RES market operator DAPEEP has projected a considerably wider RES special account surplus of 172.23 million euros for the end of 2021 in a latest monthly report factoring in market data up to March.
The operator’s previous report, covering data up until the end of February, had forecast a RES special account surplus of 117.49 million euros.
The increased RES special account surplus now forecast by the operator has been attributed to projections for even higher CO2 emission right prices during the year as well as higher day-ahead market clearing prices.
The latest DAPEEP forecast for the RES special account bases its calculations on a CO2 emissions right price average of 45 euros per ton, up from 42 euros per ton a month earlier.
The day-ahead market clearing price was also increased to 58 euros per MWh from the previous month’s 56 euros per MWh, by the operator for its latest RES special account forecast.
Taking into account a 70 million-euro safety reserve amount deducted for security against extraordinary circumstances, the RES special account’s net surplus at the end of 2021 is forecast to reach 102.23 million euros.
The 172.23 million-euro gross surplus includes 25 million euros anticipated from RES producer certificate surcharge revenue as well as 92 million euros from a green surcharge imposed on auto diesel.