MRC presented a critical review of the next steps and potential implications of the Strategic Storage Plan (“Plan Estratégico de Almacenamiento”, PEA) to the electricity market and renewable generation. The event, an online dissemination session, was organised by the Asociación Empresarial de Pilas Baterías y Almacenamiento Energético AEPIBAL. The session explored the business options to addressRead more
Renewable Auctions in Spain Regulatory Framework: RD 960/2020 On November 3rd, the Spanish Government approved the “Royal Decree 960/2020 on auctions to harness the full potential of renewable energies in economic reactivation”[1]. This decree builds on the guidelines set by Royal Decree-Law 23/2020 in June and completes the regulatory framework for renewable auctions in Spain.Read more
Business opportunities for Storage and Demand Side Response in the Spanish Electricity Market Energy Storage Systems and Demand Side Response (DSR) are expected to become key elements of the future electricity system as increasing renewable capacity requires new sources of flexibility. Spain is lagging on the development of these flexibility mechanisms with respect to EuropeanRead more
A project commissioned by the European Commission, Directorate-General for Energy. MRC, VaasaETT, REKK, and The Advisory House are delighted to announce the commencement of a Europe-wide research project to analyse barriers to entry in retail energy markets in the EU. The ground-breaking project, the most extensive of its kind to-date, will research the challenges facingRead more
The MRC Group, together with our partners ECCON Intl and EXERGIA, has been entrusted by the Ministry of Energy and Natural Resources (MENR) of Turkey to assist them in the development of the power and gas markets in the country. The project has been recently launched with the initial workshop in Turkey. The assistance relatesRead more
Framed in KETRACO’s efforts to improve its financial stability, to attain self-sufficiency and to obtain monitoring tools which can provide reliable financial projections, to be used by the company and to be presented to third parties, specifically, to financial institutions. MRC has assisted the company in developing an investment and financing strategy that allows theRead more
Development of renewable energy projects beyond traditional regulatory scheme and periodic auctions organized by the Spanish authorities is boosting. Apart from conventional alternatives to develop renewable energy, available options for commercializing this energy in the market mostly focused on power self-generation and possible bilateral contracting (PPAs’) with end consumers. Broadly, we can characterize the optionsRead more
The current Government in Brazil has been making its way through privatization plans in the energy and other infrastructure sectors (water & sanitation, roads, ports, airports, oil and gas) since launching its investment partnership program (PPI) in September 2016. Divestment of the government-owned electricity company – Electrobras – has been a main target of theRead more
The Volta River Authority (VRA) has been the backbone of power generation in Ghana for over 50 years. Its two major hydropower plants – Akosomobo and Kpong generation stations – provided much of the country’s power until persistent drought conditions forced the development of its first thermal facility in 1997, a 330MW tri-fuel Combined CycleRead more
Old challenges for a new RES technology development path in Turkey. Turkey is in the process of welcoming a higher share of renewable energy generation in its generation fleet. The aim of the Government is to have a more sustainable electricity generation mix but also to achieve a self-energy-security. Turkey is at the beginning ofRead more