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Tian Wen's avatar

Great post! I love that you use multiple sources that support your argument regarding decreasing capture rates by solar.

Julien Jomaux's avatar

Thanks, appreciated.

Seb Kennedy's avatar

Thanks for an excellent resource. Curiously, looks like the Spanish PV fleet didn't benefit at all from the 2022 price spike, while those in France and Germany did. Why is that? Fixed feed-in tariff with no merchant exposure?

Julien Jomaux's avatar

Thanks. Do you make reference on the graph of Intermittent.energy ?

Spain introduced a cap on gas during the crisis, limiting the price of electricity compared to the rest or Europe.

Seb Kennedy's avatar

Yes. I recall the 'Iberian exception', in fact I wrote about it here: https://www.energyflux.news/p/dissecting-the-iberian-exception

So, it looks like the cap worked and also prevented RE generators from capturing windfall profits?

Julien Jomaux's avatar

Yes, it worked but at a cost of course. Also, France profited from cheaper electricity because of that.

Seb Kennedy's avatar

Yes, and it incentivised more power sector gas burn during a global gas crisis, which was - shall we say - unfortunate!