Spain creates a capacity market to guarantee electricity supply amid renewable energy growth
17 Sep 2026Effective: 17 Sep 2026125 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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