Energy BOE Importance: 8/10

Spain creates a capacity market to guarantee electricity supply amid renewable energy growth

17 Sep 2026 Effective: 17 Sep 2026 12 views
Who is affected:
Electricity producers, storage operators, energy investors and system operator Red Eléctrica

Summary

An auction market is established to contract firm capacity and ensure sufficient electricity when renewables are not producing. It affects producers, storage operators and the peninsular electricity system.

Detailed analysis PRO

Order TED/966/2026 creates a centralized capacity market in the peninsular electricity system to address the coverage deficit detected in NRAA and ERAA analyses, where the LOLE indicator exceeds the 1.5-hour reliability standard set by CNMC. The mechanism is structured through multi-year main auctions with a lag period…

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Full official title

Orden TED/966/2026, de 15 de septiembre, por la que se crea un mercado de capacidad en el sistema eléctrico peninsular español.

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