Analysis of the current regulatory framework for the promotion of renewable energy in accordance to European political guidelines 2021-2030 for the decarbonisation of the electric system

Auction mechanism have been widely used throughout the world for the development of renewable energy sources (RES) in the last decades. The results vary to country to country, nevertheless they have been useful for the development of RES. In November 2020, the Spanish government released the royal decree 960/2020 which creates the new remuneration framework for renewable energy sources and lay down the rules for projects to get access to it through a tender mechanism. The main objective of this legislation is to boost the installation of renewable energy capacity so that the Spanish government could comply with the self-imposed goals for a decarbonized energy system before 2030. The new remuneration framework will be granted through a tender procedure. The product to auction will be installed capacity, electric energy or a mixture of both. RES projects will participate presenting their energy price and if they comply with the parameters of the tender and are competitive enough may win the bidded price of energy. For those RES projects that are granted the new remuneration framework, their perceived energy price will be the result of an equation that ties the bidded price to the market price. In this document has a review of tender procedures in Europe, an analysis of the Spanish decree 960/2020 and finally it proposes a way to model energy prices in the Spanish context throughout the use of spline based non-parametric density functions as well as a tool to improve economic analysis of RES projects
Objectius de Desenvolupament Sostenible::7 - Energia Assequible i No Contaminant