RENEWING ENERGY CONTRACTS FOR 2025
Red Eléctrica has secured an 88% increase in energy for the Demand Response Service (DRS) for the upcoming year 2025. This system is designed to balance the grid in case of imbalances between production and consumption.
Increased Demand and Supply
A total of 24 providers with a total capacity of 2,018 MW participated in the auction, with 21 providers offering a total of 192 blocks and 1,455 MW. Ultimately, 1,148 MW were allocated in the auction to be provided over 4,371 hours, amounting to around 300 million euros.
Costs and Marginal Prices
The marginal price in the auction process reached 56.43 euros per MW, a 38% increase from the previous year. Bamboo Energy estimates that customers will receive 246,655 euros for each MW they contribute.
Growing Demand and Service Scope
In 2024, the auction allocated 609 MW over 5,745 hours from 19 providers. The DRS will be active from January 1 to December 31, 2025. REE reports a demand for 2,116 MW of active response and a total of 4,371 hourly periods.
Future Expectations and Benefits
REE projects around 41 activation orders (up to 123 hourly periods) throughout the service period. This reflects a growing interest from electricity consumers to participate in grid services if there is clear access and attractive pricing signals.
Reliability and Functionality
The DRS has been activated twice this year to manage grid imbalances and ensure reliable electricity supply. In both instances, the system responded promptly, maintaining necessary safety standards.
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