Energy and environment

Boosting futures markets and reducing the role of the spot market would make electricity prices more stable and guarantee the investment needed in renewable energy to meet 2030 targets.

A PwC report published by the Naturgy Foundation analyses the best options for reforming wholesale electricity markets to address the mass integration of renewable energy while guaranteeing that consumers receive a quality service.

The document authors also support giving greater power to the system’s adjustment services, which would make it more flexible and allow for renewable technology, storage and energy demand management.

Energy and environment

Climate ambitions, an agreement on emissions accounting and participation by the United States will be the key issues addressed at the forthcoming COP26 in Glasgow.

The Naturgy Foundation and the Spanish chapter of the Club of Rome are holding a series of webinars to reflect on and debate current issues related to energy and sustainability, with a session on the forthcoming Climate Summit that will be held in November.

Valvanera Ulargui, director general of the Spanish Office for Climate Change, and Pedro Linares, professor at the Higher Technical School of Engineering ICAI-University of Comillas, were the first guests in this series of conversations between experts.

Energy and environment

The introduction of renewable gas in Spain would reduce the greenhouse gas emissions forecast for 2030 by over 10%

The maximum renewable gas production potential in Spain could be the equivalent of 65% of the current total natural gas demand if it is purposefully developed.

European countries such as Germany, the United Kingdom and Sweden are very advanced in the development of this new energy vector, which Spain seeks to boost with the future Climate Change Act.