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Mon Apr 16, 2012, 04:59 PM

Spain wind power reaches 60.5% demand, prices fall [View all]

http://www.reuters.com/article/2012/04/16/markets-iberia-power-idUSL6E8FG8NH20120416

MADRID, April 16 (Reuters) - Spain's wind parks provided a record 60.46 percent of demand for electricity early on Monday, national grid manager REE said, after a windy weekend that reduced wholesale power prices to their lowest levels in more than two years.

The new record percentage set at 3:48 a.m. local time (0148 GMT) compared with a previous maximum of 59.63 percent at 2 a.m. on Nov. 11.

The Iberian Electricity Market's (Mibel) spot exchange OMIE set the benchmark "pool" price in Spain for Sunday at 10.99 euros ($14.38) per megawatt-hour, its lowest since fixing a level of 6.32 euros for Jan. 1, 2010.

Wind power sways the spot market, because producers can sell it at a considerable discount to electricity generated by burning coal and gas.

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Reply Spain wind power reaches 60.5% demand, prices fall [View all]
jpak Apr 2012 OP
freshwest Apr 2012 #1
Fledermaus Apr 2012 #2
FogerRox Apr 2012 #5
Nihil Apr 2012 #8
madokie Apr 2012 #9
NYC_SKP Apr 2012 #3
Nederland Apr 2012 #4
eqfan592 Apr 2012 #6
Kolesar Apr 2012 #10
eqfan592 Apr 2012 #7