RES market stagnant, account deficit to end year at 17.37m euros

The RES special account deficit at LAGIE, the Electricity Market Operator, increased by 11 million euros in August, from 66.25 million euros to 77.21 million euros, the operator’s latest report shows.

The special account had begun the year with a deficit of 101.88 million euros and is forecast to end 2015 at 17.37 million euros after falling sharply in November and December, by 30 million euros and 48 million euros, respectively.

Surplus figures for the RES special account are forecast for the first five months of 2016. A surplus of 19.13 million euros is forecast for January and 7.57 million euros for May. However, the account is expected to fall back into deficit territory from June onwards, with the deficit rising to 55.98 million euros by December next year.

In 2017, the year is forecast to begin with a deficit of 27.63 million euros, rebound temporarily in February and March, and then recede again in April with a deficit of 22.11 million euros, before gradually rising to reach 87.54 million euros in August.

The country’s installed RES capacity figure remained stagnant at 5,019 MW in August, according to the LAGIE report. No RES sub-sector managed to increase its installed capacity.

Wind-energy facilities remained at 2,084 MW, photovoltaic systems at 2,228 MW, roof-mounted photovoltaic systems at 375 MW, small hydropower facilities at 224 MW, biomass-biogas units at 49 MW, and combined heat and power (CHP) production at 230 MW.