period between 1 June and 31 December 2018 has started today through the holding of the auction convened by the Ministry of Energy, Tourism and Digital Agenda. Said auction is managed by Red Eléctrica and is being held at the IFEMA Trade Fair Venue in Madrid.
As established in the Resolution of the Secretary of State for Energy, approving the requirement for a set volume of interruptible power to be auctioned, a total of 2,600 megawatts (MW) will be auctioned on this occasion, divided into 320 blocks of the 5 MW of capacity product (1,600 MW) and 25 of 40 MW (1,000 MW).
The allocation mechanism will be similar to that of previous editions and will be carried out through reverse auctions that will start at 150,000 euros per MW and per year for the 5 MW capacity products and 200,000 euros per MW and per year for those of 40 MW.
During the next few days, close to 130 large industry companies with intensive electricity consumption will compete for the awarding of the interruptibility service. The final results of the auction will be published on Red Eléctrica’s System Operator Information System (e-Sios) website), once they have been validated by the National Markets and Competition Commission.
The interruptible power for the period between 1 January and 31 May 2018 was assigned in December 2017 through a competitive auction procedure similar to that started today.
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