The board at RAAEY, the Regulatory Authority for Waste, Energy and Water, is expected to meet this week to finalize terms for the country’s second auction for standalone batteries.

RAAEY will announce the finalized terms for the second auction once the energy ministry has issued a ministerial decision.

Though a final decision still needs to be reached on the starting price to be offered at this next auction, a level of just over 100,000 euros per MW, for a year, well below the starting price of 200,000 euros per MW, for a year, offered to successful bidders in the first auction, staged in August, appears likeliest. Bidding competition at the first auction was intense.

Questions still remain about the total storage capacity to be offered to investors at the next session. This offer could depend on the extent of the remuneration cut, even though some RAAEY sources have noted the capacity to be offered could well remain at about 300 MW, as originally planned.

The energy ministry is aiming for approximately 1,700 MW in installed standalone batteries by 2027.

A total of 12 RES projects with storage units, for which successful bids were submitted in the first auction, secured tariffs averaging 115,000 euros per MW, for a year, or 57 percent below the starting price.