RES stations now facing market alone or as green aggregators

Today marks a historic day for the country’s renewable energy sector as RES stations begin their gradual departure from the security of fixed prices and start facing market challenges for payment of production either alone or through green aggregation arrangements.

RES stations with feed-in tariff agreements will, as of today, need to submit their Day-Ahead Schedule production offers for the next day, as is required of thermal stations.

For the time being, these offers will not concern payments for RES stations but, instead, be limited to their projected output.

Energy aggregation enables a group of companies or local institutions to partner together to buy energy from a single developer, or multiple developers, at smaller volumes while retaining the economic advantages of a high-volume purchase.

At present, 103 RES stations offering a total capacity of approximately 560 MW are obligated to operate through Day-Ahead Schedules. Of these, 455 MW are wind energy facilities, 77 MW are solar energy units, and the remainder concern other RES technologies.