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Corridor (REE): “The network must be developed to integrate renewables; without transmission there is no transition”

The News GlorybyThe News Glory
06/06/2023
Corridor (REE): “The network must be developed to integrate renewables;  without transmission there is no transition”
The president of Redeia, Beatriz Corredor, on June 1 in Madrid.Eduardo Parra (Europa Press)

The president of Redeia, the holding company to which Red Eléctrica de España (REE) belongs, has requested this Tuesday a new impulse to be able to integrate the enormous volume of renewable projects on the way. “We have one of the best electrical systems in the world, but this is not the time for complacency: we have to continue developing the transmission network to integrate both the new generation and the new demands, as the European Commission has pointed out. Without transmission, there is no transition ”, stressed Beatriz Corredor, while she called for an “urgent reinforcement of interconnections ”with the rest of the continent, one of the great duties of recent decades. “We cannot ignore the enormous complexity involved in working with unmanageable and highly variable energies.”

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The gigantic transformation that the Spanish energy matrix is ​​undergoing and will experience in the coming years “is going to require greater investments to develop smart grids and respond to growing social concerns and environmental requirements”, has recognized the head of REE at the meeting shareholders of the company, in which the State has a 20% stake and a gold stock. “We are going to have to participate in supply chains that are highly stressed and still subject to inflationary effects: all this will have to translate into an evolution of the regulated remuneration models so that they include the costs derived from these activities.” This last message has a clear recipient: the National Commission for Markets and Competition (CNMC), the body in charge of setting the annual remuneration received by electricity and gas carriers.

“Tranquility” due to spills

Corredor, who has described self-consumption as a “true revolution that is here to stay”, has recognized that the operator needs “greater visibility” about the phenomenon. And he has advocated “advancing in some vectors without which it will be impossible to advance in this transition, such as storage or offshore wind, in which it is necessary to define how the generation facilities are going to be connected to the grid, and also advance in renewable hydrogen and electrification”.

Despite the need for greater investment, Spain has —according to the head of REE— “the most efficient and safe electrical system in the world, with a unique renewable energy control center”. Asked about the discharges of green electricity in the central hours of the days with less demand, she has asked for “tranquility”. “We are”, she said, “in absolute disposition to be able to massively integrate all the renewable energy that our country is capable of producing”.

A few days from the equator of the year, renewable sources (solar photovoltaic and thermal, wind and hydraulic) have contributed more than 50% of the electricity consumed in Spain since last January 1, eight percentage points more than in all of last year , according to the data provided by the head of the network manager. “And for nine hours on May 16, they generated everything necessary to fully cover the peninsular demand,” she emphasized, thus confirming the milestone that EL PAÍS achieved. 60% of the electrical power installed in Spain is already renewable, as highlighted by the CEO of the public-private company, Roberto García Merino, who, however, has recognized that “it is far from being what it is: almost a energy island”.

“We are not aware of any movement to merge with Enagás”

Questioned about a potential union with Enagás —the manager of the gas system—, a possibility that has been floating in the market for weeks, the president of Redeia has denied the biggest: “The board of directors has no study on the table, not even a preliminary one , about this hypothetical merger ”, he has denied. “We are not aware of any movement in this regard by either of the two companies or by the legislator.”

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