The solar auction, which took place this Monday and Tuesday, the 24th and 25th of August, for 12 lots in the Algarve and Alentejo was a success, «with Portugal breaking a new world record with the lowest solar energy price on record », announced, at a press conference, the Ministry of Environment and Climate Action.
In practice, this means that Portuguese consumers may have gains of 559 million euros in 15 years.
Hanwha Q-Cells (South Korea) was the big winner of the auction, snatching half of the lots (6). French company Tag Energy won two, as well as Audax (Spain). Finally, Iberdola, Enerland and Endesa got a lot. Thus, despite the 12 lots being auctioned, 13 were awarded.
In the auction, 670 megawatts (MW) were awarded, of which around 75% were in the Storage modality (483 MW) and the remainder in the System Compensation (177 MW) and Contract for Differences (10MW) modality.
At today's press conference, Matos Fernandes, minister of the Environment and Climate Action, said that this "is not a tariff auction, but it is an auction of a very scarce good, which is network access points."
That was the reason behind the low prices: the average price was 11,4 euros per megawatt hour (MWh), a new world record.
“With a lower price on production, consumers will tend to have electricity at lower prices over time. What we are generating savings for consumers in the next 15 years is 559 million euros”, said the minister.
"We're here objectively to create the conditions to reach 2030 with 80% of the electricity from renewable sources», considered Matos Fernandes.
Finally, João Galamba, Deputy Secretary of State and Energy, explained that "consumers will have gained in network access tariffs and in the price of energy."
“We're going to pay less for electricity,” he concluded.
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