Spanish grid operator Red Electrica de Espana (REE) said on Friday that it had secured a total of 497 MW of capacity for the Spanish mainland in the nation’s first active demand response auction.
Winning bidders will be paid EUR 69.97 (USD 68.73) per MWh to reduce their power consumption at pre-arranged times based on the needs of the mainland electricity system to achieve balance between supply and demand. Per Spanish law, consumers with a demand of at least 1 MW and participants in the wholesale electricity market were able to attend the auction, while small businesses and residential consumers were excluded, REE said.
There is no information on whether renewables or storage systems participated in the event.
The grid operator secured a total of 2,714 hours of active demand response services at peak times on Monday through Friday between November 1, 2022 and October 31, 2023. The service providers will be given a notice at least 15 minutes in advance before they are due to adjust their consumption. They will be required to do so for up to three hours per weekday, REE explained.
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